All taxpayers are not created equal. In every year's Singapore Budget or National Day Rally, the media will feature a low-income or middle-class family, highlighting "what he and his family will get" or "how she and her family will be benefited". But no one bothers to interview singles like us. Because we don't get anything anyway. Why do they have to penalize singles … [Read more...]
3 property investment mistakes you should avoid in 2015
No matter what your new year resolutions are, it’s time you said goodbye to your bad habits in property investment. If you are buying a private home in 2015, avoid making these three common mistakes. Mistake #1: Rush in and get burnt. According to URA, there are 88,627 uncompleted private residential units (including ECs) in the pipeline. As at 3rd Quarter 2014, 28,120 … [Read more...]
Put yourself to the test: the Property Financing Quiz
How knowledgeable are you with housing loans? Do you know enough about TDSR? How good are you in negotiating with the banks? Dare to challenge yourself by taking a short 10-question quiz? 1. Please refrain from checking the answers in the internet. No cheating please! 2. Participant with the highest score stands the chance to win a special prize at the Understanding … [Read more...]
Do’s and don’ts while waiting for housing loan approval
I came across this article from ActiveRain titled The Do's and Don'ts During a Home Loan Closing! and found it very insightful. Many home loan applicants are not aware of these unwritten rules and go on to do 'silly' things while waiting for the approval of their mortgage. Read the article, especially the six Don'ts. It can definitely save you from the shock and … [Read more...]
Getting the most out of housing loans
The following article is an excerpt from my book No B.S. Guide to Property Investment - currently No. 2 in Kinokuniya Monthly Bestsellers (Finance & Investment) and No. 10 in Times Bookstore Non-Fiction Weekly Bestsellers as of last week. Donald Trump has this to say about mortgages in his book Trump: Think Like a Billionaire: "Never accept a first offer, and always … [Read more...]