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Can't sleep well last night? Caught by surprise on the sudden 5% increase on the Additional Buyer's Stamp Duty? Scratching your head due to tightening of Loan-to-value by 5%? Not to worry! You are not the only one worrying about it! Last night at Stirling Residences, Park Colonial & Riverfront Residences, look at the crowd going crazy!! Look at the number of people that are ready buyers that can buy property that worth more than a million. So the question is, are you financially ready to commit? More than 1,000 units transacted overnight! It all comes down to, financial management as well. Want to have your finances checked and planned for your dream home? Contact me now! Email                                   : Kenny.lee.sj@gmail.com Contact No.                         : +65 9623 6667 / +65 6100 0898 Instagram ...

Dear Investors, As some of you may not know, some of the banks loan from other banks to finance themselves in order to loan money to property buyers.  In general, most mortgage loans in Singapore are priced at a “premium” to 3-Month SIBOR, though there are fixed rates available. For example, a mortgage loan can be priced at 3-Month SIBOR + 0.8%, meaning banks will make 0.8% profit margin on the loan after paying 3-Month SIBOR to a lender. If 3-Month SIBOR is 0.77%, the total interest could be 1.57%. SIBOR or SOR based home loan packages in Singapore are typically structured to allow borrowers to determine what their interest payments will be until the end of the loan tenure. Below is an example of a typical floating rate mortgage loan in Singapore. Example Floating Rate SIBOR Package: Year 1: 3 Month Sibor + 0.75% Year 2: 3 Month Sibor + 0.85% Year 3: 3 Month Sibor + 0.95% Year 4 (onwards): 3 Month Sibor + 1.25% A floating rate loan could be a cheaper source...

Nowadays, people want to get their second/private property. But, they do not dare to step into it as the majority are afraid that they do not have the financial ability to service the mortgage. While you are still repaying your loan, you can actually refinance and upgrade your property. First of all, not only can you cash out on your current property, at the same time, you can renew the lease period by getting a new build home. There are found methods that can help homeowners to get their second property while holding on to a matrimonial home and still carry on with the current lifestyle!  Want to get your finances checked? Want to know if you are ready to get your second home or upgrade your property type? Contact me now! Email                              : Kenny.lee.sj@gmail.com Contact No.                    : +65 9623 6667...