Your credit report is more important to you than you think. A few months ago, I wrote a blog article about my encounter with one of the local banks that rejected my request to increase credit card limit for no good reason. I mentioned I had an “AA” CBS Credit Score from Singapore Credit Bureau. […]
Tell OCBC what home means to you
What does Home mean to you? “Home is not just a house, it’s a special feeling. Like the sound of a favourite song, the smell of mom’s cooking, or the twinkle in a loved one’s eyes. Tell us what home means to you and get one step closer to your dream home.” OCBC never ceases […]
Get Your Property Loan The Right Way: An Exclusive Interview with iCompareLoan
Last week, I wrote about my encounter with a bank for failing to increase my credit card limit without even an explanation. Come to think of it, the issue is so trivial comparing to property loans. Many people mistakenly think that they can easily get credit from their bank to purchase their property. Worse, they […]
Why Is The Ease of Total Debt Servicing Ratio (TDSR) Restriction Disappointing
On Feb 10, 2014, The Monetary Authority of Singapore (MAS) announced to ease the restrictive Total Debt Servicing Ratio (TDSR) on certain property buyers. What it says is that some of those who bought a residential property before the TDSR measure (introduced on June 29, 2013) will be exempted from the TDSR threshold of 60% […]
Finally, Total Debt Servicing Ratio (TDSR) framework
Why blame the government where you are not prudent in the first place? Finally, the rules, which take effect today, demand that lenders consider a borrower’s total debt obligations, including other mortgages and loans for cars, before granting a new home loan. Banks will not be able to approve a loan if the monthly repayments […]
Finding the best home loan rates is easy
In this website, I always provide you with important home loan updates to help you make informed decisions before taking up a mortgage loan. Now you can check the latest home loan rates and compare all the home loan packages by yourself with a few clicks. Click here to compare new loan packages Click here for refinancing loan packages. As a […]