Mortgage Master - Blog

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Get the latest news and insights from the mortgage industry in Singapore.

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Home Loan Claire Yeo - 

When obtaining a home loan in Singapore, whether it's a new purchase or refinancing, you'll need to obtain several documents from the CPF, IRAS and HDB websites. Our step-by-step guide helps you download the 9 most common income documents required.

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Home Loan New Purchase News Claire Yeo - 

<p>Singapore's real estate market can be a bit complicated, especially if it's your first time buying or selling a house. You probably know you'd need to engage the right property agent- but did you know getting the right mortgage broker is just as important?</p> <p>That's because both play vital roles whether you are buying or selling. You might be tempted to just think having a property agent is sufficient, because afterall, they are your go-to expert for all things property.</p> <p><img src="https://mortgagemaster-files.s3.ap-southeast-1.amazonaws.com/files/pexels-shvetsa-4225920.jpg" alt="" /></p> <p>However, just as how you would not consult your GP on your cancer diagnosis, you wouldn’t want to risk consulting your agent o...</p>

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Home Loan Interest Rates New Purchase David Baey - 

<p>Are you looking to upgrade to a bigger house as your family grows?</p> <p>Thinking about moving from an HDB to a private property as your career and income advance?</p> <p>Whether it’s for location, convenience, economic status, schools, or amenities, upgrading or relocating is a natural part of life.</p> <p>However, the most crucial aspect of this process is obtaining the right financial advice. Traditionally, many people secure a home before arranging their loan, but the most savvy individuals find financing before they start house hunting.</p> <p><img src="https://mortgagemaster-files.s3.ap-southeast-1.amazonaws.com/files/pexels-pixabay-53621.jpg" alt="" /></p> <p>With over 15 years of experience in the mortgage industry, both at a ba...</p>

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Home Loan Interest Rates New Purchase Refinancing Claire Yeo - 

<p>There are two types of home loans in the market- a HDB loan or bank loan. For HDB properties, you have the option of taking either a HDB or bank loan, but for private properties, you will only be able to get a bank loan. Aside from deciding a loan that’s best for you, the next question is often whether or not you should pay using your Central Provident Fund (CPF) savings or cash.</p> <p><strong>Note:</strong> <em>Only CPF funds from the CPF OA (Ordinary Account) can be used for home loan payments.</em></p> <p>In this article, we will cover the following:</p> <ol> <li>Using CPF For Housing</li> <li>How Much CPF Can You Use?</li> <li>Advantages of Using CPF for Ho...</li></ol>

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Home Loan Interest Rates New Purchase Refinancing WAT - What Are They Claire Yeo - 

<p>Understanding your property valuation is important when you are looking to buy or sell your current home. </p> <p><strong>Understanding Property Valuation</strong></p> <p>A property valuation is typically carried out by a licensed appraiser and is an assessment of what your property is worth.</p> <p>There are two kinds of valuations, indicative and actual valuations.</p> <p><strong>Indicative Valuations</strong> are basic estimates of a property's value. </p> <p>It is usually based on the average price of similar recently transacted properties in the same area. Both homeowners and agents can perform these valuations through simple research. </p> <p>However, these days...</p>

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Home Loan New Purchase Claire Yeo - 

<p>Singaporean buyers often overlook properties in the United States for overseas investment. A significant deterrent is that traditional retail banks typically do not offer financing options to non-residents. Consequently, many have missed out on the robust U.S. property market and its growth in recent years.</p> <p>However, there are retail banks that do provide financing options for foreigners interested in purchasing properties, presenting valuable opportunities for savvy investors.</p> <p><strong>Benefits of Buying Properties in the United States</strong></p> <p>There are many benefits when it comes to purchasing investment prop...</p>

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Interest Rates New Purchase Claire Yeo - 

<p>With more and more million-dollar HDBs popping up in the news, many might wonder how the average Singaporean can actually afford them. Beyond that, the often talked about question is: Will HDB prices continue to rise? When will be a good time to enter the market?</p> <p>In order to understand HDB trends, it's important to go straight to the beginning to understand how the Housing Development Board (HDB) came about. Created in 1960, HDB was birthed with a mission to fix the nation's housing crunch. Their mandate has always been to provide affordable, quality homes for Singaporeans.</p> <p>Looking at today's ...</p>

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Interest Rates Claire Yeo - 

<p>The U.S. Federal Reserve officials have projected not one, not two, but three interest rate cuts in 2024. This exciting development, as revealed in their latest summary of economic projections, marks a significant shift since the Federal Reserve dramatically reduced rates during the initial stages of the Covid-19 pandemic.</p> <p>Now, let's talk about how these anticipated reductions will impact homeowners like you. If you're seeking a loan or considering refinancing this year, the upcoming rate cuts will undeniably play a role. Those without mortgage lock-ins can take advantage of lower interest rat...</p>

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New Purchase Si Jie Lim - 

Will Singapore experience a recession in 2023? We share 5 points that new homebuyers will need to consider

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New Purchase Si Jie Lim - 

The property market has defied all expectations, with valuations still at an all-time high despite higher interest rates. We ask why