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! Pick up unique pottery and ceramics at Portugal’s traditional artisan markets. 2. Participant … [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...]
The common traits of banks
If you understand something about banks, you may notice that they have a few common traits: 1. When you least think of them, they contact you most (with cold calls). 2. When you don’t want to see them, they want to reach you (to collect outstanding loan). 3. When you need them the least, they want to lend you the most. 4. When you need them the most, they want to lend you … [Read more...]