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How much is your outstanding housing loan?


Karoon
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mortgage  

165 members have voted

  1. 1. how much left?

    • > 2 mil
      16
    • 1.5 - 2mil
      1
    • 1 -1.5 mil
      6
    • 750k - 1mil
      14
    • 500 - 750k
      12
    • 250 - 500k
      29
    • 100- 250k
      23
    • below 100k
      14
    • paid 8)
      50


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47 minutes ago, Voodooman said:

I read most banks floor the base rate at 0% or 0.1%.  

I see. In any case, 0.9% will be enough of a happy thing for me. I really doubt it benefits the whole of SG if final mortgages fall below 0.5%.

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8 minutes ago, Dp26 said:

 Cheap mortgage rates all over the banks now. 
 

should be good for most ppl

Only if you have a loan. Full cashers siam. 

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I do have a loan. Which is also coming up for refinance so I’m glad. 
 

not in the same league as some over here all full cash. 
 

a cheap loan is an instrument available, not necessarily means using it is bad... 

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On 4/26/2020 at 10:51 AM, Dp26 said:

I do have a loan. Which is also coming up for refinance so I’m glad. 
 

not in the same league as some over here all full cash. 
 

a cheap loan is an instrument available, not necessarily means using it is bad... 

Make sure you have income too.  

Dont lose your livelihood during this period.

Good luck and all the best

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28 minutes ago, Windwaver said:

Haha, most people here paid up everything 

yet money keep on flowing into our pockets, overflow liao :grin:

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33 minutes ago, Windwaver said:

Haha, most people here paid up everything :grin:

 

MCF steady poon pee pee

but outside MCF, er i dont know

Edited by Throttle2
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8 hours ago, Throttle2 said:

Make sure you have income too.  

Dont lose your livelihood during this period.

Good luck and all the best

That is so true. Most of us that are not so affluent, (meaning me only la) are almost dependent on our unearned income. 
 

but the income growth is like so slow....

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Turbocharged
On 3/4/2020 at 6:31 PM, Showster said:

Honestly, so far, I have yet to meet anyone who regrets following my advice about property and loans.

When blanja me?

now sibor is at 0.85%....

And showster, please nobody follows internet advice for million dollar housing purchase...

I am wondering if property price will go up or down... probably depends on whether rentals can maintain...

Still if loan interest rate is at 1%,  it is still insanely cheap. My interest rate has fallen by more than 50% with sibor+0.2% for this year.

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Twincharged
30 minutes ago, Wind30 said:

now sibor is at 0.85%....

And showster, please nobody follows internet advice for million dollar housing purchase...

I am wondering if property price will go up or down... probably depends on whether rentals can maintain...

Still if loan interest rate is at 1%,  it is still insanely cheap. My interest rate has fallen by more than 50% with sibor+0.2% for this year.

It’s true nobody follows internet advice blindly. But I am referring to my own circle of friends and relatives.

You have reminded me though of the heated debates we had before you (independently) made the call to buy, more atas than mine nonetheless. I am sure you can testify whether the decision was good or bad for you.

I only help trigger critical thinking based on logic and results. The forces in both directions are strong.

My prediction if I may put one is that lower quality (short leases, poor location, overly luxurious and overpriced) properties will head the dip. But by and large, good quality ones will continue the run.

Nett prediction for 2020: flat for the overall index with strong recovery in second half. Not inducement to buy. Please do own homework.

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Twincharged
37 minutes ago, Wind30 said:

now sibor is at 0.85%....

And showster, please nobody follows internet advice for million dollar housing purchase...

I am wondering if property price will go up or down... probably depends on whether rentals can maintain...

Still if loan interest rate is at 1%,  it is still insanely cheap. My interest rate has fallen by more than 50% with sibor+0.2% for this year.

And yes, my Sibor loan also below 1%. But banks no longer offer it this way. Great fortune for those who needed and believed me about interest rates.

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On 3/13/2020 at 7:46 AM, Wind30 said:

If investment property with rental is different. After rental, the amount of mortgage to be paid monthly is pretty Low... with a Super Low interest rate, u still make money assuming property prices stay flat, 

Interest rate can drop 50% but I don’t think rental will fall 50%. 

Its a crazy world out there.

who thought oil would trade negative?

You also didnt think of many things but they all happened too. 
 

i also didnt think we would hit 20,000 so quickly but we did. 
 

anyway i know you got no problem, you are very Lucky one

1FF00445-B259-49D2-BB3B-E692F3A57F45.jpeg

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Twincharged
1 hour ago, Throttle2 said:

Its a crazy world out there.

who thought oil would trade negative?

You also didnt think of many things but they all happened too. 
 

i also didnt think we would hit 20,000 so quickly but we did. 
 

anyway i know you got no problem, you are very Lucky one

1FF00445-B259-49D2-BB3B-E692F3A57F45.jpeg

Therefore, please admit to the possibility (no matter how small) that SG is at risk of soaring inflation the second we are done with managing Covid 19.

Cost of any physical goods will start to spike once again. Think 2009 to 2013.

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Turbocharged

I be clearing off my housing loan in 2 months time. The bank wrote to me to say they will charge $500 per year if to hold the title deed with them.

If not need a lawyer to "redeem" it..

What is a good option? if suay suay lost the title deed how huh?

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Turbocharged
6 hours ago, Ody_2004 said:

I be clearing off my housing loan in 2 months time. The bank wrote to me to say they will charge $500 per year if to hold the title deed with them.

If not need a lawyer to "redeem" it..

What is a good option? if suay suay lost the title deed how huh?

don't think u want to pay $500 per year. To payoff u will need a law firm to deal with the redemption. U may read more information with regard to the title deed here. Check with your law firm. 

 

I have fully paid off my housing loan. Why is my title document not released to me? (recent update)

Effective 3 Nov 2014, if you have fully paid off your housing loan and used your CPF monies to buy your property, your title document will be safe-kept at the Land Titles Registry, Singapore Land Authority (SLA) after the mortgage is discharged pursuant to an arrangement with CPF Board under the Paperless Title Scheme.




https://www.ifaq.gov.sg/sla/apps/fcd_faqmain.aspx?qst=hRhkP9BzcBImsx2TBbssMsxu7lqt6UJK70a1wAEVmyc6gB58F5hDhsZHcyD1XDrrcudownisfgsETZIcon%2FFZRD7t1QCVS9IOv%2FD5V02MO2eO9yjZJMKYYpcZgeBImHd7LF05wn8kwP3gydd3IfnYUJm3vERbRcZGRD0eDjRFFLdxcrEKQeus2h8KVyvDSolO30b8szfF2WWyHUBbUY1Y8ClSFU430g0Zh5uhePopCw%3D#FAQ_100979

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