Dennis Helps Making Sense of Housing Loans...
We highlight in Blue the comments by Dennis Ng of www.HousingLoanSG.com for your easy reference.
Get a package that matches your income profile and appetite for risk
Home buyers were recently advised not to throw caution to the wind in their anticipation of fulfilling the Singapore dream of snapping up a private unit.
The Monetary Authority of Singapore (MAS) earlier this month flagged two scenarios in which the private property sector could falter. Lately, it has levelled off somewhat, after a strong rebound.
MAS warned that property buyers could not assume that interest rates on home loans will stay at their current rock bottom levels indefinitely.
