Top 5 Mistakes You Should Avoid When Buying Your Home!

Top 5 Mistakes You Should Avoid When Buying Your Home!

1. Underestimate the full costs of buying a home

2. Not getting your loan pre-approved

3. Being emotional

4. Seeking mortgage advice from the real estate agent

5. It’s not all about the price

Source: 5 Common Mistakes You Should Avoid When buying Your Home

5 Common Mistakes You Should Avoid When buying Your Home How would you like to know the 5 Common Mistakes You Should Avoid When buying Your Home? This article covers som…

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INTRODUCTION TO PLEDGE & UNPLEDGEA way for the bank to increase your loan to your required amount.

Disclaimer: Everyone’s financial situation is different. Before deciding on which of the following options to take, please consult your property agent, financial advisor and mortgage broker. There are some assumptions made in this calculation.

Top 5 Mistakes Foreigners Make When Buying Condo

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1. Assuming high prices mean good amenities and a central location

In Singapore, the more accurate formula is high prices = space and privacy. It doesn’t always equate to accessibility or amenities; in fact, it could mean the opposite.

2. Assuming that older also means cheaper

Singapore has mature estates, which have been built up over a long period, and new estates, which looks like the landscape in Lord of the Rings movies. The mature estates, despite having older properties, are more desirable.

3. Using a local bank for a mortgage, and expecting perpetual fixed rates

There is no Singapore bank that provides a perpetual fixed rate home loan. In Singapore, when we say “fixed rate” we always mean for a certain amount of time only; typically three to five years. After that, the loan will revert to a floating rate.

4. Not checking the facing of the gigantic windows

If this is the first time you’re moving into a condo, or a country where it’s perpetually summer, we have a new concept for you: property facings.

5. Central locations ironically make travel slower at certain times

Singapore is a small country, with a lot of cars. During rush hour, roads in the Central Business District are more congested than a fat man’s arteries at a bacon buffet. It will no longer matter how central your property is, as your car will progress at about 60 inches per hour.

Why Decoupling And How It Works For Condo Buyers?

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What Can I Afford To Buy? Affordability calculator, Mortgages , Home Loans.

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