Asset-based mortgages offer a path to home ownership for people who could not provide regular income proof, and have to rely on their net worth to demonstrate their repayment ability. This article explains key points to note when applying for an asset-based mortgage, and when preparing a budget for buying a home.
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Following the announcement of the 2024-25 Budget Address, no Special Stamp Duty (SSD), Buyer’s Stamp Duty (BSD) or New Residential Stamp Duty (NRSD) needs to be paid for any residential property transactions starting from 28th February 2024. In other words, whether you are a local or first-time homebuyer or not, everyone pays the same amount of stamp duty.
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Home purchasing made simple for first-time buyers – here is a roadmap outlining the key steps to purchasing a home. You can find everything from budgeting, site visits and signing the provisional agreement to applying for a mortgage, receiving the keys and taking possession of the property, along with tips on the documents and funds required.
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When applying for a mortgage, in addition to the owner, other parties can take up the role of borrowers or guarantors. This article covers the dierent obligations of each role and the impact on their future borrowing capacity.
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When applying for a mortgage loan, you may notice there are HIBOR-based, prime-based and fixed-rate plans. What are the differences, and how do you choose between them to suit your budget and save interest? What are the key points to consider in a changing economic environment?
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With a deposit-linked mortgage repayment plan, home owners can earn higher deposit interest to offset part of their mortgage interest expense. Do you know that, along with borrowers, other related parties can be qualified to enjoy a higher deposit as well?
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Home owners can take advantage of property value appreciation to cash out money. This article provides some tips on how to cash out wisely using lower interest rates.
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Wonder how much of a down payment is needed to buy your desired property? Here we will explain the loan-to-value (LTV) ratio and debt-to-income (DTI) using different scenarios, with analysis on the points to note for different income types.
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8 steps to help you through the process of buying a property and applying for a mortgage
Learn moreRead our checklist for documents required for your mortgage application.
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