“Singapore Property Price Index has hit a high of 140+ but economic fundamentals are entirely different from the last Asian Financial Crisis. Real estate investors advised to be cautioned with buying and might be a good idea to refinance mortgage debts...”
Zeng Han Jun
“A good measure of debts can help you in achieving your goals. However, an over dosage can produce nasty problems in the future...”
“If you are lagging behind in your housing loan payments due to some financial reasons, do not avoid the problem and call up your bank to negotiate the payment terms...”
“You should not leave your housing loan aside after getting it. Learn to keep track of it every six months, or retain an advisor, such as a mortgage consultant or broker who can help you to do it. You will realize you can save quite a large sum of money throughout your loan tenure.”
““Yes, you can save money by refinancing. However it is actually a waste of your money if you refinance too often, therefore it is always wise to have your personal mortgage consultant or broker to advise you, to prevent you against that...””
“Your home loan may be the largest ticket item of your life. It is therefore logical and sensible to pay the most attention to it.”
“Leveraging on debts is definitely a useful method for gaining more wealth. The issue is, do you have your own set of risk management system to ensure you do not take on more debts than needed?”
