(17 quotes found)
“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...”
Zeng Han Jun
“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?”
“The interest rates are at its lowest point now because of the economic turmoil. People in the market are going for floating housing loans because the combination of both the teaser rate and low interest rate, result in initial rates that are irresistible. I advise against you against that ...”
“It may be a good idea to get some equity out from your property for some renovation or to fund that investment idea. Using equity from your property is much cheaper than other types of credit facilities...”
“Never assume your lender will take charge of your finance. Take a pro-active role in managing your own personal finance. It is your matter, not theirs.”
“Singapore's economic fundamentals are good. Together with such low interest rates available for mortgage financing, it makes perfect sense for real estate private equities to buy into Singapore...”
“Property prices may drop, but I do not think it will drop that fast. The consumers are more financially educated as compared to the last crisis, plus the interest rates are very low now...”
