MAS Singapore Housing Loan Rules
Overview
Property loans can be large, long-term liabilities for most individuals and households. Maximum limits on loan tenures and amounts help to ensure that borrowers don’t overstretch themselves when purchasing property.
Rules are set for financial institutions (FIs) on housing loans, including maximum limits on loan tenure, loan-to-value ratio, mortgage servicing ratio and total debt servicing ratio.
To understand more on the MAS rules on Singaporehousing loan for private housing and HDB, CLICK HERE
Confused and Worry about how TDSR/MSR will affect your mortgage loan ?
Are you turning 55 years old soon and are unsure how your CPF and mortgage loan will be affected if you were to make changes to your property portfolio now?
Mortgage interest rates will increase gradually and will not stay low.
When is it a good time to review and refinance your mortgage loan to AVOID OVERPAYING too much interest?
Many do not know that refinancing at the WRONG TIMING will cost them extra charges.
Review your mortgage loan and refinance at the RIGHT TIME with the RIGHT BANK that is best suited based on your profile.