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To buy or not to buy?
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sundaymorningstaple
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Singapore Property Search
Re: To buy or not to buy?
Suggest you check you calculations - or refinance as you're paying way TOO MUCH interest - currently the interest is about 30 - 40% of the monthly repayment (and that is at the BEGINNING of the loan)Steve-R wrote:Your monthly mortgage will still be around $2k per month. Out of that $2k payment over half will go towards interest.
Which explains why my friend has an income cap.......he's married to a local.sundaymorningstaple wrote:The income cap are for Singaporeans buying new flats from HDB (Only eligible to PR's if one spouse is a Citizen).
If buying a resale flat from the open market, not subject to income caps UNLESS taking the mortgage loan from HDB.
Tks SMS
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