To buy or not to buy?

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
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sundaymorningstaple
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Post by sundaymorningstaple » Thu, 20 Jan 2011 12:32 am

Obviously not. :-|
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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carteki
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Re: To buy or not to buy?

Post by carteki » Fri, 21 Jan 2011 9:22 pm

Steve-R wrote:Your monthly mortgage will still be around $2k per month. Out of that $2k payment over half will go towards interest.
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)

InTheBlue
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Post by InTheBlue » Sat, 22 Jan 2011 7:02 pm

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.
Which explains why my friend has an income cap.......he's married to a local.

Tks SMS

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