Category Archives: General

Seller Stamp Duty (SSD) – Residential Properties

This is a tax which IRAS will levy on the selling price (or valuation whichever is higher) of the property when you sell it within the “minimum holding period” to deter property flipping.         The Date of Purchase is based on (not the date of issuance for OTP or S&P) Exercised Date of […]

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3 things to look out for when renting a car in Singapore

As the festive season of Chinese New Year (CNY) is approaching, some of you may be pondering whether to rent a car for the CNY week given the high cost of owning a car in Singapore. Car rental companies are aggressively promoting their CNY rental packages and you may be busy scouring car rental rates […]

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What is HPS?

You have been hearing from your friends, colleagues, family and relatives that you need to buy this HPS when you buy a HDB flat from the resale market or direct from HDB. so what is HPS exactly? HPS is a Mortgage Reducing Term Assurance (MRTA) which HDB called it Home Protection Scheme.  This is a plain […]

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Guide to loan eligibility for HDB purchase

Be it BTO or buying from resale market, knowing how much you can borrow makes your HDB purchase planning much easier and you can also avoid costly mistakes. Bank HDB loan eligibility is based on MSR (Mortgage Servicing Ratio) 30% and TDSR (Total Debt Servicing Ratio) 60%. Maximum loan tenure is capped at age 65 […]

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Gold! is it a good investment?

I’m sure most of us are rather clueless about buying gold other than hearing from our old folks that people should always buy pure gold rather than white gold or diamonds. The idea of buying gold would probably first pop up when someone or yourself is getting married. So let’s first understand the type of gold commonly sold […]

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UOB is the latest bank to offer Mortgage Loan pegged to Fixed Deposit Rate

Since 2007, the mortgage market is dominated by mainly Sibor/SOR, Fixed Rate and board rate package. In 2014, DBS is the first bank to offer mortgage loan package pegged to their fixed deposit rate (FHR). In late 2015,  OCBC launched their own version called FDMR36. So how does this type of rate works? When DBS first launched […]

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DBS FHR has increased in Jan 2016!

A Happy 2016 to you guys! Here is the first mortgage news update of the year. DBS FHR is increasing for the first time since its inception in 2014. Tip:  What is DBS FHR? DBS customers on the FHR home loan packages have been receiving letters from the bank informing them about the upcoming increase in their FHR rates. […]

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Hello world!

Welcome to MyMortgage.sg. We are still in the midst of setting up the site to bring new features to you! If you would like to see some features on the website, do send us a message! Stay tuned!   MyMortgage.sg Team  

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