4 Things to Consider When Taking Up a Home Loan
Posted by oscar123 on December 21st T.J. Green Youth Jersey , 2016
Looking for the best housing loan in Singapore? Consider the following:
1. Affordability of the Loan
The Total Debt Servicing Ratio (TDSR) is as a useful tool to determine the affordability of a home loan. TDSR is the proportion of one’s monthly gross income that is spent on settling debts.
In Singapore, borrowers are expected to keep their TDSR to less than 60%. For example, if one is earning a gross income of S,000 a month, then his or her total debt which includes home loans Marlon Mack Youth Jersey , credit card loans, car loans, and the like — should amount to only S,000 or less.
Therefore, an affordable housing loan is one that allows the borrower to keep his or her TDSR within the specified percentage limit.
2. Interest Rates
Interest rates can come in the form of fixed rates or floating rates. When choosing the best type of interest rate Tarell Basham Youth Jersey , it is important to pay attention not only to the interest rate being advertised upfront, but also to the cumulative interest to be paid throughout the entire loan tenure.
3. Loan Conditions
Another important consideration when it comes to home loans are the terms and conditions that come with the loan. Are there processing fees and prepayment fees that need to be paid? Are there additional privileges being offered together with the loan such as a lower interest rate on a home renovation loan?
4. Repayment Period
Typically, a longer loan tenure will result in a lower monthly instalment fee, while a shorter loan tenure will result in a higher monthly instalment fee.
Should one decide to go for a longer loan tenure, one needs to make sure that there are no major cash-flow fluctuations throughout the loan’s repayment period.
Everyone has credit cards. When you see something that you want in a store Quincy Wilson Youth Jersey , but don’t have the cash, just pull out a credit card and charge it, right? Well, not exactly.
The bank or store that you got the card from is in effect giving you a loan. Each purchase you make with that card is bought with money you are borrowing from them. This means that you will be expected to pay it back, and although you may be allowed to pay in instalments Malik Hooker Youth Jersey , it is a better bet to pay in full each month.
Your minimum payment required each month may seem quite small compared to the total amount you spent, and often this is all you are required to pay. If you don’t have much cash in the bank, that minimum payment may look quite tempting and affordable. Be warned though, this is the first step towards a dwonward spiral into debt.
If you only pay the minimum required, you will incur interest charges. This not only increases the original amount you paid for your purchase T.Y. Hilton Youth Jersey , it increases your monimum required payment. This is where people start getting into trouble. It looks easy to repay, the minimum payments are affordable, and people are easily tempted into making more credit card purchases.
So now they have several bills totaling a large amount of money that they can’t afford. Plus the credit card company is adding interest to all of the bills. The longer the bill goes unpaid, the more you will pay in interest until you owe much more money than the products were ever worth. Imagine buying a product, using it until it’s worn and throwing it out. But because you’ve only made minimum payments Andrew Luck Youth Jersey , you are still paying for a product that you no longer own.
We all need a little treat or a pick-me-up on occasion. Sometime this makes us feel better and sometimes it only fuels the fire for more spending. If the first purchase didn’t cheer you up, emptying your wallet to the last penny will only make your problems worse. It’s better to take a walk in the fresh air. If the jog doesn’t curb the urge to spend some money or treat yourself, look for sales and discounts, and buy something you’ll use!
Credit cards can be useful, but they must be used responsibly. Some people recommend keeping them for emergencies only Nyheim Hines Youth Jersey , such as unforeseen car repairs, but generally you should only buy what you can afford to repay in the same month. Pay the bills as soon as they come in, preferably the whole amount due, not just the minimum payment, and you will be able to use your credit card responsibly without getting into trouble. If you see that your cash flow is going down Tyquan Lewis Youth Jersey , curb the spending. Remember that missing payments can affect your credit record and your ability to get credit when you really need it.
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Need a stunning home? Consult an architect designer Biot
Posted by sophiamilller on February 13th, 2012
All of us know the use of an architect and an interior decorator. An architect designs the layout and blueprint of a house and an interior decorator decorates the inside of the house. But now there is a new breed of these people that can handle a house from start to finish. When you go through the profile of an architect designer Biot you will find that they work as a team. And if you are on the French Riviera then nothing other than a perfect designer French Riviera will do for you.
Let us assume that you want to have a home built in Biot. The normal procedure will be to find an architect who will lay out the plan for the house. The builders will then come and build the house. After the house is completed you will probably get in touch with an interior decorator to do the insides. But what if you got hold of someone that can do this entire job on their own? Think of the time you can save. Think of the great service they will provide you beca. Cheap Vapormax Cheap Nike Air Max Cheap Nike Air Max Cheap Nike Air Force 1 Shoes Cheap Nike Air Force 1 Ultra Cheap Nike Air Force 1 Wheat Cheap Nike Air Force 1 White Cheap Nike Air Force 1 Mens Cheap Nike Air Force 1 Mens Cheap Air Vapormax Sale
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