Obtaining financing is a crucial factor in condo investment. Luckily, in Singapore, there are numerous mortgage choices available. However, it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework, which restricts the amount of loan an individual can take based on their income and current debt responsibilities. Familiarizing oneself with the TDSR and seeking guidance from financial advisors or mortgage brokers is essential for investors looking to make informed financing decisions and avoid over-leveraging. For those interested in urban living, being well-informed about financing options is a key step in the condo investment process.
One of the key elements of homeownership in a city is obtaining a mortgage. A mortgage is a loan provided by a lender, typically a bank or financial institution, to help individuals purchase a home. The borrower then makes monthly payments towards the loan amount, with interest, until the loan is …