Lawrence Ignatius Lim Chin Hong
Senior Reality Advisor/Team Manager
KF PROPERTY NETWORK PTE LTD
KF PROPERTY NETWORK PTE LTD
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Agent Info
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Agent Details
Introduction
Real Estate is my next life. With more than 30 years of Sales and Marketing working experience with various functions, locally and overseas
in a Multi National Oil Company.
I'm now a full time Senior Reality Advisor/Team Manager with sufficient years of experience
and proven track record. I work with the buyer, seller and investors. My first priority is you "The Client". It is particularly valuable you
work with someone you can certainly afford.
I work hard to ensure that I deserve your confidence and keep you informed of the status
of the transaction and guild you along the way.
Buying, Selling and Investing is one of the biggest gamble in your life.
Property investment is probably one of the
most conspicuous forms of investments you
would do in your life.
The right choice can give you wealthier,
and the wrong one could kill you in a financial crisis.
Buying property for investment is different from your first home. When you take your first home,
it can be a compelling purchase because of your strong desire to accept and live in the property, However, when it comes to property investment,
you have to bear in mind that you are most
likely not going to stay there, You risk
because you need to optimize your financial resources to create more wealth. Therefore,
you have to be cautious and leave your emotions
at the door.
There are 7 factors attributed to a successful property investment, according to experts. To promote your memorizing ability, these factors
are presented to use the word "SUCCESS".
1. Set your Intention.
2. Understand the Market.
3. Calculate your Estimate.
4. Check the Site.
5. Evaluate the Options.
6. Search with a Clear Mind.
7. Seize the Opportunity.
Following the traditional method of "SUCCESS', your risk in capital investment will be minimized.
Choosing Suitable Housing Loan-
What you need to know before buying your home.
Buying a home is one of the biggest purchases
you will make in your lifetime, so it's
necessary to do your homework before you apply
for that loan.
Prepare in advance
You must pay at least 1 per cent of the purchase price in exchange for an option to purchase.
After that, you have 14 days to decide whether
to proceed with the transaction and pay the balance of 4 per cent for a completed property
or 5 per cent for one under construction and 15 per cents eight weeks later.
At this point, consult a mortgage professional about financing. Mortgage documentation takes about 10 to 12 weeks to complete, so register early.
Note that most banks charge a cancellation fee of up to 1.5 per cent on the loan amount if you pull out then.
Banks determine the maximum loan amount by applying a debt servicing ratio of between 30 and 35 per cent of your monthly income.
Therefore, your total monthly compensation should not exceed this ratio when compared to your monthly income. Other commitments, such as a car loan, will be taken into consideration as part of your monthly commitments.
Select your mortgage tenure
Generally, the maximum loan tenure is 35 years, but it depends on the borrower's age. In the case of joint applicants, the maximum tenure will be based on the age of the youngest borrower as long as the loan tenure plus the time of the youngest borrower does not exceed 70 years on loan maturity.
For example, if a borrower wanted to determine the most loan tenure of 35 years, he must not be more than 35 years old.
Here, are some useful tips:
Choose the right combination according to your needs
Most banks show three types of home loan packages: fixed-rate, variable-rate and market-pegged packages.
It is essential to understand your needs and intentions before you decide which package suits you.
A fixed-rate package is suitable for those who want peace of mind as during the fixed-rate period, there will be no cost volatility.
It is not recommended if you need to make a partial prepayment or maximum payment during this stage as there will be penalties.
A variable-rate package is one where the price is pegged against the bank's recommendation or board rate. This allows the borrower to make prepayments.
If you have a complete understanding of market-pegged rates and you do not mind rate movements, go for the market-pegged package.
The rate offered by banks in Singapore is effectively pegged to the Singapore Inter Bank Offer Rate (Sibor).
It also allows you to make loan prepayment without penalty for no lock-in packages on specific rollover dates.
Get mortgage insurance for protection
Mortgage insurance - or Mortgage Reducing Term Assurance - covers the home loan equity in the event that the borrower dies or is totally and permanently disabled.
Although not compulsory, it is recommended. If an adverse event, strikes the loan repayments, will be covered with the insurance.
Have pains in your repayments? Talk to your bankers. Late charges or nonpayment penalties are but a disincentive for nonpayments. More importantly, immediately seek help in managing a delinquent debt.
Banks aim to help customers achieve through such difficult times. It might include allowing customers to pay only the interest portion of the loan for a short period, stretching the loan period so as to reduce the monthly repayment amount.
Help might also occur in the form of allowing borrowers to include a additional loan candidate to improve the initial loan.
It is not in the bank's interest to foreclose on home loans. We encourage customers who have loans to pay off and are close to running into the risk of not being able to make payments, to talk to their bank officers before their condition gets worse.
Offer a FREE an instant 20-30 page customized market information for Buyers, Owners and Investors.
Will Package Bank Loan Services together with FREE Report. NO Obligation.
For more info, click on the following links:
http://lawrence.lim.virtualhomes.sg
Call +65 9711 0888 or email me: lawrencexlim@gmail.com
HAVE A NICE DAY............................
These particulars do not constitute any part of, an offer or a contract. All statements contained in these particulars as to the property are made without responsibility on the part of Knight Frank Property Network Pte Ltd, the Owner or the Sales Person.
in a Multi National Oil Company.
I'm now a full time Senior Reality Advisor/Team Manager with sufficient years of experience
and proven track record. I work with the buyer, seller and investors. My first priority is you "The Client". It is particularly valuable you
work with someone you can certainly afford.
I work hard to ensure that I deserve your confidence and keep you informed of the status
of the transaction and guild you along the way.
Buying, Selling and Investing is one of the biggest gamble in your life.
Property investment is probably one of the
most conspicuous forms of investments you
would do in your life.
The right choice can give you wealthier,
and the wrong one could kill you in a financial crisis.
Buying property for investment is different from your first home. When you take your first home,
it can be a compelling purchase because of your strong desire to accept and live in the property, However, when it comes to property investment,
you have to bear in mind that you are most
likely not going to stay there, You risk
because you need to optimize your financial resources to create more wealth. Therefore,
you have to be cautious and leave your emotions
at the door.
There are 7 factors attributed to a successful property investment, according to experts. To promote your memorizing ability, these factors
are presented to use the word "SUCCESS".
1. Set your Intention.
2. Understand the Market.
3. Calculate your Estimate.
4. Check the Site.
5. Evaluate the Options.
6. Search with a Clear Mind.
7. Seize the Opportunity.
Following the traditional method of "SUCCESS', your risk in capital investment will be minimized.
Choosing Suitable Housing Loan-
What you need to know before buying your home.
Buying a home is one of the biggest purchases
you will make in your lifetime, so it's
necessary to do your homework before you apply
for that loan.
Prepare in advance
You must pay at least 1 per cent of the purchase price in exchange for an option to purchase.
After that, you have 14 days to decide whether
to proceed with the transaction and pay the balance of 4 per cent for a completed property
or 5 per cent for one under construction and 15 per cents eight weeks later.
At this point, consult a mortgage professional about financing. Mortgage documentation takes about 10 to 12 weeks to complete, so register early.
Note that most banks charge a cancellation fee of up to 1.5 per cent on the loan amount if you pull out then.
Banks determine the maximum loan amount by applying a debt servicing ratio of between 30 and 35 per cent of your monthly income.
Therefore, your total monthly compensation should not exceed this ratio when compared to your monthly income. Other commitments, such as a car loan, will be taken into consideration as part of your monthly commitments.
Select your mortgage tenure
Generally, the maximum loan tenure is 35 years, but it depends on the borrower's age. In the case of joint applicants, the maximum tenure will be based on the age of the youngest borrower as long as the loan tenure plus the time of the youngest borrower does not exceed 70 years on loan maturity.
For example, if a borrower wanted to determine the most loan tenure of 35 years, he must not be more than 35 years old.
Here, are some useful tips:
Choose the right combination according to your needs
Most banks show three types of home loan packages: fixed-rate, variable-rate and market-pegged packages.
It is essential to understand your needs and intentions before you decide which package suits you.
A fixed-rate package is suitable for those who want peace of mind as during the fixed-rate period, there will be no cost volatility.
It is not recommended if you need to make a partial prepayment or maximum payment during this stage as there will be penalties.
A variable-rate package is one where the price is pegged against the bank's recommendation or board rate. This allows the borrower to make prepayments.
If you have a complete understanding of market-pegged rates and you do not mind rate movements, go for the market-pegged package.
The rate offered by banks in Singapore is effectively pegged to the Singapore Inter Bank Offer Rate (Sibor).
It also allows you to make loan prepayment without penalty for no lock-in packages on specific rollover dates.
Get mortgage insurance for protection
Mortgage insurance - or Mortgage Reducing Term Assurance - covers the home loan equity in the event that the borrower dies or is totally and permanently disabled.
Although not compulsory, it is recommended. If an adverse event, strikes the loan repayments, will be covered with the insurance.
Have pains in your repayments? Talk to your bankers. Late charges or nonpayment penalties are but a disincentive for nonpayments. More importantly, immediately seek help in managing a delinquent debt.
Banks aim to help customers achieve through such difficult times. It might include allowing customers to pay only the interest portion of the loan for a short period, stretching the loan period so as to reduce the monthly repayment amount.
Help might also occur in the form of allowing borrowers to include a additional loan candidate to improve the initial loan.
It is not in the bank's interest to foreclose on home loans. We encourage customers who have loans to pay off and are close to running into the risk of not being able to make payments, to talk to their bank officers before their condition gets worse.
Offer a FREE an instant 20-30 page customized market information for Buyers, Owners and Investors.
Will Package Bank Loan Services together with FREE Report. NO Obligation.
For more info, click on the following links:
http://lawrence.lim.virtualhomes.sg
Call +65 9711 0888 or email me: lawrencexlim@gmail.com
HAVE A NICE DAY............................
These particulars do not constitute any part of, an offer or a contract. All statements contained in these particulars as to the property are made without responsibility on the part of Knight Frank Property Network Pte Ltd, the Owner or the Sales Person.
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