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Whats is MSR (mortgage servicing ratio) for private houses?

I am PR, planning to buy a private resale house, wondering what would be my monthly mortgage repayment limit and loan tenure.
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3 Answers

Dear Sir/Mdm,

If you are planning to buy a private house, the banks will compute your Total Debt Servicing Ratio (TDSR),considering your other debts. Previously is it known as the Debt Servicing Ratio (DSR). At the same time, banks will be using Income-Weighted Average Age to determine loan tenure. These two components may affect the loan amount that you might get.

As I am unsure of the type of private houses you are looking at, you might want to take note that there is a 5% ABSD for 1st Property for PR.

To assist you, I would be glad to meet you and share with you more on your mentioned queries and to see how I can assist you further.

Feel free to contact me anytime. Have a great day.

Thank you.

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Hi

You may like to speak to a banker first, and apply for loan eligibility. And at the same time, you would have all the query answered by he or she.

Pls feel free to let me know if you would like to have any banker's contact or any other assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

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