Published on May 7, 2014
+ REFINANCE WITHOUT TDSR CONCERN
+ By Sean Lim Founder of FindaHomeLoan.sg Trusted by clients, Quoted in media
+ About Us FindaHomeLoan.sg is Top referrer of Standard Chartered (Singapore) Limited in 2013 Your mortgage partner for property loans in Singapore, Australia, UK, Japan and many countries A home loan comparison portal in Singapore Full transparency of mortgage rates Comprehensive information Unbiased comparison Free consultation
+ Total Debt Servicing Ratio (TDSR) Framework The Monetary Authority of Singapore introduced a TDSR framework for property loans. TDSR threshold stands at 60% Read more about TDSR here
+ Lifeline for borrowers with only 1 property loan If you have only 1 property loan, you may get exemption on the 60% TDSR threshold during refinancing, provided these criteria are met:
+ Criteria for TDSR exemption The option to purchase was granted prior to 29 June 2013 the residential property is the only property (including non- residential properties) that the borrower owns, either by himself or jointly with others; the borrower is one of the occupiers of the residential property;
+ Criteria for TDSR exemption the borrower does not have any other outstanding credit facility (either in his own name or jointly with others) for the purchase of any property or the re- financing of such a credit facility, other than the residential property being re-financed; the borrower does not have any other outstanding credit facility (either in his own name or jointly with others) otherwise secured by any property, including the residential property being re-financed, or the re- financing of such a credit facility.
+ Next Steps • If you met these criteria, celebrate the good news! • Compare and refinance now at FindaHomeLoan.sg, a leading home loan comparison portal in Singapore. • Click here to compare and contact us.
+ Visit Us • Web : http://www.FindaHomeLoan.sg • Facebook: https://www.facebook.com/FindaHomeLoan • Google+ : http://goo.gl/oj09A THIS IS BROUGHT TO YOU BY FINDAHOMELOAN.SG, AN INDEPENDENT MORTGAGE COMPARISON PORTAL
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