Refinance without tdsr concern

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Information about Refinance without tdsr concern

Published on May 7, 2014

Author: JosephineAng2



+ By Sean Lim Founder of Trusted by clients, Quoted in media

+ About Us 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, a leading home loan comparison portal in Singapore. • Click here to compare and contact us.


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