13 September 2008
26 August 2008
Terrace Houses @ Andrews Terrace - Sembawang Park
Terrace Houses @ Andrews Terrace
Brand new, TOP not later than 31 September 2008
99 lease yrs (starting from 28 Jan 2008)
Corner terrace; land 2422sq.ft, built up 4276sq.ft; asking $1.73m
Inter terrace; land 1668sq.ft, built up 4058sq.ft; asking $1.58m
3 Storeys + Attic/ roof terrace
5+1+1, with private lift. Private entertainment room, 2 family halls.
Sea view. Sembawang Park
15 August 2008
GEMS....
Today, in this competitive world, there are tens of thousands of salesmen out there. Everyone is selling the same things but everyone uses different methods. So what is it that sets these people apart from the rest? It is service that matters more than the product. Don't forget Singapore is promoting Gems - Go the Extra Mile for Service.
"Winners don't do different things. They do things differently".
11 August 2008
Er…what is a reverse mortgage?
Er…what is a reverse mortgage?
Where do you see this?
In articles on property and retirement planning.
What does it mean?
A reverse mortgage is a financial scheme that allows a property owner to use his home to obtain a sum of cash. Like a line of credit, it provides a regular stream of income.
It is the opposite of a mortgage, in which the property owner pays a monthly instalment to the financial institution in return for a loan with which to buy his home.
With a reverse mortgage, the financial institution pays the borrower, referred to as the mortgagor. The latter is charged interest on the amount he receives.
Why is it important?
A reverse mortgage is an option for those who need additional income, in particular to meet retirement needs.
To qualify, the mortgagor must own a home and attain a certain age; usually, he has to be at least 60. In addition, his home must be fully paid up.
The reverse mortgage is granted based on the age of the borrower, the prevailing value of the property, the projected property appreciation rate and the interest rate. The loan is repayable only when the property is sold, usually upon the death of the borrower, or upon the expiry of the loan term.
In the event of death, the financial institution will sell the property for the estate of the deceased. However, it may allow the children to keep the house if they can repay the loan.
In Singapore, such services are offered by NTUC Income and OCBC Bank.
So you want to use the term. Just say…
Source : Sunday Times - 10 Aug 2008
Where do you see this?
In articles on property and retirement planning.
What does it mean?
A reverse mortgage is a financial scheme that allows a property owner to use his home to obtain a sum of cash. Like a line of credit, it provides a regular stream of income.
It is the opposite of a mortgage, in which the property owner pays a monthly instalment to the financial institution in return for a loan with which to buy his home.
With a reverse mortgage, the financial institution pays the borrower, referred to as the mortgagor. The latter is charged interest on the amount he receives.
Why is it important?
A reverse mortgage is an option for those who need additional income, in particular to meet retirement needs.
To qualify, the mortgagor must own a home and attain a certain age; usually, he has to be at least 60. In addition, his home must be fully paid up.
The reverse mortgage is granted based on the age of the borrower, the prevailing value of the property, the projected property appreciation rate and the interest rate. The loan is repayable only when the property is sold, usually upon the death of the borrower, or upon the expiry of the loan term.
In the event of death, the financial institution will sell the property for the estate of the deceased. However, it may allow the children to keep the house if they can repay the loan.
In Singapore, such services are offered by NTUC Income and OCBC Bank.
So you want to use the term. Just say…
Source : Sunday Times - 10 Aug 2008
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