When it comes to investing in a condo, securing proper financing is crucial. Fortunately, Singapore provides a variety of mortgage options, including those from mortgage providers. However, it is important to be familiar with the Total Debt Servicing Ratio (TDSR) framework, which imposes a limit on the amount of loan a borrower can acquire based on their income and existing debt obligations. By understanding the TDSR and seeking guidance from financial advisors or mortgage brokers, investors can make well-informed decisions regarding their financing and avoid becoming over-extended.
Additionally, it’s important to keep in mind any additional costs such as maintenance fees and taxes when calculating potential rental yield. To ensure a successful condo investment, it is crucial to carefully consider the rental yield and ensure it is in line with expectations. This can help investors make informed decisions and ensure a profitable return on their investment. As such, conducting …
