23 Jun '11, 10pm

Banks' home loan fact sheets should do more than just state the facts, to help home buyers: Commentary

Many home buyers do not fully understand the risks when they over-stretch themselves to buy their dream home. From time to time, you hear of genuine prospective buyers who face great difficulty surmounting the higher loan-to-value ratio. If they can barely overcome the first hurdle, how much more difficulty will they have in meeting mortgage payments when interest rates shoot up? The proposal by the Monetary Authority of Singapore (MAS) for banks to issue a two-page standardised fact sheet which draws up different scenarios, so that borrowers can clearly see the impact of an interest rate rise, is more than timely. I would say it is overdue. Such a proposal should have been mooted a long time ago when the banks started to encourage borrowers to switch to floating rate housing loans. More than the "perfect storm" expected by some property experts in 2013 - where all the ing...

Full article: http://www.todayonline.com/Business/Property/EDC110624-00...

Tweets

Home loan facts should be spelled out: MAS: The...

sg.news.yahoo.com 23 Jun '11, 9am

MAS should not just focus on home loans. Banks issuing credit cards are ripping off card holders right under the nose of M...

MAS wants home loan facts spelt out: By Gabriel Chen, Finance Correspondent THE Monetary Authority of Singapore

MAS wants home loan facts spelt out: By Gabriel...

straitstimes.com 23 Jun '11, 3am

The MAS says they want banks to sit their customers down and use a fact sheet to run through the facts and figures of exac...

Standardised fact sheet on home loans soon

channelnewsasia.com 22 Jun '11, 2pm

SINGAPORE: Financial institutions should provide a fact sheet in a standardised format when marketing loans for residentia...

How to Pay for Home Energy Efficiency Upgrades ...

thedailygreen.com 23 Jun '11, 4pm

Photo: Istock related articles By Dan Shapley New York has passed the first statewide "on-bill recovery" program that will...

registration

marathonsingapore.com 23 Jun '11, 9am

Race Information About Us Race Categories Registration Fees Prize Money Rules and Regulations Registration Page Corporate ...

Security bonds encourage “xenophobia and classism” – H.O.M.E

Security bonds encourage “xenophobia and classi...

theonlinecitizen.com 24 Jun '11, 1am

I think it is a false dichotomy when we talk about local vs migrant worker rights. The reason migrant workers are preferre...

Efficient homes do more than save money and red...

hes.lbl.gov 24 Jun '11, 7pm

The Hidden Cost of Home Energy Use By improving your home's energy efficiency, you can profit in three ways: save money , ...

Save on Home Energy Efficiency Retrofits

thedailygreen.com 23 Jun '11, 6pm

Photo: Jason Smith / istock related articles By Dan Shapley Saving energy at home is one of the most important things you ...

IDENTITE 3.5 | HOME CLUB Home Club Monster Cat

IDENTITE 3.5 | HOME CLUB Home Club Monster Cat

plussixfive.com 24 Jun '11, 4am

aims to bring on different genres of local bands into a gathering experience. Always acting as a platform to escalate new ...

Local banks may be hit if there is a property m...

todayonline.com 27 Jun '11, 1am

SINGAPORE - Local banks face the risk of taking a hit if there is a downturn in the property market given their heavy expo...

property investors - go read this!!!

property investors - go read this!!!

eforericyong.blogspot.com 01 Jul '11, 7am

in properties in the Klang Valley region. I believe the Klang Valley properties will continue to be the main driver of the...

Citibank: Combine your Home Loan and your Car Loan to save interest: Did you know that you can consolidate your

Citibank: Combine your Home Loan and your Car L...

paultan.org 14 Jun '11, 5am

As you can see, in this situation you’ll end up with a cashflow savings of RM805.91. That’s quite abit of money. If you pl...

General Electric Announces Ecomagination Home C...

greentechmedia.com 23 Jun '11, 2pm

General Electric announced the second round of winners of its Ecomagination Challenge : Powering Your Home on Thursday. Th...

Facts & Storylines for the 2011 U.S. Amateur Pu...

cybergolf.com 25 Jun '11, 9pm

This is the 86th U.S. Amateur Public Links Championship. The championship has been an unqualified success since its incept...

Did you know? The online version of the Oxford ...

contactsingapore.sg 28 Jun '11, 12am

General The national anthem of Singapore, "Majulah Singapura", is sung in Malay. The Singapore Sling, a cocktail, was firs...