http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/ Wed, 08 Feb 2012 04:44:12 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/#comment-382 Alvin Wed, 06 Oct 2010 11:53:24 +0000 http://www.bigfatpurse.com/?p=1931#comment-382 I am not an expert in this area. But unlikely you can get a housing loan. It should be a construction loan. I am not an expert in this area. But unlikely you can get a housing loan. It should be a construction loan.

]]> http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/#comment-1850 Alvin Wed, 06 Oct 2010 11:53:24 +0000 http://www.bigfatpurse.com/?p=1931#comment-1850 I am not an expert in this area. But unlikely you can get a housing loan. It should be a construction loan. I am not an expert in this area. But unlikely you can get a housing loan. It should be a construction loan.

]]> http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/#comment-381 JJ Wed, 06 Oct 2010 10:49:25 +0000 http://www.bigfatpurse.com/?p=1931#comment-381 Thank you Alvin for the reply. I am buying to stay. Actually someone suggested a new idea to me today : Build an extension to my parent's house and use it like an apartment, a little like a garage conversion in the US. PSF it will work out for cheaper than buying a tiny apartment elsewhere. My new question (if you don't mind) is if we take a loan from the bank to build this, can it be a housing load (re-mortgaging my parent's bungalow) rather than a construction loan? Since the interest rate for housing loan is so much lower? Thanks very much! Thank you Alvin for the reply. I am buying to stay. Actually someone suggested a new idea to me today : Build an extension to my parent’s house and use it like an apartment, a little like a garage conversion in the US. PSF it will work out for cheaper than buying a tiny apartment elsewhere. My new question (if you don’t mind) is if we take a loan from the bank to build this, can it be a housing load (re-mortgaging my parent’s bungalow) rather than a construction loan? Since the interest rate for housing loan is so much lower?
Thanks very much!

]]> http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/#comment-1849 JJ Wed, 06 Oct 2010 10:49:25 +0000 http://www.bigfatpurse.com/?p=1931#comment-1849 Thank you Alvin for the reply. I am buying to stay. Actually someone suggested a new idea to me today : Build an extension to my parent's house and use it like an apartment, a little like a garage conversion in the US. PSF it will work out for cheaper than buying a tiny apartment elsewhere. My new question (if you don't mind) is if we take a loan from the bank to build this, can it be a housing load (re-mortgaging my parent's bungalow) rather than a construction loan? Since the interest rate for housing loan is so much lower? Thanks very much! Thank you Alvin for the reply. I am buying to stay. Actually someone suggested a new idea to me today : Build an extension to my parent’s house and use it like an apartment, a little like a garage conversion in the US. PSF it will work out for cheaper than buying a tiny apartment elsewhere. My new question (if you don’t mind) is if we take a loan from the bank to build this, can it be a housing load (re-mortgaging my parent’s bungalow) rather than a construction loan? Since the interest rate for housing loan is so much lower?
Thanks very much!

]]> http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/#comment-380 Alvin Tue, 05 Oct 2010 15:13:01 +0000 http://www.bigfatpurse.com/?p=1931#comment-380 Are you buying to stay or buying for investment? If for the latter, I would not buy now. They can take a loan on their existing property if they want to. Are you buying to stay or buying for investment? If for the latter, I would not buy now. They can take a loan on their existing property if they want to.

]]> http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/#comment-1848 Alvin Tue, 05 Oct 2010 15:13:01 +0000 http://www.bigfatpurse.com/?p=1931#comment-1848 Are you buying to stay or buying for investment? If for the latter, I would not buy now. They can take a loan on their existing property if they want to. Are you buying to stay or buying for investment? If for the latter, I would not buy now. They can take a loan on their existing property if they want to.

]]> http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/#comment-379 JJ Tue, 05 Oct 2010 14:16:09 +0000 http://www.bigfatpurse.com/?p=1931#comment-379 Hi Alvin, I'd like to ask you a question. My parents own and live in a fully-paid up bungalow in the East that is valued at around $5 million. They are asset rich but not cash rich and as much as they would like to, they are unable to help me with a 20% cash down payment for a condo I am looking to buy. They are still working. Can they take a housing loan of only $500 000 on their bungalow? Taking advantage of the really low housing interest rates now? Thanks Hi Alvin, I’d like to ask you a question. My parents own and live in a fully-paid up bungalow in the East that is valued at around $5 million. They are asset rich but not cash rich and as much as they would like to, they are unable to help me with a 20% cash down payment for a condo I am looking to buy. They are still working. Can they take a housing loan of only $500 000 on their bungalow? Taking advantage of the really low housing interest rates now? Thanks

]]> http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/#comment-1847 JJ Tue, 05 Oct 2010 14:16:09 +0000 http://www.bigfatpurse.com/?p=1931#comment-1847 Hi Alvin, I'd like to ask you a question. My parents own and live in a fully-paid up bungalow in the East that is valued at around $5 million. They are asset rich but not cash rich and as much as they would like to, they are unable to help me with a 20% cash down payment for a condo I am looking to buy. They are still working. Can they take a housing loan of only $500 000 on their bungalow? Taking advantage of the really low housing interest rates now? Thanks Hi Alvin, I’d like to ask you a question. My parents own and live in a fully-paid up bungalow in the East that is valued at around $5 million. They are asset rich but not cash rich and as much as they would like to, they are unable to help me with a 20% cash down payment for a condo I am looking to buy. They are still working. Can they take a housing loan of only $500 000 on their bungalow? Taking advantage of the really low housing interest rates now? Thanks

]]> http://www.bigfatpurse.com/2009/11/enjoy-cash-flow-and-capital-gain-from-property/#comment-378 Enjoy Cash Flow and Capital Gain from Property | TheFinance.sg Sun, 06 Dec 2009 08:51:40 +0000 http://www.bigfatpurse.com/?p=1931#comment-378 [...] In high inflationary period, money will lose value very fast. Hence, people will flock for hard assets like commodities. People who hold on to properties benefit too because the value of their house will skyrocket. If the gurus’ prediction of the coming high inflationary period is correct, owning hard assets should at least protect your net worth as the value of your assets should rise in tandem with the rate of inflation. If you think that the US dollar collapsing is none of Singapore’s problem, you may want to think twice. Monetary of Singapore has just announced they will use measures to make sure SGD/USD will not go below 1.38. Hence, if USD devalues and SGD has to maintain that exchange rate, SGD will have to devalue as well. Read more… [...] [...] In high inflationary period, money will lose value very fast. Hence, people will flock for hard assets like commodities. People who hold on to properties benefit too because the value of their house will skyrocket. If the gurus’ prediction of the coming high inflationary period is correct, owning hard assets should at least protect your net worth as the value of your assets should rise in tandem with the rate of inflation. If you think that the US dollar collapsing is none of Singapore’s problem, you may want to think twice. Monetary of Singapore has just announced they will use measures to make sure SGD/USD will not go below 1.38. Hence, if USD devalues and SGD has to maintain that exchange rate, SGD will have to devalue as well. Read more… [...]

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