He said my wife and I can “afford” 2 private properties…
He sold me “Asset Progression” plan…
He said this is to prepare for my retirement…
But Look at What I Have to Pay Now!
Are You in this Situation?
- Met a real estate agent
- He convinced you that you have enough funds to buy a condo, or even 2!
- Must sell your HDB first, take up 2 different bank loans for the condos
- After the first few years, your monthly instalment with the banks suddenly increase!
3 REASONS WHY “ASSET PROGRESSION” IS AN OVER-USED MARKETING HOOK BY MANY AGENTS
1. IT’S JUST “SELLING A DREAM” BAIT
It’s nice to think you can afford two condos. But do do you know exactly the risks on the home loans that you are undertaking? If anything happens to you or your job, how about your mortgage payments? They are selling you a “BUY AND HOPE” strategy (hope that there is capital appreciation. If they are so sure, ask them to guarantee it!). Sometimes you might end up with the wrong property purchase!
2. IT’S NOT BASED ON EXPERIENCE
Most agents are not experienced bankers or finance professionals or even property investors themselves. What ASSET PROGRESSION they talking about when they have not progress onto it themselves?
3. IT’S NOT BASED ON QUALIFICATION
Minimum qualification to go the Real Estate Salesperson exams is not based on a study in finance and economics. Yes it’s not easy to pass the real estate qualification exams. However, before you proceed with your agent’s ASSET PROGRESSION PLAN (cue ROLLS EYES emoticon), check with your independent and experienced mortgage advisor whether his plans make sense.
Disclaimer: Not all agents are bad, there are some very good real estate agents out there. Our intention is to help you not be misled by too good to be true marketing hooks without understanding the liabilities and interest payments that you will be making
So… You bought in to the sell and now feeling stuck because of it?? You are not alone!
MOST PEOPLE ARE OVERPAYING ON THEIR HOME LOANS EVERY MONTH.
That’s because neither you nor your agent really know enough about bank loans.
HERE’S GOOD NEWS:
More than 90% of our clients have saved over $10,000 on their interest payments through us.
HERE’s THE TRUTH:
Owning a HDB using a HDB loan at costs you 2.6% of interest per year.
DO YOU KNOW that for the past 10 years, bank loan interest rates have been lower than HDB’s 2.6% per annum?
At one point time, the rates on some packages for the first year was even 1.00% per annum.
“Only 1%?! You mean it’s possible??”
Yes! It’s possible. And this is where we can help!
16 BANKS OFFERING OVER 100 RATES
There are over 16 banks in Singapore offering different rates with different terms and conditions (over a 100 variations) at different points in time, based market conditions. But now, you no longer have to go bank to bank to source for the latest home loan rates anymore, so you can SAVE TIME, SAVE ENERGY, MOST IMPORTANTLY SAVE MONEY on the interest you are paying on your home loan
With the right package, you can reduce your interest payments by as much as 50%.
With a 20, 25, or 30-year loan tenor, the savings can go up to 6-figures!
Best Rates Available:
WHO ARE WE?
We are a group of professionals with banking experience to help you compare over hundreds of home loan packages across 16 different banks in Singapore.
And as professionals, we’re here too:
Take away confusion on technical banking terms
Sibor? FHR? Board rates ? We’ll explain it all to you!
Help make the switch to lower rates easily
We’ll enable you to jump on a better package from another bank when rates drop!
Recommend loans you can actually AFFORD, and not just Qualify
A person earning $5,000 (with terms and conditions) can qualify for about $650,000 in loan. But can they really afford it? We’ll give you sound advise and a proper checklist.
Explain how regulations affect your mortgage qualifications
TDSR? MSR? SSD? Singapore is well known for its many abbreviations. We will help you through all these terms.
Pinpoint the best time to relook at your mortgage
We are all busy. Where got time to monitor the rates? We will do the monitoring for you!
Optimise your home purchase
Our understanding of bank loans will be able to help you ascertain if what your agent friend recommended was good for you. Sell 1 HDB buy 2 condos? Seriously?
“So How Much Will it Cost Me?”
That’s right! Our services are rendered for FREE.
No catch. No hidden fees to you. Nothing for you to pay to us.
Testimonials from Our Past Clients
For someone like me who have no financial background, securing the mortgage is the most confusing part. However, Shamir was able to explain the rates and acronyms in layman terms so that we can make the right decision. He also went out of his way to ensure that we got the best available loan at the lowest possible rate.
I am very thankful for Shamir’s professional, approachable, responsive and assistance throughout the entire mortgage process from beginning to the end. His professionalism and knowledge of the industry was impressive and truly appreciated.
– Syed Mohammad Haikal Omar Albar
Shamir did a great job at advising me on my housing finance options. He went at great lengths to explain the options and his suggestion for the best package was spot on. He was very dedicated in his job, and definitely has a vast knowledge that allows him to do his best. Most appreciatively, he was patient in dealing with all my queries and very prompt with his follow-up. My pockets are saved!
– Farah Ismail
Would You Like to Know More?
Get in touch with us by filling the form below. We will contact you as soon as possible.