Budgeting For A Home Within Your Means

Publisher : Peggy Chan - Institute for Financial Literacy

Course Language : English

This course is a continuation from a previous course untitled Understanding The Costs Of Buying A Home.

We will be looking at how to calculate the costs of buying a home in Singapore. This includes:

• Options Fees
• LTV Limit & Downpayment
• Buyer's Stamp Duty
• Mortgage Stamp Duty
• Disbursement of Loan

After that, you will learn how to assess your own resources to know how much you can afford:

• Using your Sales Proceeds
• CPF Ordinary Account
• CPF Housing Withdrawal Limits
• Buying A Second Property
• Maximum CPF that can be used

Finally, we will see how to decide on a appropriate home that you can afford.