Investing in a condo is a significant decision, and financing plays a crucial role in this process. In Singapore, there are various mortgage options available; however, it is vital to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, considering their income and existing debt obligations. To make informed decisions about financing, it is crucial to understand the TDSR and seek guidance from financial advisors or mortgage brokers. This will help investors avoid over-leveraging and make the best use of their Singapore Projects.
Singapore Realtors Inc (SRI) has recently signed a memorandum of understanding (MOU) with Redbrick Mortgage Advisory to strengthen the capabilities of their salespersons. This collaboration aims to provide SRI agents with advanced mortgage training and resources, enabling them to guide homebuyers more effectively in their financing decisions.
According to Redbrick CEO Eugene Huang, this partnership will empower SRI salespersons to become trusted advisors who can offer customized financing solutions to their clients. With Redbrick’s expertise in mortgage strategies and understanding of the market, homebuyers can make more informed and confident decisions.
Under the MOU, SRI agents will also have access to mortgage rate information from over 15 financial institutions, which is updated regularly to reflect changes in the market. SRI CEO Thomas Tan believes that this real-time data will enable their salespersons to provide clients with the most up-to-date financing options efficiently.
This collaboration between SRI and Redbrick will further enhance the level of service and expertise provided by SRI agents, ensuring that homebuyers receive the best possible guidance in their property transactions. As a result, clients can expect a smoother and more informed home buying experience.