房屋抵押贷款全攻略(全英语)(更新What is Bad Credit?)

雨茜

<p><font face="Verdana" color="#da2549"><strong><font color="#000000">To </font>老鼠爱小米：</strong><font color="#9900ff"><strong>谢谢！会努力的~只是速度慢慢爬而已... ...　</strong></font><font color="#000000">[em01]</font></font></p><p><font face="Verdana" color="#61b713"><strong><font color="#000000">To</font> applejudy: </strong><font color="#9900ff"><strong>我会一点点慢慢做的。</strong></font><font color="#000000">[em07]</font></font></p><p><font face="Verdana" color="#61b713"><strong><font color="#000000">To</font> fengxiaowo: </strong><font color="#9900ff"><strong>公司培训咯~ 没有什么大学是教这些的。</strong></font><font color="#000000">[em05]</font></font></p><p><font face="Verdana" color="#61b713"><strong><font color="#000000">To</font> DongTing: <font color="#9900ff">嘿嘿~ 我会加油的</font>！</strong><font color="#000000">[em04]</font></font></p><p><font face="Verdana" color="#61b713"><strong><font color="#000000">To</font> 咖喱咖喱: </strong><font color="#9900ff"><strong>有下文啦！慢点而已~ 没想到你会看呢！</strong></font><font color="#000000">[em31]</font></font></p>

rainbow

楼主加油，会经常来支持你的~[em08][em08][em08]

yibei

<p>LZ辛苦了，支持~~~</p>

荷叶圆圆

帮顶！

飘漂

<p>楼主你是IFA吧，，支持一个，，，加油</p><p>好像你们公司离我们公司还挺近的。。。呵呵</p>

雨茜

<h4>上接 <a href="http://bbs.sgchinese.com/dispbbs.asp?boardid=194&amp;id=1027215&amp;star=1&amp;page=1">http://bbs.sgchinese.com/dispbbs.asp?boardid=194&amp;id=1027215&amp;star=1&amp;page=1</a></h4><h4>Q: What is a Bridging Loan?</h4><p>A: A Bridging Loan is an interest servicing short term loan (up to 6 months) to help bridge over the period between the completion of purchase of a new property and the reciept of proceeds from the sale of an existing property. All bridging loans can only be released subject to evidence of confirmed sale of an existing property and the residual sale proceeds being sufficient to repay the bridging loan.</p><p>Interest starts accruing on a daily basis from the moment the loan is disbursed and remains outstanding. The borrower must service the interest every month until full repayment of the bridging loan by the due date.</p><h4>Q What is the maximum quantum for a Bridging Loan?</h4><p>A: The maximum amount of bridging loan to be granted cannot exceed the residual proceeds from sale of the existing property. However, the approved bridging loan amount to be granted is determined by the FI's credit guidelines.</p><h4>Q What is the interest charged on the Bridging Loan?</h4><p>A: Bridging loans being of short term tenure and on interest servicing, interest rates are generally higher than the term loan.</p><h4>Q What is a Construction Loan?</h4><p>A: A Construction Loan is granted for the sole purpose of financing the construction of a new property, or reconstruction, add/alteration of an exisiting property.</p><p>For Construction Loans, some FIs have a rule that the reconstructed property must not be more than 2 units and at least 1 of the units is owner occupied.</p><h4>Q What is an Overdraft?</h4><p>A: An Overdraft is a credit facility on revolving basis which may be secured by mortgage of a property. Overdrafts may be obtained from FIs for various purposes, besides financing the purchase of a new property. If a property is unencumbered (ie. fully paid up), it can be mortgaged to a FI for an overraft line for other investment purpose. All overdrafts is subject to review on annual basis and repayable in full upon demand, The annual review is carried out primarily to assess the security ratio and conduct of the account.</p><h4>Q What is the interest charged on an Overdraft facility?</h4><p>A; Different FIs have their own rates; however, most FIs current rates hover between their prime lending rate + 1% and prime + 2%. It is advisable to check with the respective FIs for the exact rate.</p><h4>Q: What is a 5th charge term loan?</h4><p>A: A 5th Charge Term Loan is an extra loan that is normally taken for general purposes. This type of loan has to be secured against a mortgaged property. The property being mortgaged may or may not have existing loans secured against it. What ever the circumstances may be, the borrower should always speak to the respective FI to inquire further as to his eligibility.</p>

[此贴子已经被作者于2007-10-8 20:34:27编辑过]

雨茜

<h4>Q What is Credit Bureau (Singapore) Pte Ltd (CBS) search and how does it affect you?</h4><p>A: Information on CBS is as follows:</p><ol><li>This search reveals your credit history and commitments to participating FIs, including personal details and employment records. These include repayment history, repayment habits, cash advances from credit facilities, and conduct of account.</li><li>It also reflects the number of times other FIs have made enquiries to process the same loan application.</li><li>CBS will also provide historical information on other types of loan application by you: CREDIT CARDS, CARLOANS, UNSECURED LINE OF CREDIT, PERSONAL LOANS, HOUSING LOANS, OVERDRAFT FACILITIES, etc. As long as there is an application, it will be reflected, regardless if it has been approved or declined.</li><li>For the purpose of a home loan application, it may reflect badly on you if you are concurrently making multiple applications for the same home loan to different FIs.</li></ol><p>In Short, an individual's private records such as credit payment history, credit card details, associated car, home and personal loans are kept in CBS. Other information includes:</p><ul><li>Basic personal information</li><li>Records of all credit checks made on you</li><li>Latest 12 month cycle of repayment trends showing promptness of repayments relative to your due dates ( no amounts showing)</li><li>Record of defaults ( if any )</li><li>Bankruptcy record ( if any )</li><li>Bad debts written off ( if any )</li><li>Legal suits ( if any )</li></ul><h4>Q What does the Quest Line Search Reveal?</h4><p>A: It reveals litigation suits lodged against the applicant, including those by other organizations like telephone companies, power supply, etc.</p><h4>Q How is the Debt Servicing Ratio (DSR) calculated and how is it used to determine the loan quantum?</h4><p>A: DSR is the percentage of the borrower's total monthly financial commitment against his monthly income and it will determine the loan quantum to be granted. The acceptable DSR varies from FI to FI but it usually between 40% to 50%.</p><p>The following factors are considered in the computation of DSR:</p><ol><li>All existing loans by a borrower with monthly repayments, like housing loans, car loans, personal loans, etc.</li><li>For credit facilities like overraft&nbsp;and credit cards, the FI will take into accounts a percentage of the facility provided. Some FIs factor in the utilized portion of the facility, while others take the whole credit limit into consideration. Therefore, if the gross monthly income is $5,000, then the total monthly financial commitments including the current monthly repayment for the loan being applied for - must not exceed $2000 ( based on a 40% ratio ). If not, the loan application may be rejected.</li><li>If your gross monthly financial commitment exceed the acceptable DSR, you will have to either cancel some of your other facilities, or apply for a lower loan amount.</li></ol><p>But do note that different FIs will have different components in their formulas, so it's best to seek the advice of the respective Housing Loan Specialist (HLS) that you are working on the particular loan.</p><p></p>

雨茜

<h3><font style="BACKGROUND-COLOR: #ffff00;">APPROVAL CONSIDERATIONS</font></h3><p>银行通常根据哪些因素来判断是否要通过贷款的申请呢？</p><h4>Q: How do Financial Institutions (FIs) determine whether to approve a loan or not?</h4><p>A: The foremost criterion is the applicant's repayment ability for the loan. This is generally assessed based on the following factors:</p><ol><li>Monthly income,</li><li>Monthly CPF contribution,</li><li>Existing funds in CPF Ordinary Account,</li><li>Other financial commitments,</li><li>Employment Profile,</li><li>Age of borrower,</li><li>Nationality,</li><li>Debt servicing ability,</li><li>Brankruptcy,</li><li>Credit record,</li><li>Financial Strength of Joint borrower (if any), and</li><li>Liquidity.</li></ol><h5>TO NOTE:</h5><ol><li><strong>Loan Amount: Different FIs have different credit assessment criteria which will determine the maximum loan permissible. This will be determined after the Income documents have been submitted.</strong></li><li><strong>Credit Regord: This can be estabilished through a search with the Credit Bureau (Singapore) Pte Ltd (CBS), which maintains a record of an individual's redit history with participating FIs. The Quest Line Search, reveals whether you have any legal suits.</strong></li><li><strong>Debt Servicing Ability: FIs will look at the Debt Servicing Ratio (DSR) of the customer - the ratio of affordable repayment based on gross financial commitments.</strong></li></ol>

ZJJX

雨茜，厉害的，加油啊

雨茜

<div class="msgheader">QUOTE:</div><div class="msgborder"><b>以下是引用<i>ZJJX</i>在2007-10-9 14:34:00的发言：</b><br/>雨茜，厉害的，加油啊</div><p>呵呵，受表扬了， </p><p>高兴啊！~ </p>[em01]