Loan Affordability Calculator
The Loan Affordability Calculator determines the amount of loan you can qualify and the maximum purchase price based on your minimum monthly instalment plan. It’ll give you a good idea how much you should budget for your new property purchase based on your comfortable income level. Once you have a budget, looking for a property to buy becomes easier.
If you are to include Total Debt Servicing Ratio (TDSR) in your financial calculation, enter your available income amount (after the TDSR computation) into Affordable Monthly Instalment and use the interest rate of 3.5%. This should give you some idea on your new budget.
About Ming Property
Have you ever wondered how ordinary people who is on a regular income makes money from real estate? Many of us are not fully aware of how to get started and because of that, we missed out on a lot of opportunities. Most of us are in similar situation and believe it or not, it is not as hard as many people think to get started in real estate investment.
All it takes is a bit of planning and taking ACTION now. Don’t wait for whatever reasons you may have that’s holding you back.
This is where we come in. We spend a lot of time talking and working with regular clients, explaining our strategies and techniques that has been used successfully in buying and selling properties in Singapore.
Our objective is to educate and inform ordinary folks on how to create wealth from one of the most important assets in their life – their property. Our value comes from giving additional insights that are not covered by the regular media. This will help clients see from a different perspective and hence, make better and more informed decisions.
While all reasonable care was taken to ensure accuracy of the information and calculation, Ming Property and its associates shall not be held liable and responsible for any loss and inconveniences caused. Please seek qualified and professional advice for any decisions you make. For feedback, please contact us here.