Understanding The Costs Of Buying A HomeUdemy
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Buying A Home
The home that you buy should satisfy your family members' and your present needs as well as future needs. In this e-learning module, we will consider the costs involved in buying a home in Singapore.
The Costs Involved For A New Property include:
- Option Fee
- Down payment
- Legal fees
- Stamp Duty/Fee
The Costs Involved For A Resale Property include:
- Cash-Over-Valuation (COV)
- Valuation Fee
- Agent Commission
We will also look at the concept of a Home Loan and Types Of Home Loans.
Next, we will look at the Residential Property Loan Fact Sheet, Refinancing the home loan, Defaulting on your loan and your Loan Quantum.
The Maximum Loan Quantum for an HDB loan and Bank Loan will also be considered.
In our next E-Learning module, we will consider the detailed steps in calculating the costs involved in buying a home, assessing your resources and how much you can afford and finally how to decide on an appropriate home.