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Find a loan before a home, not other way round

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Yong Jun Yuan

Yong Jun Yuan

Published Mon, Oct 2, 2023 · 05:00 AM
    • It is probably easier to imagine yourself living in a new home than it is to consider the loans you need to pay for that property.
    • It is probably easier to imagine yourself living in a new home than it is to consider the loans you need to pay for that property. PHOTO: CHERYL ONG, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    IT IS easier to browse for houses online than it is to think about the debts that you will incur when buying a property.

    Yet, unless you have S$2.4 billion in unmarked assets lying around, you will likely need to get a mortgage to pay for your house.

    For a decision that can be as emotionally charged as buying a home, potential homebuyers should consider their budgets before house-hunting, said David Baey, chief executive of mortgage broker Mortgage Master.

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