Hi, Im an agent but not sure if moderator will allow posting of my webpage here. Saw interesting question from TS and subsequently some of your comments. So like to contribute my input.
It is a well known fact that getting a loan at age 35 is far easier than getting a loan at age 45. You will also be able to get longer tenure period, allowing you to have more affordable monthly installments.
Lets also think abt Appreciation and Accumulation.
Imagine your property to be like a piggy bank savings. As you pay monthly installments to the bank, you can actually think of it as saving money aside. This is because of the simple fact that a property will appreciate and increase in value. (of course we also have to let the bank earn by paying interest on the loan instalment because we only used 25% of our equity to downpay for the private property).
When times were good, interest rates were high as we have witnessed 2-2.5%.
But now flexi rates can be as low as 1.3%. Now imagine the bank is lending you money and you pay them lesser interest!
Not forgetting the the power of Accumulation, we can achieve more over a shorter time span. For instance, try saving $500 per month and put it in a bank account. After 5 years, you will accumulate $500 x 12 mths x 5 years = $30,000.
Now if you have placed the $500 per month into a property that has high appreciation, after 5 years, your gain could be way more than $30,000.
hdbprogression.com
It is a well known fact that getting a loan at age 35 is far easier than getting a loan at age 45. You will also be able to get longer tenure period, allowing you to have more affordable monthly installments.
Lets also think abt Appreciation and Accumulation.
Imagine your property to be like a piggy bank savings. As you pay monthly installments to the bank, you can actually think of it as saving money aside. This is because of the simple fact that a property will appreciate and increase in value. (of course we also have to let the bank earn by paying interest on the loan instalment because we only used 25% of our equity to downpay for the private property).
When times were good, interest rates were high as we have witnessed 2-2.5%.
But now flexi rates can be as low as 1.3%. Now imagine the bank is lending you money and you pay them lesser interest!
Not forgetting the the power of Accumulation, we can achieve more over a shorter time span. For instance, try saving $500 per month and put it in a bank account. After 5 years, you will accumulate $500 x 12 mths x 5 years = $30,000.
Now if you have placed the $500 per month into a property that has high appreciation, after 5 years, your gain could be way more than $30,000.
hdbprogression.com
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