Securing financing is a crucial component when considering condo investments. In Singapore, there are various mortgage choices available; however, it is imperative to understand the Total Debt Servicing Ratio (TDSR) framework. This framework dictates the maximum amount of loan a borrower can obtain based on their income and current debt commitments. It is vital for investors to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers to make well-informed decisions and prevent over-leveraging. Additionally, considering the potential property appreciation naturally adds to the equation, making wise financing choices becomes even more crucial.
When considering buying property …