Things To Consider Before Opting For A Home Loan - PowerPoint PPT Presentation

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Things To Consider Before Opting For A Home Loan

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Let’s take a look at some of the tips before you apply for a mortgage. – PowerPoint PPT presentation

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Title: Things To Consider Before Opting For A Home Loan


1
www.tcc.org.sg

2
THINGS TO CONSIDER BEFORE OPTING FOR A HOME LOAN
  • Home loans are a suitable way to obtain money for
    your future home via trusted sources. Whether you
    are a beginner or an experienced buyer, you need
    to keep certain factors in mind before you can go
    ahead and get started with the process of getting
    a home loan. Lets take a look at some of the
    tips before you apply for a mortgage.
  • Clear your bills on time
  • Sudden Employment changes
  • Research
  • Make sure its affordable

www.tcc.org.sg
3
CLEAR YOUR BILLS ON TIME
  • Now, when you apply for a home loan, your bank
    checks your credit history, and if you fail to
    show a good one, it can affect your ability to
    get the loan sanctioned. You should pay up all
    you remaining bills and also do this on time.
    Your credit score can be negatively affected by
    late payments. The rate and amount you receive in
    the loan can vary about your credit score.

www.tcc.org.sg
4
SUDDEN EMPLOYMENT CHANGES
  • If you are preparing to opt for a loan, ensure
    that you have a stable source of income that will
    help you clear your debt easily. Even the
    decision of sanctioning a loan to you by the
    authorities hugely depends upon your income
    status.
  • The officials judge whether you are capable
    enough of returning the loan in time. Meanwhile,
    you can opt for Debt consolidation to help clear
    out any prior liabilities which are obtained from
    insecure sources.

www.tcc.org.sg
5
RESEARCH
  • Each bank has their own set of rules and
    regulations along with benefits associated with
    any loan. It can be very difficult to know which
    one suits you the most. You should learn the
    basics of getting a loan such as the fixed rate,
    FHA, adjustable rate or VA home loans. Compare
    each loan offer given by various banks to derive
    a decision as to which one holds the highest
    benefit.

www.tcc.org.sg
6
MAKE SURE ITS AFFORDABLE
  • After you are done with the research and decided
    the best option, its time to check if the
    associated EMIs are affordable. Do not buy
    something that is so lavish that you end up
    selling it again just to repay the loan. Keep in
    account your monthly budget and savings so that
    you do not have to invest in something that you
    cant return.

www.tcc.org.sg
7
HOME FURNISHING LOAN
  • Make sure you do not have other loans that still
    need to be paid. Bearing the burden of more than
    one loan can put heavy pressure on your mind.
    Home furnishing loan Singapore helps you get the
    best deal available to help ease the pressure of
    getting a loan.

www.tcc.org.sg
8
CHOOSE A REPUTED COMPANY
  • Getting a loan granted by a shady company can
    sometimes land you in unwanted troubles. Some
    organizations lend money at a rate which attracts
    consumers, but later they change the rates or
    time as per their wish without even informing the
    customers. Avoid getting in such shady
    situations.

9
TCC CONTACT DETAILS
  • Address 95 Killiney Road Singapore 239537
  • Opposite SingTel Comcentre Near Orchard Road and
    Somerset MRT.
  • Call Center 6319 3700
  • Human Resource 6319 3704
  • Email  info_at_tcc.org.sg
  • TCC's E-Teller  www.tcc.org.sg
  • Fax  6738 1977 / 6737 0735
  • Office Operating hours  Monday to Friday 8.45
    am till 6.00 pmSaturday 9.00 am till 1.00
    pmClosed on Sundays and public holidays.
  • Contact Centre Operating Hours Monday to Friday
    8.45 am till 6.00 pmClosed on Saturdays,
    Sundays and public holidays.
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