A Refresher of TDSR Measures

new condo launch TDSR

Since my last blog on the summary of the last cooling measure, http://www.newcondolaunchsg.com/8th-new-cooling-measure-by-mas/

here’s a refresher of the TDSR (Total Debt Servicing Ratio) threshold which applies to refinancing of investment properties, apart from owner-occupied residential properties (credit to the sharing by a mortgage specialist spoken to recently)

1) as long as the OTP (Option to Purchase) of the property was granted before 29 June 2013

2) the borrower commits to a debt reduction plan with the financial institution (FI) at the point of refinancing if the TDSR is above 60%

3) the borrower fulfils the FI’s credit assessment

This transition period is until 30 June 2017.

For the full details, you may log in by clicking this links: TDSR Exceptions  REVISED  EXEMPTIONS  

www.mas.gov.sg

Other Source:

https://sg.news.yahoo.com/mas-eases-tdsr-restrictions-104737968–sector.html

Do consult your banker / broker / financial consultant or FIs for further advise. If you have further queries please contact 96460726 or drop an email by clicking http://www.newcondolaunchsg.com/