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Why mortgage insurance matters
Written by Kurt Lim Mortgage insurance in brief In the event of an insured’s passing, the mortgage insurance provides a lump sum payout to cover the insured’s mortgage (home loan). Mortgage insurance directly benefits the lender, such as the bank, rather than the insured. This is because it is the lender who must recover the […]More
Purchasing public housing apartment: pay-ability vs affordability
I managed to secure a $332000 hdb public housing apartment. And I figured that if I have to take a loan on any part of that value, I can’t afford it, honestly. That said the monthly repayments to the bank for the principal and interest is not exactly unpayable. Sneaky how they don’t highlight that […]More