Financing of residential properties
Owning a house of one's own is a dream of everyone. To fulfill this dream, most people would have to seek external financing in addition to using one's savings and borrowings from close family members. The purpose of this report is to help consumers better understand where and how they...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/62983 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Owning a house of one's own is a dream of everyone. To fulfill this dream, most people
would have to seek external financing in addition to using one's savings and borrowings
from close family members. The purpose of this report is to help consumers better
understand where and how they can obtain housing loans that suit their financial needs.
The report will first present an overview of the housing loan market by providing
information as to the various players and their relative market shares. To enable
consumers to decide on an ideal financing method, the report will first describe the
features of housing loans that can be found in Singapore. Next, it will also outline the loan
application process, followed by a discussion on the general approach as to how bank
officers evaluate their customer's credit standing. Last but not least, the legal aspects of
housing loan, as well as the future prospects of housing finance in the financial service
industry will also be discussed in this report. |
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