Get loan in Singapore or Australia for Australian property?

Post by **Dennis Ng** » Sun Sep 10, 2006 10:19 pm

someone asked this question in another internet discussion forum.

I attached my reply to him for everyone's easy reference:

if you borrow in Singapore, you can get a S$ Housing Loan to finance a house in Australia. Interest rate would be less than 5%.

if you want to get Aussie dollar Housing Loan, then you would probably get a better deal from a Bank/financial institution located in Australia.

if you are renting out the property for rental income, you might even want to consider taking up a "interest only" loan to maximise the tax deduction on interest for tax planning purposes.

Guess what? http://www.HousingLoanSG.com can actually help you compare the different alternatives so as to help you make an informed decision. The service is FREE to you because we do not charge for our service as we're paid by banks separately.

We can help you get the best deal for Housing Loans both in Singapore and Australia! For a limited time period, now we're offering FREE conveyancing for someone taking up an Aussie loan for Australian property (conveyancing cost in Australia can cost about A$1,000), so that's a A$1,000 savings for you!

Post by **Dennis Ng** » Tue Sep 11, 2007 6:00 pm

tomato wrote:We have Oz PR. Now exploring possibility of buying a small property there by taking up a loan here - for benefit of lower interest. How do we go about this?

Our hdb is abt $600+K, while our housing loan bal is $170k (subsidized rate of 2.6%). One obvious alternative is to sell and buy a cheaper unit at $380k range to realise some cash for deposit. However we are comfortable now and dont want to move, if possible. (to continue enjoying the 2.6% concessionary rate). Do financial institutions here accept hdb equity for remortgage?

Appreciate any advice. Thks.

Hi Tomato,
thanks for your questions.
financial institutions are CONTRAINED by HDB rules. They cannot grant any equity loan for HDB flats.

Thus, the only way for you to extract Equity (Cash) from your HDB flat is to sell and buy a cheaper unit.

You can call us at 6737 8801 or email us at info@HousingLoanSG.com for further clarification or discussion.

Post by **Dennis Ng** » Sun Sep 23, 2007 3:07 pm

Hi tomato,

you're welcome. In the meantime, feel free to ask questions in this forum, we'll try our best to answer them. Feel free to let other friends know about this FREE Internet Discussion Forum about Housing Loans.

Cheers!

Dennis Ng, http://www.HousingLoanSG.com

tomato wrote:
Dennis Ng wrote:
tomato wrote:We have Oz PR. Now exploring possibility of buying a small property there by taking up a loan here - for benefit of lower interest. How do we go about this?

Our hdb is abt $600+K, while our housing loan bal is $170k (subsidized rate of 2.6%). One obvious alternative is to sell and buy a cheaper unit at $380k range to realise some cash for deposit. However we are comfortable now and dont want to move, if possible. (to continue enjoying the 2.6% concessionary rate). Do financial institutions here accept hdb equity for remortgage?

Appreciate any advice. Thks.
Hi Tomato,
thanks for your questions.
financial institutions are CONTRAINED by HDB rules. They cannot grant any equity loan for HDB flats.

Thus, the only way for you to extract Equity (Cash) from your HDB flat is to sell and buy a cheaper unit.

You can call us at 6737 8801 or email us at info@HousingLoanSG.com for further clarification or discussion.

Thanks, Dennis for your reply. We may contact you if we need your services in the future.