Singapore’s Changing Financial Landscape: Mastering the Art of Risk Assessment Management
Unlock the Power of Risk Assessment Management (RAM)
MAS Compliant Financial Assessment: RAM allows you to gauge how much you can loan based on Monetary Authority of Singapore’s (MAS) rulings for Mortgage Servicing Ratio (MSR) and Total Debt Servicing Ratio (TDSR). You’ll be clear about your estimated borrowing power before taking the property plunge.
Consolidated Funding Overview: It helps you take stock of your total funding, and assess if liquidating investments for property is a feasible option for you.
Bird’s Eye View of Options: RAM gives you a panoramic snapshot of various property choices, whether it’s resale HDB, condo, new launches, and the financial commitments for each type.
Preparedness for Rising Interest Rates: With RAM, you can plan ahead for fluctuating interest rates. You’ll be mentally prepped if the rates ascend, ensuring no unpleasant surprises.
Rental Revenue Consideration: RAM takes into account rental revenue, enabling a clear understanding of your monthly mortgage payment and assessing if it’s a comfortable setting for you.
Emergency Funding Plan: And the cherry on top, RAM’s most powerful benefit is its ability to plan for emergency funding. Perfect for those aspiring to become entrepreneurs or those seeking a safety net should they lose their job. This offers a sense of security, knowing you don’t exhaust all your resources into a single property, while still capitalising on the market. It’s all about finding that sweet spot – acquiring a good property while maintaining a safety net.
Am I Ready to Buy Or Invest in Property Right Now?
By offering you Heart-Centered, Strategic, and Safe Asset Progression Property Advice tailored to your needs.
By devising a clear, objective, and safe roadmap for your property journey that truly aligns with your goals.