Shophouse Value Surge In Singapore

7. In virtually all situations with 504 loans, you will have to occupy at least a simple majority within one year of buying the property. But this will also allow you to get some rental income until that time., Consider buying/building more square footage than you need right now -- you can always grow into it

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Shophouse Value Surge In Singapore.

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But what if you decide to pay backover a longer period, that might help right? Thenthe interest effectively doubles the amount of your mortgage tojust over $200,000., Wrong, if youdouble the term to 50 years (so paying back 2% per year) That's right,the interest on the mortgage is $51,000 - doesn't seem such agood rate any more does it., We're actually paying back $151,000 in the end

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