Budgeting For A Home Within Your Means

Calculate the costs of a buying a home and assess your own resources before finally deciding on a appropriate home.
Free tutorial
Rating: 4.1 out of 5 (36 ratings)
6,851 students
41min of on-demand video
English
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to help you calculate the costs of buying a home in Singapore
to help you assess your own resources and to know how much you can afford
to help you decide on an appropriate home that you can afford

Requirements

  • working knowledge of Singapore CPF Scheme
  • completed Understanding The Costs Of Buying A Home

Description

This course is a continuation from a previous course untitled Understanding The Costs Of Buying A Home.

We will be looking at how to calculate the costs of buying a home in Singapore. This includes:

  • Options Fees
  • LTV Limit & Downpayment
  • Buyer's Stamp Duty
  • Mortgage Stamp Duty
  • Disbursement of Loan

After that, you will learn how to assess your own resources to know how much you can afford:

  • Using your Sales Proceeds
  • CPF Ordinary Account
  • CPF Housing Withdrawal Limits
  • Buying A Second Property
  • Maximum CPF that can be used

Finally, we will see how to decide on a appropriate home that you can afford.

Who this course is for:

  • working adults
  • aspiring home owners
  • newly weds
  • Singaporeans
  • Singapore Permanent Residents
  • anyone interested in Singapore's public housing scheme

Instructors

Financial Literacy Trainer
Peggy Chan
  • 4.2 Instructor Rating
  • 8,687 Reviews
  • 105,195 Students
  • 14 Courses

Peggy Chan, Financial Literacy Trainer, Institute for Financial Literacy

MSc, CFP

Peggy has 8 years of experience in the financial services industry, helping clients understand their financial needs, objectives and risk tolerance as well as reviewing company policies and procedures to ensure compliance. She was also an adjunct lecturer with a Polytechnic, teaching insurance and retirement planning subjects.

Prior to joining the financial services sector, Peggy was working in the information technology sector for 13 years, first in a government agency and subsequently served as a Senior Systems Analyst in an international bank.

She is a Certified Financial Planner, which is a professional certification specific to retirement planning and wealth accumulation in addition to overall financial planning.

Peggy has a Masters of Science, majoring in Network Management. She also holds other industry certification in M5, M8, M8A, M9 and HI.

Unbiased Financial Education Courses
Institute for Financial Literacy
  • 4.2 Instructor Rating
  • 14,185 Reviews
  • 146,418 Students
  • 26 Courses

  The Institute for Financial Literacy is a collaboration between MoneySense and Singapore Polytechnic Enterprise. 

    Our financial education courses cover basic money management, financial planning and investment know-how. 

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