Budgeting For A Home Within Your Means
- working knowledge of Singapore CPF Scheme
- completed Understanding The Costs Of Buying A Home
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
- Singapore Permanent Residents
- anyone interested in Singapore's public housing scheme
Peggy Chan, Financial Literacy Trainer, Institute for Financial Literacy
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.
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.