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Zeng Han Jun - EzineArticles.com Expert Author
Zeng Han Jun is the Business Financial Manager of Chan & Partners Consulting Group, based in Singapore. He actively contributes articles about business and finance on a weekly basis, so as to share his knowledge with the financial community. The firm that he works for, specializes in mortgage advisory and business brokering services. He has been directly involved and plays a crucial role in marketing and sales of several businesses in CPCG. He also ... [More]
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- Five Essential Things That You Must Take Note of When Naming Your Site
[Internet-and-Businesses-Online:Domain-Names] Having a website enables you to market your products and services to the rest of the world. With the popularity of the internet as a marketing tool, a whole new science of marketing devoted to the internet has emerged. To survive in the online business, it is imperative that you should know the right steps in order to reach out to your targeted audience. Failing to do so will cause detrimental effect to your business.
- Your Desired .com Name is Gone!
[Internet-and-Businesses-Online:Domain-Names] The Top Level Domain (TLD) is one of the most important factors to consider, when embarking on an online marketing strategy for your company. There are several types of TLDs, with the traditional ones being: 1) .com 2) .net 3) .org. These 3 TLDs have been in existence for a long time, which explains the level of credibility accredited to them by internet users.
- How to Choose Your TLD Format For Your Web Address
[Internet-and-Businesses-Online:Domain-Names] Choosing the right domain name is one of the most important step when setting up your webpage. If your domain name very much represent your website, be it a blog about yourself or your company, you would have very much taken a huge step in marketing your website. One important aspect to consider when choosing your domain name is deciding your your Top Level Domain (TLD).
- Ensure the Up-Time of Your Website
[Internet-and-Businesses-Online:Web-Development] One of the best way to ensure the up-time of your website is to make sure that you take up hosting with a reliable company with good server technology. Companies that provide proper coolant technology to the room that houses the servers. Customer service desk who are able to service your request no matter the time of the day.
- Going For the Cheapest Internet Hosting? Think Again
[Internet-and-Businesses-Online:Web-Hosting] An Internet presence for your business is one of the most important marketing strategy that your company can undertake. With a network that reaches all corners of the world, having an Internet front enables you to conduct and market your business all over the world! This simply means that you are not confined by the geographical constraints and achieve unlimited earning potential.
- Why is a Website Important For Your Business?
[Internet-and-Businesses-Online:Web-Development] Securing more businesses has always been the most important goal of any company. More businesses = more money = business survive.
- A Low Interest Home Loan = A Good Home Loan?
[Real-Estate:Mortgage-Refinance] A good mortgage is not just about the rates. The lower rate does not translate immediately to being a good package. If the bank cannot earn from you at the designated low interest rate, could it try to think of any other method to earn from you? Of course it does!
- Think About Your Current Mortgage Before Refinancing
[Real-Estate:Mortgage-Refinance] There are many different reasons why home owners want to refinance. Some want to go for a lower interest rate, some want a fixed rate and others want to tap on the equity of their house.
- Developments Adjacent to Existing MRT Structures
[Home-Improvement:New-Construction] Code of Practice for Railway Protection has been implemented by the Development & Building Control (DBC) Department of Land Transport Authority (LTA), Singapore to safeguard the existing MRT Structures against the any possible damages that may be caused due to the construction development that is taking place. This paper describes some of the requirements that are to be compiled by developers and engineers in the planning and design of construction activities of this type of nature. In this paper, we will discuss about the code of practice and some of the requirements that are crucial to engineers who are undertaking planning of this type of development.
- Sibor, SOR Vs Internal Board Rates
[Real-Estate:Mortgage-Refinance] Home loans have always been pegged to internal board rates and last year banks started pegging to rates like Sibor and SOR. For your information, internal board rates are...
- Cap Yourself Properly For Protection
[Real-Estate:Mortgage-Refinance] Landlords are suffering from the lack of tenants right now. Lists and lists of property advertisements displaying "For Rent" sign bombard every property agencies right now. Faced with this kind of market, landlords with outstanding loans have started to fork out their own money for mortgage payments. Many more are arranging to refinance their home loans, reducing their monthly installments, hoping that it can ease away some of the pain.
- Top 6 Things to Do Before Buying a Property
[Real-Estate:Buying] Buying a property is always a stressful event. Searching for the right property is already a big challenge, not to mention the process of being approved for a home loan. These procedures can be so daunting
- Do Not Worry, You Can Always Refinance Later
[Real-Estate:Mortgage-Refinance] For most people, a home purchase can be the largest ticket item of their life. As such, it is important to be particular about it, especially now. Do not be tricked into taking up a home loan product because a mortgage banker said: "Do not worry, you can always refinance later." The issue here is, when the home loan payment becomes unbearable for you, the market conditions may not be favorable to do a refinance at all.
- If You Are Thinking of Commodity Trading, You Should Learn About Futures
[Investing:Futures-and-Commodities] Commodity trading in Singapore is not a new thing at all. The whole trading system has been available for more than a decade and yet many people are still unaware of commodity trading. The financial consumers here are more focused onto trading in stocks and bonds, which explains why futures have always been largely neglected. What is commodity trading?
- Ever Tried to Use an Offset Mortgage to Decrease Interest Payments?
[Real-Estate:Mortgage-Refinance] Offset mortgages have been around for a few years in the Singapore home loan scene and has been relatively popular with people who know how to make use of such instrument to offset their interest. An offset mortgage allows a home owner to offset any interest with the cash deposit in their savings or current account. The main factor of this instrument is, with an offset mortgage, the savings or current account that goes with it earns a relatively higher interest rate than normal accounts. The interest earned offsets the interest you have to pay for your home loan.
- How to Get Out of Your Current Floating Interest Rate Package Immediately?
[Real-Estate:Mortgage-Refinance] During the property boom market, a lot of people went for high quantum plus a floating interest rate package so that they will be able to use less of their cash and more of bank's financing. The structure of such packages is quite different ...
- Excuse Me, What is a Private Property Reverse Mortgage?
[Real-Estate:Mortgage-Refinance] You might be hearing a lot about a reverse mortgage, and might even wonder if you should give it a try. Before trying it out, do you really understand what a reverse mortgage is?
- A Short Guide to Writing a Hardship Letter For Your Home Loan
[Real-Estate:Mortgage-Refinance] When a hard time comes around, it is inevitable that some of us might have difficulties maintaining our current cash flow. This might lead to an increase of the probability that one might fall back on one's home loan installment payments.
- When to Refinance Your Mortgage?
[Real-Estate:Mortgage-Refinance] Thinking of getting yourself a whole new home loan? If so, when will it be appropriate to carry out this application? Amid all the uncertainty in the banking and finance industry, should you even contemplating a move to refinance?
- The Scientific Theory Behind Astrology
[Arts-and-Entertainment:Astrology] Astrology is viewed by many as an esoteric study that does not have any scientific theory. Some of the people that I have came across even viewed it as a scam made up by the unscrupulous to control other people's minds.
- A Secret About Mortgage Refinancing Exposed!
[Real-Estate:Mortgage-Refinance] The reason why consumers search for several home loan rates before committing, only boils down to one thing. They do not want to get ripped and only want the best deal that they are able to get for themselves.
- Build Up Your Powerful Foreclosure Investment Team
[Real-Estate:Foreclosures] Being a foreclosure investor is a daunting task and requires lots of different skill sets. It becomes even more difficult if you are going into it alone.
- How Much Are You Paying For Your Property Investment?
[Real-Estate:Mortgage-Refinance] Somebody whom I have met recently, asked me "How much CPF can I use for my property purchase?" When I reply that one can use up to 120% of the valuation or purchase price, whichever is lower, he got a shock. "120%! For what?
- Top 5 Things to Do During an Economic Slowdown
[Real-Estate:Mortgage-Refinance] There are countless of financial forecast reports that are being published 24 hours a day. Some of them predict that the coming months are a disaster and some look upon the next few months as an opportunity period. What do all these mean for the average household? No matter how things turn out to be, the average household still has to maintain their cash flow and survive. However...
- Having Trouble Refinancing Even If Your Credit and Finance Profile is Good?
[Real-Estate:Mortgage-Refinance] There are many factors that the bank will take into consideration when assessing your application for a refinance. Sometimes, your application is rejected, even when you feel that your credit and finance profile are pretty good. If that is so, what is the...
- Took Up a Cash Handout Previously and Having Trouble Refinancing?
[Real-Estate:Mortgage-Refinance] First of all, let me briefly explain what a cash handout is when we are talking about mortgages. A cash handout is as its name implies, it is the cash that the bank offers you for taking up housing loan with them. As you know, the competition in the mortgage market in Singapore is getting tight and it is not just about the local banks anymore. The foreign banks are also offering ...
- How Will the Terms and Conditions of Your Existing Home Loan Affect Your Refinance?
[Real-Estate:Mortgage-Refinance] Every housing loan product has its own set of terms and conditions. The loan product that you take up is of course, underwritten by your lender, therefore the terms and conditions are to your lender's favor, not yours. After all, they are the ones taking up the risk by lending you the sum of money to buy your dream house ,and that is the least, they can do to mitigate the risk.
- Essential Information to Provide When Applying For a New Housing Loan
[Real-Estate:Mortgage-Refinance] New home buyers always feel perplexed by the huge amount of paperwork that is involved when applying for a home loan. They are not alone, because seasoned buyers feel the same way too when refinancing. Still, in order to successfully purchase that dream house and start a whole new life...
- Bootstrap and Handle Your Housing Loan Properly This Season
[Real-Estate:Mortgage-Refinance] With the holiday season around, it is difficult to enjoy if you have your home loan payment issues lingering at the back of your brain. Worst yet is if you have an impending foreclosure on your house. Focus on what you can do to stop this problem from happening so you can enjoy your holidays in peace.
- Getting a Term Loan or an Overdraft to Invest? How Much is Enough?
[Finance:Loans] First of all, let me briefly explain what is a term loan and overdraft to those who are not familiar with these terms. Both a term loan and an overdraft is a kind of credit facility that is obtained from traditional banking sources, by providing collateral as a mortgage. Common kinds of collateral can include certain types of machinery, land or properties.
- Confidentiality of the Sale of a Company is Extremely Important
[Business:Strategic-Planning] Nothing can be more important than maintaining the confidentiality of the sale of a company. This is especially so at the SME level. At the SME level, there is a high level of probability that the worker to space ratio is very high. What does it mean when the worker to space ratio is very high? It means...
- What Happens After Your Home Loan Application?
[Real-Estate:Mortgage-Refinance] I was talking to a client the other day, and he was telling me that the last time he submitted his home loan application; he was left wondering what was going to happen next. As it was the first time he did his refinance, he was pretty worried and anxious about the process. He told me that he was afraid something might just go wrong.
- Are You Eligible For Private Banking Services?
[Finance:Wealth-Building] You could have been working really hard, building that business empire of yours, climbing that corporate ladder aggressively or rich because of a recent inheritance. You might not even be aware that you have reached the high net worth status that everybody's been talking about.
- If You Are Thinking of Selling Your Business, It Will Be Good to Start Early
[Business] A business owner can have different types of exit strategies and one of the most important options, is to sell away your business. Before you begin on the path of selling away your business, it will be good if you start to prepare for it as early as possible.
- A Market Downturn is the Best Time to Scout For Some Business Takeover Opportunities
[Business] Although we are technically in a market slowdown right now, it is in fact the best time to scout for some business acquisition opportunities. As a business owner or investor, I am sure you understand that time is money.
- With the Slowdown of the Economy, Are You Going to Refinance Or Sell Your Investment Properties?
[Real-Estate:Mortgage-Refinance] Economy is slowing down and contracting, and such a scenario can create a bit of confusion and inconfidence for home owners and investors alike. We have been receiving an increase of inquiries, asking for advices for making a decision to...
- Why Do Banks Use Mortgage Brokers?
[Real-Estate:Mortgage-Refinance] Quite a few of my clients have asked me about this and I feel it would be best to write it out and share with others. The main reason that banks use mortgage brokers is to keep their overhead low.
- Getting Your Documents in Place Makes Mortgaging Easier
[Real-Estate:Mortgage-Refinance] Getting a new housing loan or refinancing your housing loan is never an easy process. First there is the daunting task of scouting for that right package, among the hundreds of housing loans available. Getting the right home loan is not the end yet. Will the bank approve you for that loan?
- Rolling All Your Debts Into a Housing Loan - Should You Do That?
[Real-Estate:Mortgage-Refinance] This article briefly discuss if a credit consumer should roll all of his or her debts into a housing loan. It also attempts to answer the question of how to determine which debt to roll.
- Having a Hard Time Keeping Up With Your Housing Loan Payments?
[Real-Estate:Mortgage-Refinance] Recently there are quite a lot of inquiries from customers who have problems keeping up with their monthly housing loan payments. Many of them landed into this situation due to tightening of their finances.
- How to Work With a Mortgage Broker?
[Real-Estate:Mortgage-Refinance] You have been running around shopping for your housing loan. When you approach your lender, most probably there are tendencies to try to be the "best borrower" that you think the lender will be looking for.
- Are Your Rates Lock in Yet?
[Real-Estate:Mortgage-Refinance] In the market, there are many types of floating interest rates for home loans. Some of the more popular packages include those that are pegged to external board rates like Sibor.
- Can I Do a Prepayment For My Housing Loan?
[Real-Estate:Mortgage-Refinance] There are many of us who wants to be debt free quickly. One of the biggest debts that anyone can have is a housing loan. Therefore I am sure many people want to pay down their housing loan as soon as possible.
- Will Being a Guarantor to a Bad Debt Affect My Home Loan Application?
[Real-Estate:Mortgage-Refinance] To be a guarantor of a loan means that if the person you are guaranteeing does not pay his debts promptly, you become responsible. Very often, people need a guarantor at some point of their lives. This is especially so if your friend or relative is applying for an unsecured line of credit.
- Are You a Mortgage Consumer or a Mortgage Slave?
[Real-Estate:Mortgage-Refinance] Have you ever wondered, when you walk into a bank, "Are you a consumer of the banks or a slave instead?" I am not surprised if many of us feel more like a slave! We take up so many products from the banks, to the extent that our lives are intimately intertwined with the fate of all these banks.
- Should You Get Pre-Qualified Before You Buy a House?
[Real-Estate:Mortgage-Refinance] Getting pre qualified and pre approved is an entirely different thing. However this article shall focus on getting pre qualified before the deal search. An investor and a home buyer employ different kinds of mindsets when presented with a deal.
- Do You Think You Might Be Paying Too Much For Your Housing Loan?
[Real-Estate:Mortgage-Refinance] You took up a housing loan package with a bank couple of years back. Just how many years has it been since the last refinance or that new purchase? Maybe you can not recall due to your heavy workload and various lifestyle commitments. Are you paying too much for your housing loan right now?
- How Can a Mortgage Broker Help You
[Real-Estate:Mortgage-Refinance] What is a Mortgage Broker? Basically they are the same as any kind of brokers. They are the intermediaries between the banks and the consumers.
- Is Your Mortgage Consultant the Right One For You?
[Real-Estate:Mortgage-Refinance] Fanciful titles, wide exposure in the media and etc. Are these important factors when choosing your mortgage consultant, broker or advisor? No need to look for an advisor with a fanciful title.
- Three Real Estate Myths Busted
[Real-Estate] The folks always say "Invest in properties". Some actually claim that the rate at which the human population is growing, land is fast becoming a scarce resource, therefore anyone who has properties, wins. Property prices, just like stocks, derivatives, bonds and etc, go through price cycles.
- Lean Financial Planning - Part 1 Savings
[Finance:Personal-Finance] Financial planning requires you to think logically and carefully about your own lifestyle. After thinking through the various aspects of your financial situation. Determine the financial strategy that you are going to adopt.
- Debts Can Be Great - Enough to Kill
[Finance:Debt-Management] Normally I do not like to discuss about my client's situation but perhaps with a bit of tweaking here and there, it should be okay. I hope by sharing this encounter, financial consumers can increase their awareness about debt management. It is very sad to see people bitten by the debts that they have or going to take up.
- What to Look Out For in Interest Only Mortgage?
[Real-Estate:Mortgage-Refinance] An interest only mortgage is definitely cheap from the consumer's point of view. Imagine: comparing to a mainstream housing loan, your monthly installment is slashed by more than 40%. With savings of more than 40%, you can use the cash for many other things.
- Do I Need a Bridging Loan?
[Real-Estate:Mortgage-Refinance] First of all, what is a bridging loan? Will you need to use it? A bridging loan is a type of loan facility that the bank extends to a private individual to help him or her transit from the previous house to the new house successfully.
- Floating Interest Rate Housing Loan
[Finance:Home-Equity-Loans] Floating rate housing loans have rates that adjust itself on a weekly, monthly or yearly basis. It all depends on the kind of package that you have decided to take up. A floating rate package is normally pegged to an external rate, like the CPF interest rate, the bank's internal board rate and etc.
- When Should I Do a Prepayment For My Housing Loan?
[Real-Estate:Mortgage-Refinance] The most straight forward answer to the above question is: Do your prepayment when you have the money! However, you should not just do your prepayment as and when you like. It is best to draft out a plan for prepayments.
- Home Equity Loan is One of the Best Loans Around
[Finance:Home-Equity-Loans] First of all, what does home equity means? When you first bought a house, most probably you did not pay for it fully in cash. You would have taken a home loan from the bank.
- Can a Home Loan Calculator Replace a Mortgage Advisor
[Real-Estate:Mortgage-Refinance] This article tries to make a comparison between a mortgage calculator and a mortgage advisor. It also shows that just by using a mortgage calculator alone is insufficient for mortgage planning.
- Fixed Rate Housing Loans
[Real-Estate:Mortgage-Refinance] Fixed rate housing loans are the most traditional type of housing loan that a bank can offer. Its feature is just like its name, meaning that the rate that you are being offered is fixed. Fixed for how long?
- How Large Should My Housing Loan Down Payment Be?
[Real-Estate:Mortgage-Refinance] The moment you decided to purchase that house of yours, you will have to decide how much of a down payment to pay. Traditionally, most people go for the mainstream 20 - 80 payment, meaning that the payment consists of 20 percent cash or CPF and 80 percent of housing loan. However, there are always people who go for a 10 - 90 or even a 40 - 60 payment structure.
- Brief Guide to a New Private Apartment Purchase
[Real-Estate:Mortgage-Refinance] Owning a private house is definitely a dream come true for many (for some, it is a nightmare). However, most new home buyers will find that the financing process is quite a tedious process. To make sure that your purchase is successful and without glitches, there are a few things to take note of.
- Cash is King But Should I Put My Money in Just a Savings Account?
[Real-Estate:Investing] With all the uncertainty in the financial market right now, the old saying of "Cash is King" will definitely pop up frequently in your daily dealings. If cash is really king right now, are you going to park your liquidity in a savings account then? You could do that but with the low interest rates, it might not be a good idea to put all your eggs in the same...
- When Should I Refinance If I Have a Fixed Rate Housing Loan?
[Real-Estate:Mortgage-Refinance] Many home owners took up a fixed rate housing loan when its rate is relatively low. A fixed rate housing loan also gives the home owner a peace of mind, without having to worry about fluctuations. However all good things come to an end.
- Interest Only Mortgage Can Be a Really Good Leveraging Tool
[Real-Estate:Mortgage-Refinance] There is no fallacy about interest only mortgages. The fallacy lies with the consumer instead. An interest only mortgage can in fact be a very useful leveraging tool in the hands of an experienced property investor.
- Hold on Tight to Your Property - It's Gonna Be Helluva Ride
[Real-Estate:Homes] This article shares with the reader on the financial fundamentals of U.S.A and how it is going to affect the Singapore property market. A few optimists are saying that the credit crunch has more or less come to an end.
- I Want to Refinance But How Do I Make a Decision?
[Real-Estate:Mortgage-Refinance] Even for the experienced property investors, choosing a housing loan is never an easy task. For the home owners who are refinancing for the first time, the process can be very daunting. It is not just about the lowest interest rates.
- Questions to Ask Your Mortgage Broker
[Finance:Loans] This articles briefly shares with the reader on how to choose a mortgage broker when sourcing for a housing loan. It also suggests some questions to ask your mortgage broker, which may be of great help when choosing the right advisor.
- Do Not Neglect Your Commercial Property Loan During This Slowdown
[Finance:Commercial-Loans] This article describes the various benefits that a commercial property owner can enjoy if he or she refinances the commercial property loan. It also briefly describes how the money saved from refinancing can be used.
- Pitfalls of Refinancing Your Mortgage Loans
[Real-Estate:Mortgage-Refinance] This article briefly explains about some of the pitfalls that the reader might faced while refinancing mortgage loans. It also shares a bit of information on working with different types of advisors.
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