The Monetary Authority of Singapore (MAS) has widened the existing exemptions
from the Total Debt Servicing Ratio (TDSR) to cover the refinancing of loans for
owner-occupied properties that were bought before the measure was introduced
last year.
In a...
More
The Monetary Authority of Singapore (MAS) has widened the existing exemptions
from the Total Debt Servicing Ratio (TDSR) to cover the refinancing of loans for
owner-occupied properties that were bought before the measure was introduced
last year.
In a statement, the MAS said it had received feedback from borrowers who have
faced challenges refinancing such loans.
Under the revised rules, a borrower who bought a residential property before the
TDSR rules were introduced will be exempted from the TDSR threshold as long as
the buyer occupies the home that is being refinanced.
Read More
The Mortgage Servicing Ratio (MSR) will also not apply to the refinancing of
loans for HDB flats and Executive Condominiums that are owner-occupied and were
purchased before the respective MSR implementation dates of Jan 12 2013 and Dec
10 2013.
A similar concession will apply to loan tenures. In such cases, borrowers whose
loan tenures for their owner-occupied residential properties exceed the current
limi
Less
