Overview

Choosing the right financing is as important as acquiring the right home. To make it simpler for you, we have outlined some of the points which you need to consider or clarify before you proceed in making the most significant investment in your life.
Initially you should determine how much you can afford each month by making an estimate of your current monthly expenditure and financial obligations. Once you know this, you should take into account the initial as well as on-going costs related to buying a home.

These would include the following:

One-off:

• • Real Estate Agent Fee (if the property is sourced by a real estate agent) you)
  • Application, Arrangement and such other fees (as required by the financial institution)
  • Property Valuation Fee (if valuation required)
  • Property Registration/Mortgage Fee (as per Government regulations)
  • Architect/ Consultant Fee (if the property is constructed)

On-going:

• • Utilities (Electricity, Telephone, etc)
  • Common Area Maintenance Charges (if any charged by the Developer)
  • Normal maintenance charges of home
  • Life Insurance
  • Property Insurance
  • Early settlement fee (This may be one-time if early settlement is done in full)

Apart from the above, you will have the monthly repayment on your mortgage finance. There may be also early settlement fee as charged by the financial institution .
Once you have identified your dream home that fits your budget and have chosen the financial institution and type of financing that best suits you, you should confirm your eligibility and start collecting all the documentation.
Sakana offers best home finance deals which can be tailor made to suit your requirements.