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28 May 2012, 1:54:10 am
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Any advice on taking out a home loan in Singapore for a house in Australia?
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Topic: Any advice on taking out a home loan in Singapore for a house in Australia? (Read 2157 times)
DangerMouse
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Re: Any advice on taking out a home loan in Singapore for a house in Australia?
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Reply #15 on:
19 November 2010, 16:59:15 pm »
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Yes, if you look in the loan docs for S$ loans for Sg property, there is a clause enabling the bank to call for additional cash, but I've never personally heard of a case when it has been used. I have however heard of a number of cases where banks lending S$ to fund A$ purchases have called for more cash
There must have been an awful lot of loans made in 2007, where the LTV was well under 80% in 2008/9.Had the banks called for additional margin they would have killed an already very weak property market and made the problem even worse
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Re: Any advice on taking out a home loan in Singapore for a house in Australia?
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Reply #15 on:
19 November 2010, 16:59:15 pm »
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