Dear readers, thanks for dropping by. Kindly note that I have migrated all these posts to my new blog All Things Cozy and Homely . I will blog at the new site from Jan 15 onwards.

Friday, April 22, 2011

HDB Loan vs Bank Loan



Most couples did not do adquate ground work prior making the biggest purchase in their lives. Most went straight for bank loans, enticed by the freebies and low bank rates. While others opt for HDB loans because they are too lazy to shop around for the best rates.

So, what are the pros and cons of going for HDB Loan as compared to Commercial Bank Loans? Some of the advantages I can think of as follows:

  1. If ...for any reasons, you had defaulted HDB loan payment, the risk of foreclosure is lower. HDB will try to arrange for means and ways for you to make repayment.
  2. HDB rates are fixed (2.6%) whilst most of the bank rates fluctuates with economy.
  3. No hidden cost. But there are hidden costs if you decide to switch from one bank to another and these were not highlighted to most people.
What about disadvantages?
  1.  Many restrictions; you need to meet the eligibility Conditions for HDB Concessionary loan. One of the conditions is that if your combined income level is above 8k, you can't apply.
  2. You need to apply for HDB Loan Eligibility(HLE)  prior application for the HDB concessionary loan.
  3. Inflexible; once you switched from HDB loan to a bank loan, you are not allowed to switch back to HDB loan.

Here are some of the other useful resources you should take a look to find out more:
  1. Should you switch from HDB loan to a Bank loan?
  2. Housing Loan FAQ
  3. MortgageSmart FAQ

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Dear readers, thanks for dropping by. Kindly note that I have migrated all these posts to my new blog All Things Cozy and Homely . I will blog at the new site from Jan 15 onwards.

Wednesday, April 13, 2011

Fengshui


For those home owners who wishes to consult Feng Shui Shi-Fu prior renovation, here are some of the websites which you can refer to:








I have consulted from WayOnNet Group before and their advices seem to work. :)



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Dear readers, thanks for dropping by. Kindly note that I have migrated all these posts to my new blog All Things Cozy and Homely . I will blog at the new site from Jan 15 onwards.

Tuesday, April 12, 2011

IKEA Hackers


How many of you are fans of Ikea?

Yet how many of you are DIY lovers who love to "hack" Ikea products?

I am a DIY lover; having personally designed our very own posters, customized our unique crystal hanging dining lights and of course, acrylic drawings too.


In fact, Ikea is an extremely good source of cheap and configurable furnishing to "hack"..or rather work with. And there are endless ideas what we can do with their furniture. Best part is that they are very reasonably priced!!

Some of my favorites:
  

 


Keep those creative juices flowing! Feel free to submit your IKEA hacks and be showcased in my reno blog! :)
Happy HACKING!

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Dear readers, thanks for dropping by. Kindly note that I have migrated all these posts to my new blog All Things Cozy and Homely . I will blog at the new site from Jan 15 onwards.

Friday, April 8, 2011

Masterplan 2008



I noticed that many homeowners are totally clueless about their estate future developments. In fact, many are unsure whether their prized unblocked view will remain unblocked for the next 10 years or so.

You can actually find out all these information from the URA's Masterplan. The latest Masterplan released is dated back in 2008. Either you can visit the URA public viewing gallery to find out more or you can access online: http://www.ura.gov.sg/mp08/map.jsf?goToRegion=SIN.

Btw, some argued that Concept plan 2011 is out but take a closer look; Masterplan 2008 is still being used.

Other links as follows: http://www.ura.gov.sg/uramaps/.

Btw, there's even an iPhone app for it.  :)
http://itunes.apple.com/sg/app/master-plan...d410522729?mt=8 

Happy viewing! :)

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