Invest Into Property Now?
Posted by SYH on May 16, 2009
I am very tempting to buy a new property for investment after studied most of the Mortgage plans that bank offering currently. Although I am not sure current interest rate offering by bank would be the best or not in the future, but I am sure it is the best since I know about home loan or mortgage thingy.
10 years ago, most mortgage plans provided plan like BLR + 1.5% or 2%. 5 years ago, most mortgage plans provided plan such as BLR + 0.5% or 1%. While back to 3 years ago, the best I could get was BLR – 1.15%. However, currently most of the banks are offering plans with BLR – 1.8% and even BLR – 2.2% for the whole loan tenure. Do not ever look down the 0.5% – 1% different, it could help you to save $1K annually out of $100K loan amount.
St. Thomas Villas is one of the real estate I am interested to invest. The location of St. Thomas Villas is good and the Villa design is very beautiful as well. Oh yes, they are given away 2 million dollar St. Thomas Waterfront villa for a $100 now! I might have chance to get the property without spend money! haha
I think investing in property is always great. Property will increase in value again. Good luck