In the world of finance, credit is credibility and if your river of cash flow never dries up, then the proverbial dams built by financial institutions will no longer present themselves as obstacles in your path. Singapore is the bastion of economic progress in East Asia, but also happens to be one of the most expensive cities to live in worldwide.
It’s no wonder that any average Joe in Singapore can afford to purchase a property without tying themselves up in a meticulous long-term home loan and pushing the burden of debt well into their retirement years. And that’s if you are lucky enough to get a home loan sanctioned. Financial institutions have become tremendously vigilant in their assessment of home loan applications ever since the global economic meltdown triggered by the sub prime mortgage crisis in the US. Therefore, a weak credit score, hordes of unpaid loan obligations and ......
