For many Singaporeans, home ownership is an important life goal and marks a major milestone in their lives. With the current Covid situation which has pushed the interest rates downwards, many opportunist might want to take this chance to purchase a new apartment. However, the criteria to purchasing real estate has become more complex. This guide aims to help you understand the various factors at play and how that will affect your chances of getting a property loan in Singapore. What is an in-principle approval (IPA)? An in-principle approval is offered by a bank, as an assurance that they will loan you up to a certain amount of money. With this, you can start house-hunting with a budget in mind and not worry about finding that you can’t eventually afford your dream home. An IPA is not an exclusive agreement with a bank, and you can get multiple IPAs from different...