About Me
I am an Independent Financial Adviser Representative Licensed under the Financial Advisers Act in Singapore.
Through my experience, I’ve noticed how vulnerable an individual investor is when facing the heavily armed financial giants. This especially became an reality to many investors after 2008 financial crisis.
While I strongly believe the best investment a person can have is to constantly educate themselves, I set up this blog to provide information and tools to teach the individuals how to manage their own assets.
What do I do?
Everyone’s financial circumstances involve a balance between risk and reward, opportunity and protection. People have two items to be protected: the present assets they have acquired and the future income they will receive.
The job of me as an Independent Financial Adviser is to measure these risks and help an individual form a balance between the risk exposure (buying risky assets) and the expense of risk avoidance (not investing). Why obsess about avoiding risks when you can instead manage them intelligently?
Click here for the scope of my services.
Who will engage my services?
There are four types of people who will engage my services.
- You lack the knowledge to handle these matters yourself
- You have the knowledge, but you lack the time to manage it on your own
- You have the knowledge and the time, but you lack the desire
- You have the knowledge, time and desire, but your family do not
If you are one of those and would like to engage my services for Financial Planning and Investment Advice, you may email me at contact@sgmoneymatters.com or use the contact form below:
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Hi,
Understand that mortgage insurance is compulsary for buyers that need to take up loan with bank. However, is it alright that only a single party of the buyers (either husband or wife) purchase the mortgage insurance? or both husband and wife MUST purchase the mortgage insurance?
or is there such thing as both parties insure half of the loan rather than full loan amount?
Dear Said,
In general and best practice, both husband and wife will purchase 100% each.
you can also purchase mortgage insurance with a combined sum assured equal to 100% of the loan. the share need not be 50% each. it can be other percentages like 80% and 20%.
However, different banks have different requirements. I suggest you check with your bank first before purchasing the mortgage insurance.
Have the rule changed? From what I know, mortgage insurance is not compulsory.
Banks, however, do include mortgage insurance as a must in some of their mortgage packages. There will be similar packages without having to buy mortgage insurance but at a higher interest rates.
Correct me if I am wrong please.
Hi, Dan,
You are right. There is no law requiring mortgage insurance, but it is prudent for banks to ask for it to protect their own interest.
However, I noticed nowadays banks are more lenient about this, my client recently bought two properties with million dollar loans but seemed the bank were not worried