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Have you thought about buying a home but get stressed out with all the things to consider? Do you want to learn more about the process? It doesn't matter what your reasons are for reading this these tips can improve anyone's knowledge about home loans.
There are loans available for first time home buyers. These loans usually do not require a lot of money down and often have lower interest rates than standard mortgages. Most first time home buyer loans are guaranteed by the government thus, there is more paperwork needed than standard mortgage applications.
Before applying for a mortgage, Prepare your paperwork. There are many
They can now borrow for up to $5m.
The Ministry of Trade and Industry announced the enhancement to IE Singapores Internationalisation Finance Scheme (IFS) and the reintroduction of SPRINGs Bridging Loan (BL) for companies in the Marine and Offshore Engineering (M&OE) industry.
These measures will help to address the intensifying financing challenges faced by the M&OE industry in recent months, as it experiences a unique and prolonged slowdown.
The schemes aim to facilitate M&OE companies access to working capital and financing. The BL will help Singapore-based M&OE companies finance their operations and bridge short-term cash flow gaps.
Eligible companies will be able to borrow up to S$5m each, with a loan tenure of up to six years. The maximum loan quantum for each borrower group is $15m.
Enhancements will also be made to IE Singapores existing IFS, which provides project/asset financing support for companies. The maximum loan quantum will be raised to S$70 m per borrower group from the current S$30m per borrower group for M&OE companies.
These one-off measures, developed in consultation with industry players, are targeted at stabilising the M&OE sector, as it copes with the prolonged weakness in oil prices amidst the slowdown and uncertainty in the global economic environment.
The Government will take on 70% of the riskshare for both BL and IFS.
More From Singapore Business Review
By Georgi Kantchev and Christian Berthelsen Updated June 20, 2016 9:32 a.m. ET
Oil prices started the week higher Monday as global stock markets soared on growing expectations that the U.K. is likely to remain in the European Union after this weeks referendum.
The U.S. crude benchmark was up 2.3% at $49.07 a barrel on the New York Mercantile Exchange, while the global Brent contract was up 2.3% at $50.29 a barrel on the ICE Futures Europe exchange. Both contracts were rebounding for a second session after a six-day losing streak.
Opinion polls published over the weekend suggest the U.K. is more likely to vote to remain in the EU in Thursdays referendum. A poll by Survation published in the Mail on Sunday newspaper showed 45% supported remaining in the EU and 42% in favor of leaving. A poll-of-polls, averaging the past six polls in the U.K. vote, has returned to 50/50, while the bookmakers odds for Brexit fell sharply from last week.
The Stoxx Europe 600 jumped 3.7%, extending Fridays momentum, while the British pound surged 2% against the dollar. That followed gains in Japan and Hong Kong.
Traders are preoccupied with Thursdays British referendum, analysts at oil brokerage PVM said in a note to clients. We are likely to face volatile trading in the coming four to five days.
Market watchers say that while a British exit from the bloc, or Brexit, may not have a direct effect on oil, the market could suffer collateral damage. The ensuing turmoil could worsen sentiment for riskier assets such as commodities. Oil could also take a hit from a rising dollar, which analysts expect to strengthen if the U.K. votes to leave the EU
If there is a Brexit, the negative pressure on oil prices would be driven by risk aversion, not fundamentals, Michael Wittner, chief oil analyst at Socit Gnrale. Oil prices might fall by up to 5% if the U.K. votes to leave the bloc but those declines would be temporary, Mr. Wittner said.
The bullish outlook on the referendums outcome over the weekend has helped crude prices to defy negative factors, such as the resumption of oil production in Canada after wildfires and a further increase in the number of active rigs in the U.S.
Investors shrugged off another rise in the U.S. rig count, instead buoyed by continued signs that current prices are still unlikely to incentivize U.S. producers to increase production, said ANZ Research.
Oil prices have also been propelled by a weakening dollar. The Wall Street Journal Dollar Index, which tracks the greenback against a basket of other currencies, fell 0.7% Monday. As oil is priced in dollars, it becomes less expensive for holders of other currencies as the dollar depreciates.
In refined product markets, gasoline futures were up 2.8% at $1.5465 a gallon, and diesel futures were up 2% at $1.5108 a gallon.
Jenny W. Hsu and Riva Gold contributed to this article.
Write to Georgi Kantchev at email@example.com and Christian Berthelsen at firstname.lastname@example.org
Growing momentum for energy-efficiency financing in the United States has motivated State and Local Energy Efficiency Action Network to conduct around 20 interviews with stakeholders in five states to explore what it takes to make utility-sponsored programs succeed.
The research team produced a report, "Making It Count: Understanding the Value of Energy Efficiency Programs Funded by Utility Customers (PDF),"that outlines the pitfalls and promises of a wide range of evaluation techniques.
The interviews revealed that questions about cost-effectiveness screening and incremental impacts are coming up regularly, said Chuck Goldman, staff scientist and division director of the Energ
Our personal finances make up who we are and determine the life we live. Your finances are not something that should be taken lightly. You will be able to develop your own personal finance strategy, achieve your personal finance goals, and become more effective with your money, by following these valuable tips.
Exercise caution when you estimate what sort of mortgage payments you can afford. A mortgage is a very long-term financial proposition. Meeting your payment obligations will rely on how much money you will earn over a number of years. Keep in mind the possibility that your income may stay constant or even fall in the future, when you consider mortgage payments.
Managing your finances can be one of the most difficult tasks we must do on a daily basis. The self control that financial management requires can be difficult for many to muster up, but some suggestions can make managing our personal finances easier. This article contains a number of tips relating to personal finance.
If you are materially successful in life, eventually you will get to the point where you have more assets that you did in the past. If a liability claim is made, unless you are continually looking at your insurance policies and adjusting liability, you may find yourself underinsured and at risk of losing more than you should. To protect against this, consider purchasin