OCS Loan

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from OCS Loan, Mortgage brokers, Singapore.

www.ocsloan.com aims to assist consumers and businesses by providing them with most the most up-to-date financial information and the most affordable financing solutions.

24/07/2022

Join in the fight with your favourite Marvel Super Heroes with the all-new 𝗥𝘂𝗵𝗲𝗻𝘀 𝗩 𝗦𝗲𝗿𝗶𝗲𝘀 (𝗠𝗮𝗿𝘃𝗲𝗹 𝗘𝗱𝗶𝘁𝗶𝗼𝗻)! Power up with instant hot and cold water in 5 different temperatures. Gear up for battle and 𝗽𝗿𝗲-𝗼𝗿𝗱𝗲𝗿 𝘆𝗼𝘂𝗿𝘀 𝘁𝗼𝗱𝗮𝘆.

16/04/2021

With these three simple steps, you will be a step nearer to achieving your money goals!

Budget
As Benjamin Franklin said, “If you fail to plan, you are planning to fail!” A lifetime is a long time to plan, but if you don’t start, you will not succeed. Budgeting means to set an estimate of income and expenditure for a set period of time. You don’t have to budget for your entire lifetime, but to start, you can budget for the next 5 years. With your budget in mind, it will become easier to decide whether to checkout that pair of Nike shoes on sale (p.s. you are not the one contributing to the online sales for items you don’t need)!

Get out of debt
It’s never good to be in debt, unless its good debt. As we touched on in one of our articles previously, a good debt means a loan that helps to put money into your pocket and increase your net worth. Stay away from credit card debts and personal loans. But if you can leverage on a low interest home loan, don’t hesitate!

Save & invest
Even if you save, leaving the money in your bank accounts will not help to grow your wealth! The value of money will be eroded with inflation, as you will not earn much interest from your bank accounts. So remember to always think about how to invest your money to bring in more income streams!

Follow this space and we will share more on how to HUATwithme! Get tips on how you can achieve your financial goals and how to save money!

13/04/2021

Congrats! I am sure you have spent countless of weekends or even weekdays house viewing to get to this stage. Now that you are ready to send in the OTP, what do you need to take note of?

In this post, we summarised 5 key tips for you before putting in your OTP:

1. Find out how much you can afford
2. Take note of property valuation
3. Secure an AIP
4. Understand your home loan options
5. Save for downpayment

Remember buying a house is a big commitment, make sure you have done sufficient financial planning and preparation for this before you pull the plug - good luck!

Follow this space and we will share more on how to HUATwithme! Get tips on how you can achieve your financial goals and how to save money!

08/04/2021

He say, she say and they say, but do you really know how much you can save from refinancing? Let’s explore this topic with Sam and Sally.

Sam and Sally took a $800,000 home loan with the Bank at 2.6% interest rate for 25 years. Their monthly repayment amounts to about $3.6k. They are both working professionals and together, they earn about $6k a month - meaning 60.4% of their income goes to mortgage payments.

After three years, their home loan lock-in period ended. Sam and Sally now has a chance to refinance their home loan to a lower interest rate of 1.3%. Their new monthly repayment will reduce to $3.1k which means $470 of cash savings every month. That’s the cost of one staycation break - meaning they get to go for 12 more staycations in a year!

Sam and Sally now can pay less mortgage and save up more to build up their wealth or even indulge in some staycays! If you are also closing on, or have reached your lock-in period, definitely consider refinancing as an option to increase savings!

Aside from interest rate changes, do note that refinancing comes with other costs. But banks typically offer subsidies and rebates to entice homeowners like Sam and Sally to refinance. If you are unsure about the cost savings, feel free to check in with us!

06/04/2021

Whether you are buying a landed property or a HDB, you truly work together with a team of people to get you there.
We will connect you with a team of experts in this process to ensure that your home buying process is smooth, fast and easy.

Swipe to the end for a surprise! The people involved come together layer by layer for your full enjoyment in house hunting - just like the last pic!

Follow this space and we will share more on how to HUATwithme! Get tips on how you can achieve your financial goals and how to save money!

31/03/2021

Are you stuck in sandwiched class?

If you often find yourself wondering what would happen to your kids or your parents if you stop working or taking care of them, more likely than not, you are.

It is easy to get caught up in your caregiver duties and putting their needs above your own personal time. But remember in the midst of your busy adulting time, it is also important to make time for yourself and your spouse to take a break or do something that you like!

How do you become the last sandwiched generation? (i.e. your children wont have to go through the same)

1. Share responsibilities among siblings
Ideally, the filial responsibilities should be shouldered by all siblings. More likely than not, your siblings will want to help you out and they might just not know how to! Communication is key to bridge that gap.
It is also important to inculcate values to your children so they have the same mindset about sharing with siblings next time!
If you are not able to rely on siblings because you are the only child or they are too young, do take note of Tip 2 and 3!

2. Help your elderly parents do financial planning
This will definitely help you in the financial aspect in the long run! Making sure that they have a stable financial income (income on top of their CPF) would mean less stress on you in their golden years. The retirement income can come from investments in FD, property, stocks or bonds. But definitely invest in something that meets their risk appetite, eventually, this is their money!

3. Budget, save and invest in yourself
Financial planning doesn’t start only when you are your parents’ age. In fact, it is more important to start early - so you can start building that wealth from an early age. Being financially prudent and saving for the future can help you build your own retirement nest.

Income from your investments can then be put back into other investments or investments in yourself to gain knowledge and continuously learn.

Don’t know where to start? Well a easy way is to reduce your monthly expenses through a cheaper housing loan - every % saved on interest counts!

Feel free to DM us or comment to share on other tips!

05/02/2021

A quick timeline so you know what to expect this CNY.

Some of these plans might have changes due to COVID safety measures. But don’t let that kill your mood. Enjoy this joyous occasion with your loved ones!

What am I looking forward to? Of course, its food food food and food.

Stay safe and enjoy!

Follow this space and we will share more on how to HUATwithme! Get tips on how you can achieve your financial goals and how to save money!

03/02/2021

If you are new to the Ang Bao tradition, this is a useful guide for you on how much to give during CNY!

I guess some of us would be thinking, are there any rules to the amount to give?

Well, I learnt from older relatives that it is not a good practice to give Ang Bao with odd number amounts e.g. $5 or $7 as it is inauspicious. Some people also stray away from giving $4 Ang Bao as it sounds like “death” in Chinese — which relates to bad luck.

At the end of the day, these are traditions and it is really up to you and your spouse to understand whether these traditions apply to your family. If your family doesn’t really care about these beliefs, you won’t need to worry! At the end of the day, giving Ang Bao just symbolises your wish for good luck to the receiver. Its the thought that counts!

Follow this space and we will share more on how to HUATwithme! Get tips on how you can achieve your financial goals and how to save money!

01/02/2021

Chinese New Year is just round the corner, are you looking forward to it? I am definitely looking forward as it is always a time of good fun and food and laughter. We take this chance to share 8 ways you can Huat this CNY!

With the COVID-19 measures in place, some of our usual activities (e.g. visiting temple, extended reunion dinners etc.) may have been affected. But we should still stay positive and most importantly stay safe. And hopefully, we will get to enjoy CNY as usual next year!

Stay safe everyone! :)

Follow this space and we will share more on how to HUATwithme! Get tips on how you can achieve your financial goals and how to save money!

13/01/2021

If you have been thinking about refinancing your home since 2020, don’t procrastinate anymore.

Even Warren Buffet thinks its the best time to borrow money now.

"This is a very good time to borrow money, which means it may not be such a great time to lend money, but it’s good for the country that it’s a good time to borrow money," billionaire Buffett said a few months ago during his company's online annual shareholders meeting.

Let’s give you an example, if you are holding a 500k home loan at 2.5% per annum. Refinancing to a home loan that offers you 1.15%, saves you $119k in interest over 30 years and around 300 bucks every month on mortgage repayments.

With many household still facing economy and employment uncertainty, refinancing provides everyone with the opportunity to save more and use money in other areas. It is definitely a quick and easy way to reduce expenses!

If you are looking to find out whether it is a good decision to refinance, comment below or PM us! As mortgage experts, we’d love to help you analyse your situation and provide a list of mortgage comparison so you can find the cheapest refinancing option.

Follow this space and we will share more on how to HUATwithme! Get tips on how you can achieve your financial goals and how to save money!

11/01/2021

Buying your first home is one of the biggest financial commitments you’ll ever make. That’s intimidating.

So we’ve distilled our best advice on the subject into an infographic, which addresses your most pressing questions: are you ready, which type of property are you eligible to buy, how much you can actually afford, which financing option is right for you, how to shop for a lender, and so on.

For a more detailed article, visit the blog in our bio.

Stay safe everyone!

Follow this space and we will share more on how to HUATwithme! Get tips on how you can achieve your financial goals and how to save money!

30/12/2020

2020 was a growth year for us…

We moved into a new house and painstakingly did all the DIY to make it live-able. It was a big experience as this is the first time we moved out of our parents’ home and start living together. We started investing and created a financial plan for us. We started this platform to share our financial planning and wealth journey, something which we are very passionate about. Every step makes a difference and it can start as simple as changing to a cheaper home loan!

Whilst COVID-19 has changed many all our plans, it has also brought more perspectives to life for us. And as cliché as it sounds - if life gives you lemon, make lemonade! Look back at the small achievements you made this year, and give yourself a pat on your shoulders, because, you deserve it!

Happy New Year!

With love, from us,

Address

Singapore

Telephone

+6588604260

Website

http://www.ocsloan.com/

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