Saturday, July 10, 2010

Properties: Hands-on learning Part 4 - S&P done & Legal for ING Loan ongoing

Finally, the S&P has been concluded. Gawd.. 6 months! This is the longest I've ever experienced and it's a freehold property. The good side-effect is that property prices have generally jumped about 20% without me coughing up any mortgages for 6 months heheh. I have to thank the vendor's legal beagles for this unplanned "profit".

Oh, I took ING's Fixed % offer of 4.85%. Due to the rising OPR (Overnight Policy Rate), I think i've taken a more "controllable" financing method than BLR -x.x%. I'll know for sure after several donkey years down the road ;P

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