
Building a Strong Foundation The Vital Role of Underpinning in Ensuring Lasting Stability and Mortgage Options for Homeowners
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Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage options available; however, it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan a borrower can take, depending on their income and current debt obligations. To ensure informed decision-making and prevent over-leveraging, investors should familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, exploring the available mortgage options can further aid in securing suitable financing for investing in a condo.
The Role of Underpinning
Underpinning serves as a solution to address any issues with a weak or unstable foundation. It involves strengthening the existing foundation to prevent any further settlement or movement. The process typically involves digging out sections of the foundation and installing additional support, such as concrete or steel beams, to reinforce the existing …