sweetmint

If husband and wife are joint-borrowers, TDSR will be based on combined instalment and combined income.

TDSR is calculated based on: your (monthly instalment) divided by (monthly gross income). According to the new guideline, banks will only lend if the TDSR < 60%. Monthly instalment shd include instalment for housing loan, car loan, personal loan, credit card outstanding etc. For monthly income, both fixed and variable income will be considered. But for variable income, banks are not considering 100%. Based on your example, with a monthly instalment at 180% of monthly income, the person's the monthly cashflow is negative. This means this person will not qualify for any new bank loan. Is this what you are asking?

Understand that it is illegal for lawyer to give commission/referral fee. We can seek out a lawyer on our own, but have to ensure the lawyer is in the bank's panel. Actually, as layman, it's easier to leave it to the specialist. My view is to be selective and go for the established and trustworthy specialist.

Hi deckbuild, I always refer to this easy-to-use loan calculator http://housingloansg.com/hl/calculator. The calculated results match those provided by kalimantan. Cheers!

Hmmm... I came across housingloansg.com before. They are pretty reputable and have been around for many years in SG. While doing the analysis and leg work, they also help their clients get more saving where possible. They actually helped a friend of mine save 1k of legal fee. Which is pretty good I think. It's actually worthwhile to engage a reliable and experienced loan consultant, less headache and no extra cost. cheers!