Housing Loan

Alhamdulillah, there is now more than one islamic financing option for the HOS (Home Ownership Scheme) loan provider for BSP. Well, for my non-muslim friends who are not concerned about interest i.e. non-muslims, then you'd have lots of option as HSBC, SCB and OUB are some of the banks which has HOS arrangement with BSP. And for those not in BSP, then you have a much bigger option.

Tips? Look for bank who offers subsidies, some up to $6k to cover for the initial expenses i.e. Mortgage Insurance, Valuation fees and Legal fees.... and of course, for the non-HOS, compare the interest rates of every banks (for HOS, you don't need to worry as BSP pays for much of the interest, i think you only need to pay 1.25%?)

Oh yes, as of yesterday (Saturday) afternoon, the builders are stil preparing the mould for the footing, and had to pump lots of rain water out of the footing hole, and also had to excavate the soil that fell in the hole due to the heavy rain in Friday nite. Met with the builder boss this afternoon and he is still confident that the foundation laying ceremony planned for this Friday will remain unchanged.... Yaawwwnnnnn, been a long weekend. good nite buddies and wassalamualaikum.