TDSR Limit Waived For Borrowers Seeking Deferred Mortgage Payments: MAS

Source: https://www.businesstimes.com.sg/banking-finance/tdsr-limit-waived-for-borrowers-seeking-deferred-mortgage-payments-mas

 

Businesses, both small and medium-sized enterprises together with Individuals borrowers will not be subject to the TDSR and LTV limits if they apply for deferment of mortgage payments for all property types, including commercial, residential and industrial.  This exemption will greatly benefit borrowers who needed to refinance their lowers to a lower interest rate.  This is also applicable to borrowers under the MSR requirements.

 

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