Chapter 2.6.
Mortgage

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Learning outcomes of this chapter:

  • Understand the nature of mortgage as a security.
  • Ascertain the existence of a legal mortgage on a property title.
  • Explain the mortgagor’s right to redeem and to lease the property, and the actions that the mortgagee may take on the mortgagor’s default.
  • Understand the priority of mortgages and charges e.g. a charge by CPF Board.
  • Explain fixed rate and floating rate mortgages.

Related Multiple Choice Questions

What does a mortgage in the context of real estate represent?

A homeowner in Singapore wants to ensure that their friend can live in their house for a year while they're abroad. This can be formally arranged through a:

In a scenario where a property owner in Singapore dies without a will, the process to manage and distribute their estate involves obtaining a:

When a developer in Singapore plans to convert an old warehouse into a residential complex, they must first seek:

What is prohibited under the Moneylender's Act concerning property transactions?

Sophia is a foreign investor looking to purchase a landed home in Singapore. What must she ensure to comply with?

Charles is selling his house to Diana. After Diana exercises the OTP by paying the remaining down payment, what document becomes binding between Charles and Diana?

In Singapore real estate, a 'trust of land' primarily separates:

What is the purpose of the Option to Purchase (OTP) in Singapore real estate transactions?

Which type of property in Singapore requires foreign investors to understand and comply with specific rules?

Marcus is an investor looking to convert his semi-detached house into a bungalow in Singapore. What is a critical factor he must consider before proceeding with the conversion?

What system is used in Singapore for the transfer of property titles?

Bob is completing the purchase of a new home. At what point in the process is the legal title of the property officially transferred to him under Singapore's Land Titles System?

What is a key element of a lease that distinguishes it from a license in Singapore real estate?

In the context of property transactions, which scenario requires the consent of the Official Assignee?