The Power Of Praise & Worship and The Real Estate In Singapore

The Power Of Praise & Worship and The Real Estate In Singapore
Presented to you by Property Smart Investor- A Real Estate Online Education and Discussion

Tuesday 23 May 2017

What home buyers need to know about Total Debt Servicing Ratio (TDSR 60%) and Mortgage Servicing Ration (MSR 30%)


Thanks to numerous government regulations intended to “cool” the housing market, buying a property in Singapore is now a complex, frustrating and incredibly expensive process.

But of all the cooling measures meant to stop housing prices from soaring, the one that causes home buyers the most trouble is the Total Debt Servicing Ratio (TDSR) framework. In fact, TDSR is the prime reason housing prices are expected to fall up to 15% in 2015.

Of course, falling prices is a good thing for prospective buyers – as long as the TDSR enables you to afford that property you desire.

Here’s what you need to know about TDSR if you’re planning on purchasing a private apartment, condominium or landed property:

What is the TDSR framework?

It’s OK if you’re not familiar with the specifics of the TDSR – according to a recent United Overseas Bank (UOB) survey, 1 in 3 homebuyers in Singapore don’t understand it.

In short, the TDSR is an affordability “ratio” that’s meant to prevent you from purchasing a property that’s well beyond your financial means. It’s also meant to curb property speculation so that Singapore doesn’t experience a subprime meltdown.

The TDSR limits the amount of money banks and other Financial Institutions (FIs) can lend you – which is 60% of your gross monthly income minus all of your outstanding debts.

The outstanding debts that the TDSR will take into account include:
  • Credit card balances (including “instalment plans” with retailers)
  • Student loans
  • Personal loans
  • Car loans
  • Other home loans (if applicable)
While being able to borrow up to 60% of your gross monthly income may sound like a lot, the reality is that most of us carry outstanding debts that will affect how much we can borrow.
*Note on variable income: If you’re a variable income earner, the TDSR framework requires you to take a 30% “haircut” on your average monthly income. Variable income items such as bonuses or allowances can also be factored in.

For example:

Fixed Income: If your gross monthly income is S$10,000 and have no outstanding debts, your maximum TDSR limit is S$6,000.
But if you have monthly loan and credit card obligations of S$2,000, your maximum TDSR limit will drop to S$4,000 – meaning you can only afford a home loan with monthly repayments of up to S$4,000.

Variable Income: If you have an “average” gross monthly income of S$10,000, the TDSR will require you to take a 30% “haircut”, meaning you’ll only be about to count S$7,000 as your gross monthly income. That means your maximum TDSR limit is S$4,200 if you have no outstanding debt obligations.

But if you have monthly loan and credit card obligation of S$1,500, your maximum TDSR limit will drop to S$2,700 – meaning you can only afford a home loan with monthly repayments of up to S$2,700.

How the TDSR affects your ability to purchase property

When it comes to purchasing a property, another item you must take into account is the “stress test,” which is used to determine whether you can afford a rise in interest rates without busting the 60% TDSR limit.

The stress test is an important part of the TDSR’s goal of making sure you can survive paying higher mortgage repayments as rates increase – which is timely considering that interest rates are expected to rise this year.

Currently, the stress test interest rates are 3.5% for residential properties and 4.5% for commercial properties.

The following chart illustrates how TDSR will affect your new private property purchase


TDSR applies to all properties, but if you’re intending to purchase a Housing Development Board (HDB) resale flat or Executive Condominium (EC) – you’ll need to take into account something called the MSR.

What if you want to purchase an HDB resale flat or EC?

If you want to purchase an HDB resale flat or EC, you’ll also have to deal with the Mortgage Servicing Ratio (MSR) along with the TDSR.

The MSR limits the amount you can borrow on the purchase of an HDB or EC to 30% of your gross monthly income. So if you’re making S$8,000 a month, the most the MSR will allow you to pay on your monthly mortgage repayments is S$2,400.

That means that even if you have no outstanding debts and can borrow 60% of your gross monthly income under the TDSR, if you want to buy an HDB flat, the most you can borrow is only 30% of your gross monthly income.

How can you calculate TDSR on your own?

Unless you have detailed knowledge of Singapore’s latest housing regulation and the time and energy to do the math required – finding out whether you can afford a property or not (and how much you can afford) will be a challenge.

TDSR calculators available, but some require you to pay a fee to use them. However, there are several free TDSR calculators out there that can give you a good idea of how much you can borrow and what your maximum loan tenor will be.

Here are some free TDSR calculators you can check out:

While using a TDSR calculator will give you an idea of how much you can borrow, you’ll still need help finding the right home loan package.

Thankfully, you can find a home loan with the best possible interest rate and receive free consultation through our Home Loan Comparison Page.

On a final note, don’t forget to purchase mortgage insurance to cover your home loan repayments– because you never know when retrenchment, disability or death will strike.
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Sunday 21 May 2017

Here I Bow – Brian Johnson & Jenn Johnson. D Chord. (Lyrics and Chords)


YouTube Video Original Key: D (Female Singer)

This is a better version. YouTube Video Original Key: A (Male Singer). Basically just D 4 beat, A 4 beat for Intro and Verse end with Bm, E. Chorus is D, E, F#m  then D, E A

Back to Praise And Worship Songs Content Page For More Other Songs With Chords

Lyrics and Chords for Here I Bow - Brian Johnson & Jenn Johnson

Here I Bow – Brian Johnson & Jenn Johnson
Writer(s): Jenn Johnson, Matt Redman, Jonas Myrin, Brian Johnson, Jason Ingram
Produced by Bethel Music
Album After All These Years
Original Key: D (Female Singer)   Key: G (Male Singer)
Time Signature: 4/4        Tempo: 69 bpm
Sequence: Intro-V1-C-V2-C-C-B-B-C-Outro
Hp Recording: 26/7/17 (G) (Guys Melody)

Intro: | D  -  -  -  | D  -  -  -  | D  -  -  -  | D  -  -  - |

Verse 1
| D  -  -                  -            | G  -         -                    -          | D/F#    - 
             Where would I run,        But to the throne    of mer   -   cy
 -                 -                | G  -        -                   -            | D/F#   -
   Where would I kneel,        But at this cross    of grace
-              -                | G  -               -                     -              | D/F#      -
   How great the love,        How strong the hand    that holds         us
    -        -    | Em  -          -       -    | A  -   D7   -
Beau-ti - ful,          so beau-ti - ful

Chorus
     | G      -    A      -   | Bm  -            -    -   | G - A   -    | Dsus2 -     D   
So  here     I bow     to lift     You high,      Je - sus    be glo    -  ri-fied
 -  | G  -  A        -      | Bm   -          -   -     | G         -       A  -   | D        -   -   -  | D  -
In  all     things,   for all   my life,     I am Yours,    for-e-ver  Yours

Verse 2
-             -           | G  -            -                   -           | D/F#      -
   There is a King        who bore the scars    of heal   -   ing
-             -           | G  -             -                   -              | D/F#   -
   There is a Son          who came in grace    and truth
-              -                | G  -           -               -            | D/F#       -
   How great the love         that car-ries us     to kind   -   ness
    -      -          | Em  -                -       -        | A       -   D7   -
Won-der - ful,            You’re won-der - ful

(Repeat Chorus)

Bridge (2x)
       | G      -         A       -     | Dsus2  -       D      -   
God  here     and now,      be lift      -   ed high
        | G      -         A       -     | Dsus2  -        D     -     
Right here     and now,      be glo     -   ri - fied
   -      | G       -          A        -
God of Hea-ven and Earth
   -                       | Bm         -               -
God Who brought      me back to life
-     | G         -       A   -  | Bm (D)   -   -   -
I am Yours,    for-e-ver  Yours

(Repeat Chorus)

Outro (Minimum Instrument or plucking, can also do tag 3)
     | G      -    A      -   | Bm  -            -    -   | G - A   -    | Dsus2 -     D   
So  here     I bow     to lift     You high,      Je - sus    be glo    -  ri-fied
 -  | G  -  A        -      | Bm   -          -   -     | G         -       A  -   | D        -   -   -  | D  -
In  all     things,   for all   my life,     I am Yours,    for-e-ver  Yours


Here I Bow – Brian Johnson & Jenn Johnson
Writer(s): Jenn Johnson, Matt Redman, Jonas Myrin, Brian Johnson, Jason Ingram
Produced by Bethel Music
Album After All These Years
Original Key: D (Female Singer)   Key: G (Male Singer)
Time Signature: 4/4        Tempo: 69 bpm
Sequence: Intro-V1-C-V2-C-C-B-B-C-Outro
Hp Recording: 26/7/17 (G) (Guys Melody)

Intro: | D  -  -  -  | D  -  -  -  | D  -  -  -  | D  -  -  - |

Verse 1
D                        G                                     D/F#
  Where would I run, But to the throne of mercy
                         G                                       D/F#
Where would I kneel, But at this cross of grace
                        G                                               D/F#
How great the love, How strong the hand that holds us
          Em                A    D7
Beautiful, so beautiful

Chorus
     G        A          Bm                  G A        D
So here, I bow, to lift You high, Jesus, be glorified
     G  A              Bm                     G             A      D
In all things, for all my life, I am Yours, forever Yours

Verse 2
                 G                                           D/F#
There is a King, Who bore the scars of healing
                 G                                            D/F#
There is a Son, Who came in grace and truth
                        G                                  D/F#
How great the love, That carries us to kindness
             Em                          A    D7
Wonderful, You’re wonderful

(Repeat Chorus 2x)

Bridge (2x)
        G             A           D
God here, and now, be lifted high
          G             A           D
Right here, and now, be glorified
            G                A           
God of heaven and earth
                 Bm
God Who brought me back to life
        G             A      D
I am Yours, forever Yours

(Repeat Chorus)

Outro
     G        A          Bm                  G A        D
So here, I bow, to lift You high, Jesus, be glorified
     G  A                    Bm                      G             A      D
In all things, and for all my life, I am Yours, forever Yours


Back to Praise And Worship Songs Content Page For More Other Songs With Chords

Lyrics for Here I Bow - Brian Johnson & Jenn Johnson

Here I Bow – Brian Johnson & Jenn Johnson
Writer(s): Jenn Johnson, Matt Redman, Jonas Myrin, Brian Johnson, Jason Ingram
Produced by Bethel Music
Album After All These Years
Original Key: D (Female Singer)   Key: G (Male Singer)
Time Signature: 4/4        Tempo: 69 bpm
Sequence: Intro-V1-C-V2-C-C-B-B-C-Outro

Verse 1
Where would I run, But to the throne of mercy
Where would I kneel, But at this cross of grace
How great the love, How strong the hand that holds us
Beautiful, so beautiful

Chorus
So here, I bow, to lift You high, Jesus, be glorified
In all things, for all my life, I am Yours, forever Yours

Verse 2
There is a King, Who bore the scars of healing
There is a Son, Who came in grace and truth
How great the love, That carries us to kindness
Wonderful, You’re wonderful

(Repeat Chorus 2x)

Bridge (2x)
God here, and now, be lifted high
Right here, and now, be glorified
God of heaven and earth
God who brought me back to life
I am Yours, forever Yours

(Repeat Chorus)

Outro
So here, I bow, to lift You high, Jesus, be glorified
In all things, and for all my life
I am Yours, forever Yours




Praise & Worship Songs Content Page
Christmas Carols Content Page

Latest Addition

So Close (I Believe) – Darlene Zschech. G-A Chord
In Your Presence I Am Content – Chris Bowater. D Chord
Beautiful Saviour – Planet Shakers. E Chord
Beautiful Saviour – Planet Shakers. G Chord
One Day – Hillsong @ 2010. G Chord
One Day – Hillsong @ 2010. A Chord
You Deserve The Glory (You Are Great) – Tim Hughes @ 2007. G Chord
Lord You Are (More Precious Than God) – Misc Praise Song. C Chord. F Chord. G Chord
No Higher Calling (Down At Your Feet). G Chord
Great Things – Phil Wickham @ 2018. G Chord
A God Like You – Kirk Franklin. C Chord
It's The Most Wonderful Time Of The Year (Redeemed Version) – Andy Williams @ 1963. D Chord
It's The Most Wonderful Time Of The Year – Andy Williams @ 1963. D Chord
In Christ Alone – Brain Littrell. D Chord
Doxolog/Amen – Phil Wickham @ 2016. D Chord
Doxology – Kristene Dimarco Bethel Music @ Jul 2017. D Chord
See A Victory – Elevation Worship @ Jul 2019. G Chord
Living Hope – Bethel Music Worship @ Jan 2018. C Chord
Victory Is Yours – Bethel Music @ Jan 2019. A Chord
Victory Is Yours – Bethel Music @ Jan 2019. D Chord
    血.G Chord
We Praise You – Bethel Music (Brandon Lake) @ May 2019. A Chord
一切歌颂赞美. D Chord
King of kings – Hillsong Worship @ Apr 2019. D Chord
Shout Unto God – Hillsong United @ 2009. D Chord
Way Maker - Sinach @ Apr 2016. A Chord
Way Maker - Sinach @ Apr 2016. C Chord
Good Grace - Hillsong United @ Mar 2019. G Chord
Oh I Want To Know You More - Steve Green. G Chord
To Keep Your Lovely Face. D Chord
Come On And Celebrate. D Chord
Come On And Celebrate. G Chord
From The Rising Of The Sun - Hosanna Music. D Chord
There Is A Fountain (Full Of Love) – Shane & Shane @ Feb 2019. G Chord
You Shall Go Out With Joy. G Chord
How Great You Are – Maranatha Music. G Chord
Raise A Hallelujah – Bethel Musci @ Jan 2019. G Chord
Raise A Hallelujah – Bethel Music @ Jan 2019. C Chor
The Lord Is My Shepherd – Stuart Townend. C Chord
Break Every Chain – Jesus Culture @ 2011. A Chord
Praise The Lord For He Is Good – New Creation Church NCC. D Chord
Latter Rain – New Creation Church NCC @ Mar 2019. D Chord
Latter Rain – New Creation Church NCC @ Mar 2019. C Chord
So Much More – New Creation Church NCC @ June 2018. D Chord
Jesus We Enthrone You – Don Moen. G Chord
So You Would Come – Hillsongs @ 1996. G Chord
So You Would Come – Hillsongs @ 1996. C Chord
Goodness Of God – Bethel Music Worship @ Jun 2018. A Chord
Goodness Of God – Bethel Music Worship @ Jun 2018. G Chord
Goodness Of God – Bethel Music Worship @ Jun 2018. D Chord
Goodness Of God – Bethel Music Worship @ Jun 2018. C Chord
Yahweh – Reuben Morgan @ 2009 Hillsong Chapel. G Chord
Let The Rain Of Your Presence – Danny Chamber. F Chord
All Glory And All Praise – NCC @ July 2006. Album: You Alone I Praise. C Chord
Living Hope – Bethel Music Worship @ Jan 2018. A Chord
Living Hope – Bethel Music Worship @ Jan 2018. D Chord
There Shall Be Showers Of Blessing – A Chord
你愛永不變 – 巫啟賢&璽恩.C Chord
你愛永不變 – 巫啟賢&璽恩.F Chord
这一生最美的祝福 赞美之泉 (Streams Of Praise). D Chord
I Will Run To You – Darlene Zschech Hillsong. G Chord
Above All – Michael W. Smith @ 2001. G Chord
Care Chorus – Kelly Willard, Maranatha @ 1978. C Chord
Lord I Thirst For You – Integrity's Hosanna! Music @ 1993. F Chord
Defender – Upper Room / Jesus Culture / Bethel Worship @ 2016. G Chord
One Thing Have I Desired – Maranatha. E Chord
恩典之-讚美之泉@2009. G Chord
恩典之-讚美之泉@2009. C Chord
Love Grows At Christmastime - One Voice Children's Choir @ 2012. Ab Chord
King of Kings - One Voice Children's Choir @ 2012. Eb Chord
Surrounded (Fight My Battles) – Upper Room. C Chord
Victor's Crown – Darlene Zschech @ 2013. C Chord
Go Tell It On The Mountain (One Voice Children Choir Version). E Chord
Go Tell It On The Mountain (NCC Christmas 2018 Version). E Chord
I Do Believe In Christmas - Santa Paws. Eb-F Chord
I Do Believe In Christmas (NCC Christmas 2018 Version) - Santa Paws. E Chord
Jesus Paid It All - Kristian Stanfill. G Chord
Nothing But The Blood. G Chord
Blessed Assurance – Misc Praise Songs. C Chord
In Christ Alone (Passion) – Kristian Stanfill. C Chord
In Christ Alone (Passion) – Kristian Stanfill. F Chord
Reckless Love – Cory Asbury, Bethel Music @ Sep 2017. C Chord
God You’re So Good – Passion @ Feb 2018. C Chord
So Much More – New Creation Church NCC @ June 2018. D Chord
God Is Good All The Time – Don Moen. C Chord
God Is Good All The Time – Don Moen. D Chord
Tremble – Mosaic MSC @ Jun 2017. C Chord
神大愛 – 鄧淑儀.G Chord
Oh The Glory Of Your Presence – A Chord
When I Did Nothing At All – New Creation Church NCC @ 2011. D Chord
When I Did Nothing At All – New Creation Church NCC @ 2011. D Chord
Peace Be Still – The Belonging Co (Lauren Daigle) @ June 2017. G Chord
Peace Be Still – The Belonging Co (Lauren Daigle) @ June 2017. A Chord
Who You Say I Am – Hillsong Worship @ Feb 2018. C Chord
Who You Say I Am – Hillsong Worship @ Feb 2018. G Chord
Lift Up Your Head –  G Chord
As The Deer – Hillsongs. C Chord

This Is Amazing Grace – Bethel Music @ Aug 2012. C Chord  
This Is Amazing Grace – Bethel Music @ Aug 2012. G Chord
It Is Well – Kristene DiMarco & Bethel Music @ 2013. D Chord
It Is Well – Kristene DiMarco & Bethel Music @ 2013. G Chord
Reckless Love – Cory Asbury, Bethel Music @ Sep 2017. C Chord
Reckless Love – Cory Asbury, Bethel Music @ Sep 2017. D Chord
Reckless Love – Cory Asbury, Bethel Music @ Sep 2017. G Chord
One Thing Remains – Bethel Music @ Sep 2010. G Chord
Mention Of Your Name – Bethel Music @ 2016. F Chord  

Build My Life – Housefire, Brett Younker @ Dec 2016. G Chord  
Build My Life – Housefire, Brett Younker @ Dec 2016. C Chord
On And On – Housefires @ Apr 2017. D Chord  

God You’re So Good – Passion @ Feb 2018. C Chord
God You’re So Good – Passion @ Feb 2018. G Chord  
In Christ Alone (Passion) – Kristina Stanfill. C Chord
In Christ Alone (Passion) – Kristina Stanfill. F Chord
In Christ Alone – Keith Getty, Smart Townend. D Chord
Empower Me – Christian Song. G Chord  
We Will Glorify – Twila Paris @ 1982. D-E Chord  
Blessed Jesus – Maranatha Music. C Chord  

I Belong To You – Darlene Zschech (Hillsong United). G Chord  
Lord Most High – Bob Fitts @ 1996. E Chord  
You Are The Great I AM – Bob Fitts @ 2016. A Chord  
I am That I AM – Bob Fitts @ 2016. A Chord
To Honor You (Teach Us O Lord To Number Our Days) – Bob Fitts @ 2001. F Chord

----------------------------------------------

Therefore Being Justified. C Chord
This Is Our God – Hillsongs. D Chord
Turn Your Eyes Upon Jesus – Alan Jackson. C Chord
In The Shadow Of Your Wings – Joseph Prince. D Chord
He Is The King Of Kings – Misc Praise Song. D Chord
Let The Redeemed – Don Moen. D Chord
Ah Lord God – Don Moen. D Chord
What A Mighty God We Serve – Misc Praise Song. D Chord
My Jesus I Love Thee – Darlene Zschech. A Chord
My Jesus I Love Thee – Misc Praise Songs. G Chord
Spirit Move – Bethel Music @ Sep 2015. G Chord
真爱 – True Love 副建 (Hokkian) Kelvin Soh 苏世民. C Chord
Hear Our Praises – Hillsong United @ 2000. C Chord
I Will Come And Bow Down – Ron Kenoly. C Chord
King Of My Heart – John Mark McMillan. G Chord
When I Survey The Wondrous Cross – Kathryn Scott. G Chord
When I Survey The Wondrous Cross – Kathryn Scott. C Chord
When I Survey The Wondrous Cross – Isaac Watts. G Chord
Here Is Love – Matt Redman and Bethel Music. F Chord
Here Is Love – Matt Redman. G Chord
Be Still And Know – Stephen Dean. C Chord
There Is A Fountain – Norton Hall Band, William Cowper. G Chord
On Christ The Solid Rock I Stand – Misc Praise Song. E Chord
The Lord’s my Shepherd. D Chord
轻轻听 Qing Qing Ting (Listen Quitely). D Chord
Everlasting God – Chris Tomlin @ 2007. G Chord
God’s Great Dance Floor – Chris Tomlim @ 2013. G Chord
One Voice, With One Heart Medley. E Chord
You Are Great – Darlene Zschech @ July 2016. A Chord
Love and Wonder – Darlene Zschech @ March 2017. A Chord
First Love – Darlene Zschech @ Dec 2016. A Chord
Beloved (When I Survey) – Darlene Zschech @ March 2017. G Chord
Daylight – Darlene Zschech @ March 2017. A Chord
Beloved (When I Survey) – Darlene Zschech @ March 2017. G Chord
Here I Bow – Brian Johnson & Jenn Johnson. D Chord

Back to Praise And Worship Songs Content Page For More Other Songs With Chords


YouTube Video Plays in Key: C, Sings in Key: D (Female Singer)

YouTube Video Plays in Key: G, Sings in Key: A (Male Singer)



YouTube Video Plays in Key: G, Sings in Key: G (Male Singer)