home equity credit lines

Home Equity Credit Lines Home Equity Credit Lines U sing a credit line to borrow against the equity in your home has become a popular source of consumer credit. And lenders are offering these home equity credit lines in a variety of ways. You will find most loans come with variable interest rates, some come with attractive low introductory rates, and a few come with fixed rates. You also may find most loans have large one-time upfront fees, others have closing costs, and some have continuing costs, such as annual fees. You can find loans with large balloon payments at the end of the loan, and others with no balloons but with higher monthly payments. No one loan is right for every homeowner. The challenge, then, is to contact different lenders, compare options, and select the home equity credit line best tailored to your needs. Be sure to review the home equity contract carefully before you sign it. Do not hesitate to ask questions about the terms and conditions of your financing. To help you do this, you may want to consider the following questions and to use the checklist at the end of this brochure. (We apologize that the checklist is not available on-line. To obtain a copy of the checklist, please request a free copy of the brochure by contacting: Public Reference, Federal Trade Commission, Washington, D.C. 20580; (202) 326-2222. TDD call (202) 326-2502.) Is a home equity credit line for you? If you need to borrow money, home equity lines may be one useful source of credit. Initially at least, they may provide you with large amounts of cash at relatively low interest rates. And they may provide you with certain tax advantages unavailable with other kinds of loans. (Check with your tax adviser for details.) At the same time, home equity lines of credit require you to use your home as collateral for the loan. This may put your home at risk if you are late or cannot make your monthly payments. Those loans with a large final (balloon) payment may lead you to borrow more money to pay off this debt, or they may put your home in jeopardy if you cannot qualify for refinancing. And, if you sell your home, most plans require you to pay off your credit line at that time. In addition, because home equity loans give you relatively easy access to cash, you might find you borrow money more freely. Remember too, there are other ways to borrow money from a lending institution. For example, you may want to explore second mortgage installment loans. Although these plans also place an additional mortgage on your home, second mortgage money usually is loaned in a lump sum, rather than in a series of advances made available by writing checks on an account. Also, second mortgages usually have fixed interest rates and fixed payment amounts. You also may want to explore borrowing from credit lines that do not use your home as collateral. These are available with your credit cards or with unsecured credit lines that let you write checks as you need the money. In addition, you may want to ask about loans for specific items, such as cars or tuition. How much money can you borrow on a home equity credit line? Depending on your creditworthiness (your income, credit rating, etc.) and the amount of your outstanding debt, home equity lenders may let you borrow up to 85% of the appraised value of your home minus the amount you still owe on your first mortgage. Ask the lender about the length of the home equity loan, whether there is a minimum withdrawal requirement when you open your account, and whether there are minimum or maximum withdrawal requirements after your account is opened. Inquire how you gain access to your credit line -- with checks, credit cards, or both. Also, find out if your home equity plan sets a fixed time -- a draw period -- when you can make withdrawals from your account. Once the draw period expires, you may be able to renew your credit line. If you cannot, you will not be permitted to borrow additional funds. Also, in some plans, you may have to pay your full outstanding balance. In others, you may be able to repay the balance over a fixed time. What is the interest rate on the home equity loan? Interest rates for loans differ, so it pays to check with several lenders for the lowest rate. Compare the annual percentage rate (APR), which indicates the cost of credit on a yearly basis. Be aware that the advertised APR for home equity credit lines is based on interest alone. For a true comparison of credit costs, compare other charges, such as points and closing costs, which will add to the cost of your home equity loan. This is especially important if you are comparing a home equity credit line with a traditional installment (or second) mortgage, where the APR includes the total credit costs for the loan. In addition, ask about the type of interest rates available for the home equity plan. Most home equity credit lines have variable interest rates. These variable rates may offer lower monthly payments at first, but during the rest of the repayment period the payments may change and may be higher. Fixed interest rates, if available, may be slightly higher initially than variable rates, but fixed rates offer stable monthly payments over the life of the credit line. If you are considering a variable rate, check and compare the terms. Check the periodic cap, which is the limit on interest rate changes at one time. Also, check the lifetime cap, which is the limit on interest rate changes throughout the loan term. Ask the lender which index is used and how much and how often it can change. An index (such as the prime rate) is used by lenders to determine how much to raise or lower interest rates. Also, check the margin, which is an amount added to the index that determines the interest you are charged. In addition, inquire whether you can convert your variable rate loan to a fixed rate at some future time. Sometimes, lenders offer a temporarily discounted interest rate -- a rate that is unusually low and lasts only for an introductory period, such as six months. During this time, your monthly payments are lower too. After the introductory period ends, however, your rate (and payments) increase to the true market level (the index plus the margin). So, ask if the rate you are offered is "discounted," and if so, find out how the rate will be determined at the end of the discount period and how much larger your payments could be at that time. What are the upfront closing costs? When you take out a home equity line of credit, you pay for many of the same expenses as when you financed your original mortgage. These include items such as an application fee, title search, appraisal, attorneys' fees, and points (a percentage of the amount you borrow). These expenses can add substantially to the cost of your loan, especially if you ultimately borrow little from your credit line. You may want to negotiate with lenders to see if they will pay for some of these expenses. What are the continuing costs? In addition to upfront closing costs, some lenders require you to pay continuing fees throughout the life of the loan. These may include an annual membership or participation fee, which is due whether or not you use the account, and/or a transaction fee, which is charged each time you borrow money. These fees add to the overall cost of the loan. What are the repayment terms during the loan? As you pay back the loan, your payments may change if your credit line has a variable interest rate, even if you do not borrow more money from your account. Find out how often and how much your payments can change. You also will want to know whether you are paying back both principal and interest, or interest only. Even if you are paying back some principal, ask whether your monthly payments will cover the full amount borrowed or whether you will owe an additional payment of principal at the end of the loan. In addition, you may want to ask about penalties for late payments and under what conditions the lender can consider you in default and demand immediate full payment. What are the repayment terms at the end of the loan? Ask whether you might owe a large payment at the end of your loan term. If so, and you are not sure you will be able to afford the balloon payment, you may want to renegotiate your repayment terms. When you take out the loan, ask about the conditions for renewal of the plan or for refinancing the unpaid balance. Consider asking the lender to agree ahead of time and in writing to refinance any end-of-loan balance or extend your repayment time, if necessary. What safeguards are built into the loan? One of the best protections you have is the Federal Truth in Lending Act, which requires lenders to inform you about the terms and costs of the plan at the time you are given an application. Lenders must disclose the APR and payment terms and must inform you of charges to open or use the account, such as an appraisal, a credit report, or attorneys' fees. Lenders also must tell you about any variable-rate feature and give you a brochure describing the general features of home equity plans. The Truth in Lending Act also protects you from changes in the terms of the account (other than a variable-rate feature) before the plan is opened. If you decide not to enter into the plan because of a change in terms, all fees you paid earlier must be returned to you. Because your home is at risk when you open a home equity credit account, you have three days to cancel the transaction, for any reason. To cancel, you must inform the lender in writing. Following that, your credit line must be cancelled and all fees you have paid must be returned. Once your home equity plan is opened, if you pay as agreed, the lender, in most cases, may not terminate your plan, accelerate payment of your outstanding balance, or change the terms of your account. The lender may halt credit advances on your account during any period in which interest rates exceed the maximum rate cap in your agreement, if your contract permits this practice. For More Information The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or to get free information on consumer issues , visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft and other fraud-related complaints into Consumer Sentinel , a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. FEDERAL TRADE COMMISSION FOR THE CONSUMER 1-877-FTC-HELP www.ftc.gov June 1992

House Rent

Expat Singapore - Houses In Singapore For Rent Search this site Searching for aroad or building? Basics Before Coming Culture Shock Expat Tips General Info Once You're Here Setting Up Singapore Dining Singapore Life Travel Resources Careers Expat Friends Links & Resources Message Board Schools & Childcare Products & Services All Car Rental Financial Services Legal Services Furniture & Decoration Fine Wines Housing International Movers Serviced Apartments Travel Professional Maid Services ExpatSingapore About Us Advertise With Us Archived Articles E-letters Email Us Events Photos Register Search our Site Bookmark Us: Hold down Control and press D Home Register Message Board Resources About us Houses In Singapore For Rent Click here to see Apartments for rent Click here to see Rooms for rent Relocation Services Click Here EXPAT HOUSING - Your Real Estate Contact If you are interested in advertising on our site, please Email us for rates and details. For a more up-to-date listing on houses available for rent, please go to the Message Board Setting Up home in Singapore? We can help you. As we are associated with the Expat Singapore website, we will ensure your interests are looked after, and that your housing needs are best met. Tell us when you are arriving, when you'd like to view or rent the property, your budget as well as what you'd like - house versus apartment, number of rooms, facilities, preferred location, etc - and leave the rest to us. Our associates, prequalified real estate agents, will be in touch with you directly once initial contact has been made. For monthly rentals above S$2500.00 on a two year lease or above S$5000 on a one year lease, there is no charge for services. Otherwise the agency fee payable by the tenant to the real estate agent is 2 weeks' rent. Special note : Several of our realtors have given us feedback that expats seeking housing go to different agents at the same time. We do not encourage this as this not only causes confusion but often upsets all parties concerned - the agents, landlords, and ultimately the tenants themselves. You may choose not to use any of our recommended agents, but if you do, kindly cooperate and be considerate to these service professionals. Thank you. For any queries and/or assistance with viewing of any of the properties, including many more not listed here, please contact us Telephone : 65 - 6226 6062 If you are interested in advertising on our site, please Email us for rates and details. ***** Holland Road houses for rent Nice and quiet neighbourhood. Off Holland Road and very close to Holland Village. 1. 2-storey semi-detached. Newly renovated. Land size 4,800 sqft; built-in 2,800 sqft. 4+1 bedrooms. Asking S$5,000. Immediate. 2. Single storey bungalow. Charming. A little old-world style. Huge garden. Land size about 8,600 sqft; built-in 2,500 sqft. 4+1. Asking S$8,000. Immediate. 3. Off Grange Road. Very convenient to Orchard Road. Modern 3-storey semi-detached. Land size 2,200 sqft; built-up 3,000 sqft. 4+1+1. Asking S$7,000.00. Immediate. Enquiries and viewing appointments : please call (+65) - 6226 6062 or Email us Bungalows near American school 3 Unit Bungalows with Swimming Pools For Rent in the American School vicinity - yes, walk to and from school! 1. 2 units Classic-Styled Bungalow dwellings. 2. 1 unit Modern design, brand new Bungalow. Location : Right by the American School. Description. a) Approximately 8,000 sqft plot; 8000 sqft built-up for the 2 units Classic designed bungalows, with in-ground swimming pool. b) Modern brand new unit is about 11,500 sqft plot, 5,700 sqft built-up, with in-ground pool. All houses well fitted out, fully air-conditioned, cabled. 3. Price : a) Classic designs : S$13,000 per month; b) Modern design : S$16,500 per month. 4. Availability : Immediately. Please Email us or call (+65) 6226 6062. House near American / Canadian school Location : Upper Bukit Timah, in quiet residential neighbourhood. Conveniently located near shopping mall, banks, food places and French School. Description : Plot Size 7000 sqft; Built-up 4400 sqft. 4+1 rooms, with huge garden (front and back). Newly and completely renovated, like new. Asking : S$6,000.00 pm, partially furnished. Availability : Immediately. Contact: Email us or call 65-6226 6062. East Coast semi-detached house Location : Siglap, East Coast. Very convenient to city centre. Close to amenities and beach. Description : Beautiful 2-storey semi-detached house with garden. 3+1 rooms, Plot size : 2800 sqft; Built-Up space : 4,000 sqft. (Lots of space!) Asking : S$5,000.00 pm negotiable. Availability : Immediately. Contact: Email us or call 65-6226 6062. Huge East Coast townhouse for rent Location : Brand new townhouse in East Coast, right by the Tanah Merah MRT (4 minutes from condo entrance!). Description : 4 levels, 4 bedroooms, 2800 sqft of space! 2 covered basement car-park lots. Partially furnished but property comes with many electrical appliances eg overhead projector with home entertainment system, huge television set. Asking : S$3,500.00 pm negotiable. Availability : Immediately. Contact: Email us or call 65-6226 6062. Conservation shophouse: home and office One of only 5,000 units in all of Singapore. Full of History; built during Singapore's early founding days. Houses for rent: conservation shophouse, Balinese-style terrace house 1. Emerald Hill 3-storey, fully restored shophouse with roof terrace and car porch. 4 + 1. Very rarely available. Built-in: 5,000 sqft Rent: Asking S$16,000 2. Makepeace Road Beautifully landscaped, Balinese design, corner terrace house. 3 + 1 + 1 with gazebo. Charming. Land: 3,300 sqft Built-in: 3,400 sqft Rent: Asking S$9,000 These properties are available immediately. Please email Email us or phone 62266062 for further information. ***** More houses for rent 1. Bukit Timah Nature Reserve a) 3-storey semi-detached house. 4 + 1, pool. Brand new. Land: 2,220 sqft Built-in: 3,000 sqft Rent: Asking S$10,000 b) 3-storey detached bungalow. 5 + 1, pool. Brand new. Land: 4,400 sqft Built-in: 5,150 sqft Rent: Asking S$15,000 2. Kheam Hock Road, off Bukit Timah 2.5-storey bungalow, 6 + 1, pool. Rent: Asking S$15,000 3. Thomson Road a) Huge bungalow, Windsor Park. 5 + 1, pool. Land: 25,000 sqft Built-in: 7,000 sqft Rent: Asking S$28,000 b) Semi-detached, Springleaf Garden. 4 + 1. Land: 3,600 sqft Built-in: 2,800 sqft Rent: Asking S$4,500 These properties are available immediately. Please email Email us or phone 62266062 for further information. ***** Bungalows, semi-detached and terrace houses for rent 1. Gallop Road - bungalow Land: 15,000 sqft Built-in: 5,000 sqft 4 + 3, pool, beautiful garden. Rent: Asking S$15,000 2. Leedon Park - bungalow Land: 20,000 sqft Built-in: 11,000 sqft 6 + 2, pool, huge mature garden. Rent: Asking S$30,000 3. Andrew Road - bungalows (2 units) Land: 17,000 / 13,000 sqft Built-in: 5,000 sqft Both houses come with outhouse, patio and garden. Rent: Asking S$15,000 / S$11,000 4. American School vicinity, walk to school! a) Bungalows for rent with pool, 5 + 1. Land: 11,000 sqft Built-in: 5,000 sqft Rent: Asking S$13,000 b) Terrace houses for rent, 4 + 1. Land: 2,000 - 3,200 sqft Built-in: 3,000 - 3,700 sqft Rent: Asking S$5,500 - S$7,000 5. Sunset Drive (off Holland Village / Bukit Timah) Land: 6,750 sqft Built-in: 5,600 sqft 4 + 1, with pool. Rent: Asking S$11,000 6. Bukit Timah (2 units) a) Semi-detached house, brand new. 4 +1. Land: 4,400 sqft Built-in: 3,500 sqft Rent: Asking S$7,500 b) Bungalow, 4 + 3. Land: 10,000 sqft Built-in: 5,500 sqft Rent: Asking S$11,000 These properties are available immediately. Please email Email us or phone 62266062 for further information. ***** West Coast bungalow for rent Description: 11,500 sqft bungalow on hilltop. 4 + 1 bedrooms plus 3 bathrooms, swimming pool (regularly maintained) and patio. Fully furnished. Location: Pasir Panjang, West Coast Availability: Immediate Rent: Asking S$5,500 Contact: 62266062 or Email us ***** Bungalow House for Rent Almost new, beautiful 3-storey bungalow house, 6+1 rooms with built-in wardrobes, 4 bathrooms, high ceiling living hall (7m), 2 jacuzzi bathtubs. Big masterbedroom. Approx. 5000 sq.ft with aboveground pool. Located in bungalow zone, 50m away from quiet playground, walking distance to East Coast Park, 400m from Kembangan MRT. Price : Asking $11K, partially furnished. Available now. Contact : email us or 62266 062 ***** House for rent at Woodgrove View, Century Woods, next to American school Location: Woodgrove View, Century Woods. 1 minute walk to American school. Large American Community. MRT station and Supermarket within walking distance. Price: S$5,500 Size: 3,200 sq ft built-in, small garden in the front yard. 5 airy bedrooms plus family room with high ceiling. Features: 3 Storey Corner Terrace House. Brand new, fully aircon and partially furnished. Quality finish. Availability: Immediate. Contact: Email us or at (+65) 6226 6062. ***** The Best of Century Woods Phase 2 Location : Woodgrove Walk (adjacent to Singapore American School). Just 1 minute walk to American School. Large and friendly American community. Price : S$7,500 per month. Size: 5 bedrooms plus 1 maid's room plus extra family room. Built in spacious 3,400 sq ft. Features: Brand new 3-storey corner terrace. High ceiling with unique alcove design (not standard feature to all units). Fully air-conditioned. Beautiful garden. Autogate. Morning sun. Partially furnished. Availability: Immediate Contact: Tel: 6226 6062 or email: email us ***** House for rent at Woodgrove View at Century Woods Location: Woodgrove View, Century Woods. Next to American School in Woodlands. Large American Community. Price : S$7.000 Size: Cosy 5 bedrooms plus family room and courtyard. Built in 3,200 sq ft. Features: Intermediate 3 Storey Terrace House. Brand new, fully aircon and partially furnished. Availability : Immediate. Contact: 6226 6062 or email Email us ***** House for rent: a life of luxury awaits you Location : Brandt New 4 Storey Cluster House with full condo facilities and 24 hours security, located 5 mins away from Tanah Merah MRT station, 10 mins to Bugis Junction & City Hall where the Central Business District offers the most cosmopolitan lifestyle. Ideal for nature lovers as is only 5 min drive to East Coast Beach where the famous "Lagoon Seafood Centre" is located. Description : Fully Furnished with five designer bedrooms with full panel of wardrobes, IDD line, SCV, night table with lamps. Master bedroom & living facing swimming pool & greenery. One large living/dinning area & one basement family hall. 2 patios, and 1 large veranda, 1 utility room, 1 store room & washer. See Photos Size : 3,000 sq ft. Price : S$ 4,000.00 per month Available : Immediate Contact : 6226 6062 or email at Email us ***** The following houses were advertised here and rented. They have been placed here so readers know what kind of accommodation Singapore offers. ***** House for rent at Holland Grove Location : Holland Grove vicinity single storey semi-detached, 10 minute walk to Henry Park Primary School and Jelita Cold Storage. Quiet residential area Price : S$5,000 per month. Size: Land 4,069 sq. ft. Built in approx. 2,300 sq ft. Features: Car porch, large living and dining, study, kitchen, 3 bedrooms. Fully air-conditioned. Autogate. Mature garden. Partially furnished. See Photos Availability: Taken Contact: 6226 6062 or Email us ***** House for rent off Grange Road Location : Jalan Kelawar (off One Tree Hill), 3 min from Orchard Road. Description : 3 bedroom, 2 story house, front garden with 2 fish ponds, outhouse, BBQ. Price : S$6800 per month negociable. Availability : Taken Contact : 6226 6062 or email at Email us ***** Semi-Detached House at Siglap Description : Modern and well constructed house in the East Coast for rent. Clean lines, functionally laid out, bright and spacious. There are 5 + 1 + 1 rooms. Fully equipped kitchen with all the appliances to make it your home. Location : Off Siglap Road. 10 minutes by car to CBD Price : S$5,500.00 per month Size : Approx 3,600 sq ft land ; 4,200 sq ft built-in. Availability : Taken ***** House For Rent at Garlick Avenue Location : Bukit Timah vicinity, double storey bungalow house with swimming pool in one of Singapore's finest residential areas. Quiet neighbourhood. 10 mins drive to Orchard Road. Land area : 10,475 sq ft Built-in : 3,853 sq ft Rooms: 4 rooms with attached bathroom Features : High celing, fully air-conditioned. Well kept garden. Partially furnished. See Photos Price : $ 8,000 per month, negotiable. Availability : Taken ***** House for rent at East Coast Location : East Coast vicinity, 3 storey S/Detached, 5 mins to airport, 15 mins to city centre, Quiet neighbourhood. Price : S$5500 per month, negotiable depending what is needed. Size : Built-in 3111 ft2. Features : Large living & dining, Very large master bedroom + 4 bedrooms + 1 maid's room, 6 toilets, Fully air-con, Full kitchen, Car porch, Autogates, Alarm system, Wardrobes Available : Taken ***** 29 Kelulut Hill Location : 29 Kelulut Hill, Off Seletar Hills Type : 2-Storey Intermediate Terrace House Price : S$3,500 /pm (negotiable) with partial furnishings Size : Land: 1,884 sqft / Built-in: 2,151 sqft Features : 4 Bedrooms + 4 En-Suite Bathrooms; Maid's room; Brand New; Autogate; cul-de-sac. Quiet residential area; yet walking distance to shops and amenities. Photos available Availability : Taken No 36, Jalan Merah Saga Location : No 36, Jalan Merah Saga Singapore 278111 Type : 2 storey semi-detached house Price : S$15,000 /pm (negotiable) with partial furnishings Size : Land: 3770 sqft / Built-In: 2500 sqft Features : 5 Bedrooms + 3 Bathrooms + Huge Dining Room Photos available Availability : Taken 31 Nim Green Location: 31 Nim Green, Off Seletar Hills Type : 2-Storey Semi-Detached Price : S$3,500 /pm (negotiable) with partial furnishings Size : Land: 4500 sqft / Built-in: 3520 sqft Features : 3 Bedrooms + 3 Bathrooms + 1 Store-room Photos available Availability : Taken House Also For Sale At S$2.5 million 75 Neram Road Location: 75 Neram Road, Off Seletar Hills, (Near American School) Type : Brand New 2 1/2 Storey Detached Bungalow Price : S$15,000 /pm (negotiable) with partial furnishings Size : Land: 6000 sqft / Built-in: 5500 sqft Features : 6 Bedrooms + 5 Bathrooms + 1 Study-Room + 1 Store-Room + Huge Attic Photos + Floor Plan available Availability : Taken Back to Products and Services About Us | Advertise With Us | Email Us | Missing Links | Register | Search General Info | Getting Here | Starting Up | Once You're Here | Enjoying Singapore | Eating in Singapore | Message Board | FAQs | Products & Services | Links ExpatSingapore Jurong West Post Office P.O. 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Home Equity Apply Now

Home Equity Loans and Home Improvement Loans tag, as close to the beginning of it as possible-- Purchase Refinance Home Equity Apply Now Online Application Status Check Out Today's Rates Search Need Help? Home HOME EQUITY LOANS - or - With Home Equity financing from GMAC Mortgage, your home can become a powerful financial tool. However you decide to use your equity—for a more comfortable retirement, to pay for college, to buy that vacation getaway you always wanted—we can help you access it. Start Your Online Application Find a Local Expert Home Equity Loans A home equity loan gives you the cash you need as a single up-front payment, which you can repay at a fixed rate. If you know exactly how much you need to borrow, a home equity loan may be the best option. Apply Now Home Equity Credit Lines A home equity credit line gives you a revolving source of cash that you can draw from as you need to, up to a maximum amount. The line carries a variable rate with an interest-only option, and you pay interest only on the money you actually use — not the total amount of the credit line. Apply Now Use your equity to buy a home Finance a renovation project SHORTCUTS Home Equity Resources Today's Rates Local Branch Calculators Privacy & Security THE LEARNING CENTER The Right Loan Program First-Time Buyer Guide Buying a Home Loan Programs Simplified Flexible Options for New Home Construction Privacy | Legal Information | Auto Insurance | GMAC HomeSolutions | Contact Us | About Us | Careers | Site Map 2005 GMAC Mortgage Corporation. All Rights Reserved. GMAC is a registered service mark of the General Motors Acceptance Corporation Real Estate and moving services offered by GMAC Home Services, Inc. and GMAC Global Relocation Services, Inc. GMAC Residential Holding Corporation is the parent of GMAC Mortgage Corporation, GMAC Home Services, Inc., Ditech Escrow Services, Inc., GMAC Bank and GMAC HomeSolutions. Because of these relationships, any of these referrals may provide GMAC Residential Holding Corporation with a financial or other benefit. Close This link will take you to another site that is not affiliated with gmacmortgage.com. Therefore, GMAC Mortgage's privacy policy will not apply. For your safety, please check with the sites privacy policy before entering your information. Thank you. Close

Investment Property

Investment Property Databank IPD Home About IPD Portfolio Analysis Services Events Indices and Market Information Indices for Derivatives Online Services -- Download Index Download 2004 full series (pdf) IPD South Africa Information Valuation Guide 2004 Publication Samples Multi Country Index Spreadsheet IPD South Africa Index IPD is now in its tenth year of reporting on the South African market. The project was co-ordinated by SAPIX (The South African Property Information Exchange), which was created in 1997 to develop with IPD an authoritative databank on property investment performance in South Africa. IPD South Africa, a wholly independent subsidiary of IPD, was established at the beginning of 2003 to provide property data to the local market. Total returns - % per year All Property Retail Office Industrial 2000 11.1 10.3 12.7 7.0 2001 10.5 13.2 7.8 7.5 2002 9.6 11.0 5.0 8.8 2003 15.3 17.3 8.9 17.7 2004 23.4 26.1 16.7 24.4 annualised over: 3 yrs 15.9 18.0 10.1 16.8 5 yrs 13.8 15.4 10.1 12.9 10 yrs 13.4 16.0 9.9 12.2 South African commercial property delivered the highest return seen in the last ten years. Total returns for South African commercial property accelerated to 23.4% in 2004, up from 15.3% in 2003, breaking the previous record of 17.4% set in 1997. In the process property as an asset class outperformed most others with the exception of equities, which did slightly better, year on year. The return on bonds came a distant third at 14.1% in 2004, compared to property’s 23.4% and 25% for equities. Commenting on the results, Simon Fairchild, IPD UK Director, says that this was another fantastic year for commercial property in South Africa and on a risk adjusted basis direct property is certainly holding its own against the other asset classes. Fairchild further believes that the continued upswing in the South African economy is also being felt in the property sector, which is now starting to deliver results. Over the ten year period property performance has ranked between that of bonds and equities, although the position of these asset classes has been reversed. Bond returns annualised at 18.3% per year, are comfortably ahead of those on property and equities, at 13.4% and 10.6% per year respectively. This performance hierarchy has also been maintained over five years, although property and bonds are tied for first over the three year period ending 2004. Putting it into context, the South African results are the seventh set of results of sixteen to be published by IPD in 2005. Comparatively the South African results are extremely positive both in nominal and real terms. The UK achieved a total return of 18.3% and Canada a total return of 12.9%. At the other end of the scale, Finland achieved a total return of 5.6%. Similarly, in 2003, South African direct commercial property outperformed all other countries measured by IPD. For more information please contact: IPD: Richard Wetherell - tel +44 (0)20 7643 9266 IPD South Africa: Stan Garrun - tel +27 (0)11 883 4977 Total return 2004 - % End 2004 net income yield - % 1 St. John's Lane London EC1M 4BL Tel: +44 (0)20 7336 9200 Fax: +44 (0)20 7336 9399 Privacy Policy | © 2005 IPD Ltd. All Rights Reserved. Home | About IPD | Portfolio Analysis Service | Events | Indices and Market Information | Indices for Derivatives | OPD Designed by Webrepro

Home Loan Bank of

Federal Home Loan Bank of Dallas W e are a cooperatively owned wholesale bank that supports housing and economic development in the communities served by our member institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. Our credit products and other financial services help members deliver financial products to fund housing, small business, rural development and agriculture. Specialized community investment and affordable housing loan and grant programs help finance community redevelopment and expand affordable housing opportunities. Members include commercial banks, savings institutions, credit unions and insurance companies. In The News • Community Investment Program Update • Bulletin 2005-14 Dividend for Fourth Quarter 2005 • Disaster Relief Advances for Texas Counties Affected By Fire • Advisory Council Appointments • Disaster Relief Grant Program • Disaster Relief Advances Available for Louisiana, New Mexico, Mississippi and Texas Quick Links • Investor Relations • Guides & Forms Send comments, questions, and suggestions to fhlb@fhlb.com . © 2005 Federal Home Loan Bank of Dallas. All Rights Reserved. FHLB Dallas website information disclaimer . The material on this site is for informational purposes only. By moving to the next screen, all viewers acknowledge that the presentation of this material (i) does not represent investment advice, (ii) does not constitute an offer to extend credit, a grant or subsidy, and (iii) does not constitute investment solicitation or an offer to buy securities. It is the sole responsibility of the user to check the accuracy of assumptions or other information contained on this site. VIEW FEDERAL HOME LOAN BANK OF DALLAS - World Wide Web (www.fhlb.com) PRIVACY and SECURITY DOCTRINE