MAS Broadens Exemption from TSDR Threshold for Refinancing

[Ben]

I just found out under the definitions for TDSR and MSR, assets such as stocks and unit trusts can contribute to the Gross Monthly Income.

e.g.

$1m worth of stocks will add

$1,000,000 x 30% / 48 months = $6,250 per month

to the gross income.

This is interesting. Can you explain the calculation? I don't get it. Also, can you share the link to the source? Thanks!