This financial planner app tells you which properties to buy, your property's sale value and how much to cash-out

Failing to plan is planning to fail – which is why homeowners spend hours calculating their savings, CPF monies and salaries to find out which property decision is best for them. Not everyone is a math whiz however, and there are many complicated, albeit helpful, rules laid out by the government one needs to apply.   

SRX Property, a comprehensive resource for real estate knowledge, makes it easier to understand your current or future property with the launch of Unlock My Home’s Wealth financial-planning calculator. The web-app employs big data, including X-Value computer-generated valuations, to inform users everything they need to know about upgrading their homes, rightsizing properties or taking cash out of their homes.

It ensures accuracy by applying the Central Provident Fund’s (CPF) borrowing rules, Total Debt Servicing Ratio (TDSR), and IRAS stamp duty rules, too. You can even adjust CPF details, additional savings and mortgage variables!

“While developing Unlock My Home’s Wealth, we learned that it is impossible to use an excel spreadsheet to manually calculate all the variables and then conduct what-if-then scenarios. This led us to the idea of developing a toggle switch that makes it fun and fast to adjust cash-out and savings to see what properties you can afford,” said Jeremy Lee, Chief Technology Officer of SRX Property. “

Unlock My Home’s Wealth features various strategies, including:

• Zero Cash Outlay Upgrade
• . Ideal for newlyweds or young families who do not have the regular savings to apply to an upgrade.

• Cash-Out and Upgrade
• . Ideal for families and other aspirational buyers who want more room or amenities.

• Cash-Out and Right-size
• . Ideal for empty-nesters or retirees.

• Cash-Out and Maintain a Similar Home
• . Ideal for HDB owners who would like to take some cash out against their homes while maintaining their standard of living.

• Cash-Out and Rent
• . Ideal for opportunistic homeowners or those who wish to apply their cash-out to big-ticket items like building a new home, funding a student’s education abroad or investing in a new business.

• Cash-Out Completely
• . Ideal for those who are moving in with someone else and want to invest in something other than property, like other financial assets, a new business, retirement, or just themselves.

Find the Unlock myHome’s Wealth app on My SG Home (previously known as My Property Tracker).