The Advantages and Disadvantages of Mortgage Loans

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For the majority of people, it’s almost impossible to buy a home without a mortgage loan. Putting hundreds of thousands of dollars together and buying a home is a privilege for only a few people. Homebuyers scrape together as much of the deposit as possible, and they collect the rest of the money from credit […]

5 Important Facts about Mortgage Loans You Should Know

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Singapore property prices are permanently elevated mainly because land is scarce and incomes are reasonably high. However, Singapore has one of the highest home-ownership ratios in the region, if not globally.   The government has put in place sufficient measures to make home-ownership affordable to the populace. With this in mind, it is crucial for […]

Facts to Consider When Picking a Home Loan Package

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In a free market, the beneficiaries of competition are often the customers. But it’s not always a rosy picture, especially when the commodity must be of a high quality and requires substantial financial commitment.   Such is the dilemma prospective homeowners’ face when they compare housing loan rates Making a wrong choice will translate to […]

Quick Tips on Finding the Best Mortgage Loan Rate

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What is the most critical parameter to a mortgage? The interest rate. Interest is the price paid for the borrowed capital and it varies from one institution to another. Due to the considerable influence of the free market on the mortgage industry in Singapore, prices and interest rate vary according to the demand and supply […]

Is Refinancing My Home Loan a Good Idea?

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Are you planning to refinance your home loan? Here’s a piece of advice: “Don’t do it without properly weighing its pros and cons”. Refinancing could be a good idea if done the right reasons, and it could also be a bad idea if done for the wrong reasons. Let’s take a look at what it […]

When Should I Refinance my Mortgage Loan?

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When we own a property and we have a mortgage on that property, refinancing is closing that mortgage and opening a new one. So, when we refer to refinancing a home loan in Singapore, we are actually breaching the old mortgage or contract and we’re pulling up the equity from the house and starting a […]

Types of Housing Loans in Singapore

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The most popular forms of housing loan packages in Singapore are the fixed rate and floating rate, which are pegged to the Singapore Interbank Offered Rate (SIBOR). However, many housing loan packages come with various lock-in periods ranging from no lock-in to a one-year, two-year or three-year locking. The lock-in period means the amount of […]

 
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