It’s always a good thing to prepare yourself when you plan to buy something as crucial as your own home. There are few things you need to know if you’re going through the home buying process for the first time. Here are a few important factors that you should keep in mind before signing on […]
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 […]
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 […]
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 […]
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 […]
Property purchase is a long-term commitment and buyers should always remain cautious before they make a purchase with a housing loan or mortgage. Singapore Interbank Offered Rates (SIBOR) has been on the rise since 2016. Homebuyers are expected to pay a higher monthly mortgage; hence they should adopt an even more careful approach and calculate […]
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 […]
When choosing a mortgage, will a fixed or variable rate best serve your needs? Fixed-rate mortgages are what they sound like: the payment rates are set at the beginning and do not change for the entire course of the term. If the market rates go up you are protected. However, if rates go down you […]
Getting a home-mortgage is a time-consuming and stressful exercise. You need to have a good credit standing and have to comply with the many legal requirements of your bank. But sometimes, problems may arise and you may want to cancel that hard-earned mortgage before maturity. Cancelling and refinancing a home loan in Singapore is […]
Finding a house of your dreams and then getting the best mortgage package according to your requirements can be the most hectic and stressful job of your life. You probably have plenty of questions on your mind. Below are some frequently asked question and their answers that potential buyers and mortgage borrowers should ask their […]
