Refinancing Singapore Home Loan

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Why consider refinancing? Are you considering to refinance? Have interest rates fallen? Or do you expect them to go up? Would you like to switch into a different type of mortgage? The answers to these questions will influence your decision to refinance your mortgage. But before deciding, you need to understand all that refinancing involves. […]

Before taking a home loan

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You should consider 1. Shopping around – Shop around and compare packages to find the best deal. Do not be enticed into making hasty decisions based on agent recommendation, time pressure, gifts or special tied up rates offered by bankers in the show flats. 1a. Will I be better off if I use the services […]

How to choose a mortgage broker

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Ten years ago there are only a handful of mortgage brokers in Singapore. Today, you will be able to find more than 20 brokers online and they are still expanding. Some are setup by ex-bankers, estate agents, insurance agents and entrepreneurs. With so many choices, how do you choose? What are the roles of mortgage […]

Pay down housing loan with CPF

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Thinking of using your CPF to pay down your housing loan? Some mortgage advisors will suggest doing it when the prevailing housing interest rate is more than 2.5% p.a. Is this correct? Before we answer the question, let’s look at the interest rates in details. CPF Interest Rates For ordinary account (OA), CPF members will […]

How to compare HDB loan to commercial bank loan

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In Singapore, most home owners start off with owning a HDB flat before upgrading to a private apt. And a good percentage of owners will take up a mortgage with HDB. With bank interest rates at a low now, should home owners switch to a bank loan? HDB loan The HDB concessionary interest rate is […]

How to start your refinance

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Thinking of refinancing and not sure how to start? Here’s a step by step guide to evaluate your current mortgage. Check your terms What interest rates are you paying for your mortgage? How much is your monthly instalment? If your interest rate is a floating rate, you may want to consider switching your interest rates […]

 
 
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