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 […]

Can I Cancel My Home Loan Before Settlement?

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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 […]

Frequently Asked Questions about Mortgage

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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 […]

 
 
 
 
 
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