A glossary of common housing loan acronyms and terms
Here are some common terms and acronyms that you are likely to stumble upon on and will be helpful to know when applying for a property loan.
10 Jun 2015
A Beginner’s Guide to Mortgage Loans
Even with a loan, the amount of money you can borrow depends on many factors – your salary, the Loan-to-Value ratio, the Mortgage Servicing Ratio, and more. To a first-time homebuyer, it can be complicated to work out what you can afford to buy.
29 May 2015
Costs of Owning a Home in Singapore
Here, we give you an overview of some of the costs associated with owning a home in Singapore.
29 May 2015
Cost of Purchasing a Property in Singapore
While it’s common knowledge that buying a property in Singapore usually means a sizeable mortgage, fewer people realise the total cost includes far more than just the property price tag and interest on the loan.
29 May 2015
Should you reprice or refinance?
When you refinance, you replace your existing home loan package with a new one from a different bank. By switching to a more competitive loan package, you can save money by making lower monthly payments.
29 May 2015
Things you should know before refinancing your mortgage
With interest rates rising steadily, property owners are scrambling to refinance their home loans, so they can avoid making higher mortgage payments every month. But before you join them and make a beeline for the bank, here are five things you should know about refinancing your housing loan.
29 May 2015
Effects of SIBOR on your home loan
Unless you’re planning to purchase an overseas football club, buying a home is probably the biggest financial commitment most Singaporeans will make in life. That’s why it pays, in more ways than one, to understand how fluctuating interest rates could affect your monthly mortgage.
29 May 2015
What every homeowner should know about margin calls
A margin call happens when the market value of your property falls significantly. If the value of your property depreciates to be less than what you owe the bank, you may be asked to pay the difference.
29 May 2015
The art of negotiating housing loans with banks: A smarter way to save
In case you haven’t noticed by now, being a skilled negotiator helps you get more in life. And while we can’t do anything about all the fictional conspiracies and alien sightings you missed out on in your growing years, these tips might help you improve your chances of getting a better home loan package from financial institutions.
29 May 2015
Should you change your HDB loan to a bank loan?
Before you proceed with refinancing your HDB loan, here are some points for you to consider:
29 May 2015