You bought a newly launched Condo about 3-4 years back and the Condo has now reached TOP (Temporary Occupation Permit) status. This is cause for celebration since your long-awaited condominium is now ready for move-in. But you realize that the monthly installment is also much higher now because of the additional drawdown on your loan …
This is one of the recent cases where we helped our client to lower her home loan’s interest rates and save her $17,000 per year. Miss Yang stays in a condo in the East, with an outstanding loan of $1,000,000, with 23 years left in its tenure. Her loan is out of lock-in period and …
Case Study – How Refinancing saved this lady $17,000 per year Read More »
As at 08 December 2023, there are still 57,000 home owners with SIBOR-pegged home loans who have not switched out to alternative loan packages. After 31 December 2024, SIBOR, or Singapore Interbank Offered Rate, will be replaced by SORA, Singapore Overnight Rate Average, and all remaining borrowers will be forced to convert to SORA-pegged loans. …
Is your Home Loan still pegged to High SIBOR rates? Read More »
The average car loans that you see are often calculated with simple interest, which is far higher when calculated for effective interest, the actual interest when compounded. This is due to Simple interest assuming your loan total remains the same throughout the loan period, but in reality, the loan gets smaller every year as you …
Is a 3% interest rate car loan really a 3% interest rate? Read More »
Business Times published an interesting article on 1st Jan 2024, High COE prices will not hurt private housing demand, and we want to share a deeper insight on how a Car Purchase can severely affect your future Home Loan Application. For anyone applying for a home loan in Singapore, you will have to familiarize yourself …
How High COE Prices can affect your Next Home Loans Read More »
