The Financial Network

Singapore Property Trends

Look Beyond The First 2 Years of Rates – if you want to get the Best Loan Package

When refinancing your mortgage, banks often offer competitive rates and other benefits that differ from one another. These may include free conversion to another package within the same bank, waiver for early redemption penalty upon sale of property, and cash rewards. As such, it is rare to be able to compare on an apple-to-apple basis. …

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Are Interest Offset Mortgage Accounts Relevant?

When choosing a bank for a mortgage loan, you might come across banks offering you an Interest Offset Mortgage Account, designed to help mitigate mortgage interest costs for borrowers with significant idle funds lying around.  So how do these Interest Offset Mortgage Accounts work? These accounts pay interest rates similar to the mortgage loan package …

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Buying Property Without Loan – Smart or Siao(crazy)?

Singaporeans are known to be obsessed with property. In land-scarce Singapore, property is generally regarded as dual-purpose – as a residence and also as an investment asset. In fact, many regard property investment as a surefire way of making profit. You most likely would have come across a certain friend who had made a tidy …

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Quick Guide to Mortgage Home Loan Terms – For the New and Unfamiliar

From someone who either just got their Option to Purchase (OTP) and is looking for a new loan, to someone who already has a loan and is looking to refinance, it is common for homeowners to be overwhelmed by the various jargon that pop up during conversations with the bankers or found in their loan …

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Tale of A $4-million Home Loan: Why Our Client Ditched His Priority Bank Offer For Ours?

Many of our clients are priority banking customers and very often, they assume they are able to get the best home loan package because of their priority banking relationship, but is that true? Today, we look into a case where we helped a priority banking customer save more than $8000 in interest over two years. …

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How Does The MAS Medium Term Interest Rate Floor Reduce Your Loan Quantum?

After multiple viewings, you finally decided on the property to purchase and proceed to make an offer. Happily, you contacted your mortgage broker to get recommendations for the best home loan. Next moment, you receive a piece of bad news from your mortgage broker – the amount of loan you can qualify is much lower …

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Things to look out for when Refinancing your home loan

Private property owners in Singapore typically refinance their home loans every 2-3 years. This is because once your loan is out of the lock-in period (usually 2 or 3 years from your loan commencement date), the interest rate will start to shoot up. As such, seasoned property investors will refinance about 3 months before their …

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Buying Property For Investment? Avoid Trophy Homes At All Costs!

On and off, we come across news reports of properties transacted at record prices, such as an unit in The Marq On Paterson Hill which sold for $20.5 million, approximately $6,840 per square foot (psf) in 2011. Most people will question the rationale behind the premium prices paid for such seemingly overpriced properties. However, we …

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