Tag: home loan

Covid-19’s economic fallout is likely to impact a handful of Singaporean homeowners who are servicing their home loan. From 6 April, borrowers who face financial strain can approach their bank or finance company to apply for a deferment of their housing loan monthly repayments until 31 December. Announced by the Monetary Authority of Singapore (MAS)…

If there’s one thing Singaporeans don’t complain enough about paying more money for, it’s the interest for their CPF-pegged HDB mortgage. Most first-time homeowners, especially BTO applicants, choose to take the HDB Concessionary Loan over bank loans, despite the fact that the HDB home loan rate has now been higher than the average bank home…

Dual-income families in Singapore should pretend they’re not, when it comes to buying a flat or condo. You want to insurance against situations like retrenchment, illness, business failure, etc.? This is the insurance, next to having the actual policies. Here’s why: When you assume your dual-income situation will carry on, you’re taking a huge risk…

10 people, including property agents, sellers, and one lawyer, are being charged in court today for a housing loan cashback scam. What is that, and how does it work? We explain: The latest use of an old scam The recent scam took place on four property purchases, sometime between 2014 and 2015. According to investigations…

So you hate long loan tenures, and the concept of borrowing stresses you out. Well you’re going to be one of the unusual ones, if you decide to rush your home loan repayment – some financial advisors may even tell you that’s foolish. Still though, there may be some situations where you’d consider a shorter…

Single and ready to mingle? Is your millennial diet craving a pinch of peace and quiet, a dash of independence and a splash of autonomy?  The Rise of Singles Well, you’re not alone. In fact, there has been a stark rise in the number of one-person resident households in Singapore, as corroborated by Department of…

When it comes to big picture issues like the US-China trade war, it can be hard to visualise the every day impact on your wallet. Instead of going on about investment prospects, here’s what the home owner should know – it affects their home loan. First, we need to understand how home loan interest rates…

Okay be honest: how many of you switched off three minutes into the whole “why you should refinance” spiel by the mortgage broker / banker? Great, the three of you who paid attention can skip this article. The rest of you, you might want to take note of how refinancing into a cheaper loan can…

When it comes to taking a bank loan, what are the first few questions that pop up in your head? For most new buyers, you probably don’t know what to ask. With experts from Dollarback Mortgage, we’re here to highlight what you need to note: 1. Look for the cheapest home loan What is there…

I learned long ago that being self-employed means freedom. If I can’t afford a house, for example, I’m free to go without. But if you cultivate some basic skills, you have a good shot at home ownership: How is buying a house different when you’re self-employed? For starters, banks apply a haircut of 30 per…