This section covers the essentials of Singapore home loans, including current condo mortgage rates, fixed vs floating rate comparisons, HDB loan refinancing, how to choose the best home loan step by step, and answers to common questions on topics like CPF usage, TDSR, MSR, lock-in periods, and loan eligibility. Whether you are a first-time buyer or looking to refinance, these guides help you understand your options and make informed mortgage decisions. Cashew simplifies the process by comparing 500+ live packages across all major banks, with a Best Rate Guarantee and fully digital application.
Why Paying 2.6% on Your HDB Loan No Longer Makes Sense
With HDB concessionary loans fixed at 2.6% and banks now offering rates as low as 1.60%, many homeowners are paying more than they need to on their mortgages. By refinancing, a typical homeowner with a $500,000 loan could save around $6,000 in just two years — with most banks even subsidising legal and valuation fees for loans above $250,000. The process takes about 6–8 weeks and, while you can’t revert back to an HDB loan once you switch, refinancing is an attractive option for those looking to sell in the near future or pay down their mortgage faster. Cashew makes the process simple by comparing over 500 live packages across all major banks and guiding you to secure the best rate with confidence.
Sarah Chen23 Sept 2025
