Refinancing vs. Repricing: How to Save on Your Mortgage
When your home loan’s interest rate is no longer competitive, you have two main options – refinance with a different bank, or reprice with your existing bank. What’s the difference, and which will save you more? In this article, we break down refinancing vs. repricing, comparing the pros, cons, and cost savings of each. By understanding these two routes, you can choose the best strategy to reduce your mortgage interest and keep more money in your pocket.
Michael Tan
Step-by-Step Guide to Refinancing Your Home Loan
Refinancing your mortgage might sound complicated, but it’s simpler than you think – especially with the right guidance. In this step-by-step guide, we’ll walk you through the entire refinancing process in Singapore. From reviewing your current loan and comparing offers, to applying and completing the legal work, you’ll see that refinancing is a straightforward way to save money. Follow these steps to confidently navigate your home loan refinance and snag a better deal.
Michael Tan
Refinancing Your Home Loan: When Does It Make Sense?
Interest rates and personal finances change over time – so the home loan you started with might not remain the best deal. In this article, we’ll explore when and why refinancing your home loan makes sense in Singapore. Learn the key scenarios where you should consider refinancing, such as when interest rates drop or when your lock-in ends, and how to evaluate the potential savings. Armed with this knowledge, you can save money and pay off your home loan sooner.
Michael Tan