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Subscribe to this list via RSS Blog posts tagged in Home loan refinancing

Home Loan Refinancing: Massive Savings Await!

Posted by Property Launch Invest on Wednesday, 10 December 2014 in Property News

Life is like a box of chocolates: it has an expiry date. And yet, a large part of our limited time is wasted on paying off our home loan. And on raising children so that some day, they can pay offtheir home loan, and we can sit around saying things like “Now then you know”. But this dark cycle has got an escape clause: clever refinancing.

What is Refinancing?

What You Should Know Before Refinancing

Posted by Property Launch Invest on Thursday, 09 October 2014 in Property News

Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a different, and even better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage. For borrowers with a perfect credit history, refinancing can be a good way to convert a variable loan rate to a fixed, and obtain a lower interest rate. Borrowers with less than perfect, or even bad credit, or too much debt, refinancing can be risky.

In any economic climate, it can be difficult to make the payments on a home mortgage. Between possible high interest rates and an unstable economy, making mortgage payments may become tougher than you ever expected. Should you find yourself in this situation, it might be time to consider refinancing. The danger in refinancing lies in ignorance. Without the right knowledge it can actually hurt you to refinance, increasing your interest rate rather than lowering it. Below you will find some of this basic knowledge written in order to help you reach your best deal.

What Singaporeans Need to Know About Home Loan Refinancing in 2013