GET BANK MORTGAGE LOANS IN SINGAPORE
When it comes to buying a new house, the issue of financing it is dreaded by many in Singapore. Whether your future home is a HDB, private property or condo, it’s common to stress over this particular investment once you start looking at your finances - more so if you are a first-time home buyer.
Obtaining a bank mortgage loan will then come in handy to give you peace of mind. Via DollarBack Mortgage, you can enjoy a seamless process identifying new home and refinance mortgage loan rates all in one place.
DO YOU NEED BANK MORTGAGE LOANS?
Financially speaking – even with sufficient cash to fund your home purchase, it may not necessarily work out in your best interests when you think long-term. As one of the biggest investments in life, you’ll want to carefully consider your options to make the initial cost more manageable. Leveraging bank mortgage loans can help you secure your dream home while maintaining your cash reserves for other important matters down the road.
Plus, depending on the bank mortgage loans you’re eligible for in Singapore, you can also make full use of the lower interest rates.
COMPARE THE BEST MORTGAGE LOAN RATES
If you’re interested in applying, rest assured our advisory will provide a consultative approach to allow homeowners like yourself to understand how a bank mortgage loan works, interest rate trends and more before proceeding. You can then make a more informed decision and choose the best bank mortgage loan that meets your needs.
Additionally, you can take advantage of our DollarBack Mortgage rewards to enjoy lower legal fees alongside our partner conveyancing law firms in Singapore and many more benefits. Feel free to speak to our team for more information – we look forward to directing you to the ideal bank mortgage loan soon!
FREQUENTLY ASKED QUESTIONS ABOUT MORTGAGE LOANS
This will depend on several factors such as your minimum monthly income, buyer’s minimum age, loan amount and residency status. The eligibility requirements may vary across the various banks in Singapore. Our mortgage specialists will help you narrow down your options to find the right new home or refinance mortgage loan for you.
In Singapore, you’re more likely to see the following two types of bank mortgage loans:
- Fixed rate bank loans: Where the interest rate charged on the loan stays fixed throughout the loan period.
- Floating rate bank loans: Where the interest rate changes periodically – rising and falling – over the loan term.
Yes, there are. The expenses that come along with a bank mortgage loan usually include the conveyancing lawyer fees, property valuation fees and – where there is a lock-in period – a prepayment penalty. We cover more in our ultimate mortgage guide in Singapore.