Mortgage
Home Loan Refinance
What is home loan refinancing?
Refinancing refers to you changing your existing home loan to a new lender with lower rates; whereas, repricing means to refinance at your current bank. It is important to review your home loan diligently to assess when you can save money by refinancing, especially if your lock-in period is over.
Here are two main reasons why people refinance:
Go for even lower mortgage interest rates and enjoy savings in interests
To attain a higher loan amount and earn excess cash
Best HDB Home Loans
| Package | Year 1 Interest Rate | Lock-in Period |
|---|---|---|
Fixed | 2.40% | 3 year(s) |
| PromotionalFixed | 2.50% | 5 year(s) |
Floating | 3.49%1M SORA + 0.45% | 2 year(s) |
Best Private Home Loans
| Package | Year 1 Interest Rate | Lock-in Period |
|---|---|---|
Fixed | 2.40% | 3 year(s) |
| PromotionalFixed | 2.50% | 2 year(s) |
Floating | 3.49%1M SORA + 0.45% | 2 year(s) |
