Category Archives: Home Loan

Is HDB Loan Refinancing a Good Idea?

If you are reading this article, you’d have already taken an HDB loan, but are now wondering whether you made the right choice. You want to know if refinancing an HDB loan with a bank loan is worth the effort. Don’t worry, we have the right information for you!

SIBOR, Home Loans, and the US Economy – The Money Cycle

Owning a home is a dream most of us harbour, spending a majority of our life trying to turn this dream into a reality. Those of us who have tried know the hardships involved, be it finding a home which suits our needs, arranging the finance, paying mortgages, doing the paperwork,… the list is exhaustive.… Read More »

What to do if your home loan gets rejected?

Imagine a situation where you just got to know that your home loan application has been rejected What now? Before you whip out a playlist consisting of sad Stefanie Sun’s songs, you need to know this is not the end of the world. Or the end of getting your dream home. There are several reasons… Read More »

Secure Your Financial Future By Not Missing Payments On Unsecured Credit Debt

Silver Lining in a Nutshell: What Singaporeans have done right in the past year when it comes to Credit Card Debt: The ratio of credit card rollover balance to the country’s GDP remains low at 1.4%. Credit Card loans rose to 16% by the third quarter of 2012 but turned negative by the second quarter… Read More »

Guide to expenses involved in purchasing a new property

Purchasing a brand new property in Singapore, may it be an affordable condominium or a high class residential suite, must be planned very carefully as it is a lifetime commitment. It is possible that all your savings get drained out when you buy a property. Upfront costs, deposits and monthly installment payments can take your… Read More »

Should You Stay or Move? Can’t Decide between Relocating and Remodeling?

Buying a House VS Renting a House The trend is now slowly moving away from renting a home and towards to buying one. Home ownership has now come to become one of the top goals of every citizen in Singapore. There are plenty of reasons why we Singaporeans should invest in a house of our… Read More »

What you need to know about Bridging Home Loans?

Buying your dream home is always exciting, you are finally trading your old home for a home that you have always dreamed of owning and living in every single day of your life. This thought is enough to get you caught up in the excitement that you have completely forgotten that you have not yet… Read More »

How to Repair Your Credit Score

Many of us take our credit score for granted, start making late payments, missing payments etc. for various reasons, but whatever the reason, the result will always be the same – deterioration of your credit score i.e. a poor or below average credit score. Have you ever wondered as to how your credit score can… Read More »

Switching Home Loans – Why Do It?

Change is never easy because it involves conscious effort to move the course of action. But what if the change can give you monetary benefits? Will you still be skeptical to accept it? Whether or not we want to take a loan, there are many instances in life that compel us to do so and… Read More »

Six Ways to Move on From a Loan Application Rejection

Rejection is always hard no matter no matter in what form you get it and when it comes to money, rejection can be a real bummer. There are many reasons as to why your loan application has been rejected by a bank or any other financial institution. Three reasons are on the top of the… Read More »

Things That You Should Know Before You Buy A Second HDB Flat

After residing in your present Housing and Development Board flat for a period of five years, you and your better half decide that you need to move to a new place. Everyone likes change and an upgrade to a spacious new flat can be a really nice thing to do. A bigger flat will not… Read More »

The Journey On The Road To Debt

At a time when your son or daughter is planning to go to a good college in a few months, you must be thinking about your times with your parents, how you grew up and how things have been till now. The transformation that you have gone through includes several financial situations. Sometimes you have… Read More »

10 Tips to Save Money Effectively

1. Move your checking account to a bank that respects you You should not spend the money you earn in commissions. You should also be able to accrue interest on your account. The interests of current accounts are nothing amazing while those of deposit accounts are about 1% to 2% per annum. And if you… Read More »

What You Should Do About Your Home Loan if the SIBOR is on the Rise

Nothing can be as good as shopping. You can buy whatever you want and there is no stopping you! You might be in a jovial mood and want to go on a shopping spree. However, in a situation where the SIBOR on rocketing towards the moon, you should take some time out and give a… Read More »

How Rate Hike in US Will Affect Mortgages in Singapore?

The Federal Reserve of the United States hiked interest rates for the first time in more than a decade as they have an optimistic outlook of the US economy. For a long time, the Federal Reserve kept the benchmark lending rates at near zero in order to boost the ailing economy of the country due… Read More »