The Business Times

Darren Goh

money, home, coin
BT PROPERTY WEEK 2024

How rate cuts can change your home loan picture

Singapore’s fixed mortgage rates already dropped at the start of 2024. What should borrowers look out for this year?

The run-up in property prices over the last several years allows some private home owners to take out more financing, secured against the same property, as the equity portion of the valuation has increased with the rise in value.

How mortgage equity can help increase CPF Life payouts

Higher property values mean private homeowners may benefit from increased financing secured against an existing mortgaged property. Here’s how.

Be aware that prepaying down your mortgage does come with opportunity costs or “reduced capacity”.
COMMENTARY

With mortgage rates staying high in 2023, should you pay down your home loan?

With home loan rates now above the 2.5% CPF savings rate, does it make sense to make a prepayment?

With rate volatility expected to continue into 2023, the best thing you can do for yourself is not to sign your rights away for anything more than 12 months, in a year when the interest rate cycle is turning. As events unfold, you’ll want to be able to freely negotiate for the best terms, be it on floating or fixed rates.
COMMENTARY

As Sora dips below 3%, what’s in store for mortgage rates in 2023?

Many are unaware that spot Sora, or the daily overnight rate, has been trending down below 3 per cent in recent weeks....

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