Finding the most suitable mortgage package

BUYING property is probably the biggest financial commitment for most Singaporeans. Just as we ponder over our choice of a dream home, we should also do our homework when it comes to choosing a mortgage package to ensure that we keep our financial liabilities to a minimum.

Given the myriad of mortgage packages on offer, each with its own interest rate, fees and criteria, it can be tedious especially for a new property owner to navigate the various mortgage options and assess the impact of each one on the loan costs and repayment. Here, we address the key questions that will help you in your quest for a suitable mortgage package.

1. HDB or bank loan?