Thursday, June 26, 2008
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Best Home Loans: HDB:
"HDB's rates are cheapest - HDB's 2.6 per cent concessionary rate loans are cheaper than any bank rates. They also have these 4 advantages:
a. HDB is considered to be more helpful should you hit on hard times and default on your home loan.
a. HDB is considered to be more helpful should you hit on hard times and default on your home loan.
b. HDB adjusts interest rates slowly. This is helpful when rates are rising, as they are now.
c. HDB loans give flexibility. It is easy to take an HDB loan then switch to a bank loan. But you cannot take a bank loan and later refinance it with an HDB concessionary rate loan.
d. CPF rules require that bank borrowers pay 5 per cent of an HDB flat's purchase price in cash (from Jan 1, 2006). HDB loans do not have this cash requirement."
May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
HDB Housing Loans Best Compare to Banks Mortgage: Cheap & Compassionate
If you're looking for a home loan for your HDB flat, you'll be interested to read this post:Best Home Loans: HDB:
"HDB's rates are cheapest - HDB's 2.6 per cent concessionary rate loans are cheaper than any bank rates. They also have these 4 advantages:
a. HDB is considered to be more helpful should you hit on hard times and default on your home loan.
a. HDB is considered to be more helpful should you hit on hard times and default on your home loan.
b. HDB adjusts interest rates slowly. This is helpful when rates are rising, as they are now.
c. HDB loans give flexibility. It is easy to take an HDB loan then switch to a bank loan. But you cannot take a bank loan and later refinance it with an HDB concessionary rate loan.
d. CPF rules require that bank borrowers pay 5 per cent of an HDB flat's purchase price in cash (from Jan 1, 2006). HDB loans do not have this cash requirement."
May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.
Smart Buyer :)