With mortgage interest rates in Singapore on the rise, homeowners are starting to wonder if making full payments on their mortgage loans ahead of schedule is a smart way to save. While the basic answer is yes, the financial management style and goals of homeowners can make the answer less straightforward.
your mortgage is an ideal strategy if you can get hold of a mortgage deal at a lower interest rate or with a shorter loan term. Selecting a shorter term may mean you have to increase your monthly repayment sum but it can help you pay off your mortgage in Singapore at a faster pace. Imagine replacing your 30-year loan tenure with a 20-year option. You will not only be able to claim home ownership earlier but also attain financial freedom at a younger age.
in Singapore to compare hundreds of current mortgage rates to help you find the best home loans for refinancing.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pros and cons of paying off your mortgage earlyWith mortgage interest rates in Singapore on the rise, homeowners are starting to wonder if making full payments on their mortgage loans ahead of schedule is a smart way to save. While the basic answer is yes, the financial management style and goals of homeowners can make the answer less straightforward. At times, the amount of interest saved from repaying...
Read more »
SFA recalls baby puree and cereal rice products with excessive arsenic, advises against feeding items to childrenSINGAPORE — The Singapore Food Agency (SFA) has ordered a recall of three infant products found to contain more than the maximum limit of arsenic stated in the Singapore Food Regulations.
Read more »
Sale Director of Lexus Singapore says that the brand is in the right place with hybrid vehiclesSINGAPORE - Stanley Chia, the sales director of Lexus as Borneo Motors Singapore, is cautiously optimistic about the Japanese luxury brand’s prospects for the near future in Singapore. Lexus is part of the big push into electrification by parent company Toyota, and the brand is set to be all-EV by 2030. The first Lexus EV to arrive in Singapore has...
Read more »
Singapore releases $10 coin to mark Lee Kuan Yew's 100th birth anniversarySINGAPORE — The Monetary Authority of Singapore (MAS) on Monday (May 15) launched a $10 coin to commemorate the 100th birth anniversary of Singapore's founding prime minister Lee Kuan Yew. The coin pays tribute to Mr Lee's 'strategic vision, boldness and indomitable spirit that transformed Singapore from a regional trading port to a global manufacturing, business and financial hub', MAS...
Read more »
Temperature soars to 37°C in Singapore, equals record for daily high set in 1983SINGAPORE —The mercury in Singapore hit 37 degrees Celsius on Saturday (May 13), equalling a 40-year record for the highest daily maximum temperature, said the National Environment Agency (NEA). The 37 degrees Celsius, recorded in Ang Mo Kio, matches the mark set on Apr 17, 1983, recorded
Read more »
Woman claims she found rubber band in frozen dumpling from Michelin-listed stall - Singapore NewsShe has no intention of buying dumplings again from the stall
Read more »