Are you a homeowner in Singapore? If so, there is a high chance that you still carry a mortgage loan. Do you want to know how your fellow Singaporeans choose their home loan package? How is the current interest rate environment affect your mortgage loan repayment? The last time I urged you to refinance your […]
3 Credit Mistakes you must avoid in Retirement Planning
When you think about retirement planning, your focus is always on building your retirement income to secure the financial stability for your future. But will you be keeping a close watch on your credit reputation? It can make a lot of difference. Credit is an interesting thing. Some people think they have too much of […]
5 Questions you must ask yourself to Buy or Rent a House
Renting a house was never an option to most Singaporeans. But with the property price falling for nearly 3 years and some signs of recovery, you may start to ask yourself if it is wise to buy or rent a house. 80% Singaporeans already own a house, but there are reasons you got to move. […]
5 simple ways to improve your credit score so you can get the loan you want
Are you stuck when you are not able to get the loan you need? Maybe you want to take out a mortgage loan, plan a wedding, apply for a car loan or build up funds for retirement. If that is the case, improving your credit score should be your top priority. A Credit Score is a number used by […]
Refinance your home loan before it is too late
If you have a mortgage loan with a bank, you should get worried. Because the mortgage interest you are paying is going to be more than double of what you have paid last year. To many people, the interest rate used to be something you can neglect. It used to be that 0.25% pathetic savings rate […]
What is Sibor and how much is the rate now
In Singapore, most banks use Sibor to determine the interest rate of their home loan packages. Sibor stands for “Singapore Interbank Offered Rate”. It is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market).