Before you refinance your home loan…
WITH interest rates in Singapore still falling and the property market turning quiet, banks are now gunning for the mortgage refinancing business. Refinancing means replacing your current mortgage with another that comes with lower interest rates. This can be done with the same bank or by switching to another bank.Many home owners are now considering this because the Singapore Inter-bank Offered Rate (Sibor) has fallen from over 3 per cent to below 1.3 per cent. Sibor, the rate at which banks
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Tags: Bank, Business, Finance, Home, Loan, Mortgage, Refinancing