facebookUnder HDB loan at this moment. O/s $119k with 11yrs to go. Is it a good option to refinance to bank loan? Monthly installment $1050 (cpf) $73(cash) - Seedly

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Ken

28 Jun 2021

Property

Under HDB loan at this moment. O/s $119k with 11yrs to go. Is it a good option to refinance to bank loan? Monthly installment $1050 (cpf) $73(cash)

Refinance HDB to bank loan?

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Tan Choong Hwee

28 Jun 2021

Solutions Specialist at Providend

With current low interest rate environment, it will be good to refinance to bank loan and immediately enjoy lower mortgage interests for the lock-in period (typically 3 or 5 years).

You can always refinance your mortgage loan in the event that interest rates rise after lock-in period.

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