Should re-finance my renovation loan?

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Tan Wei Ming

28 Jun 2020

Founder and Writer at Frugal Youth Invests

With Fed sees interest rates staying near zero through 2022, I expect low interest rate to stay till then. We are not sure on the rates you have and what they are offering, but I will definitely take advantage of the low interest rate to refinance my loan. Preferably to opt for a fixed interest loan.

https://www.cnbc.com/2020/06/10/fed-meeting-dec...

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I have been approached by a mortgage broker advising me to re-finance to SBI 3mth Sibor + 0.55% 3yrs lock-in. I am currently on POSB 0.55 + 1.38% with $260k balance of 18yrs. Is it advisable to switch?

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Related Posts

I have been approached by a mortgage broker advising me to re-finance to SBI 3mth Sibor + 0.55% 3yrs lock-in. I am currently on POSB 0.55 + 1.38% with $260k balance of 18yrs. Is it advisable to switch?

People who chose to get a bank loan to finance your BTO, did you regret it? Vice versa, to those who chose the HDB loan, did you think of switching to a bank loan?

I have a bank loan of around $3k which I took during my time in Poly. Am I able to use my CPF to finance the loan? I have around $12k in CPF. ?

When getting your HDB BTO, how did you renovate your place? What considerations did you take? Did you take a renovation loan?

Which platform allows us to find out more about the companies before we finance their loan? I.e all of their company's information, and their financial situation at the point of their loan?