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Don’t Make These 5 Mistakes When Applying for a Mortgage

A mortgage represents the most expensive form of credit most people will ever apply for. With house prices well above £200,000 in many locations, taking out a mortgage means taking on a sizeable debt that will take decades to pay off. As such, borrowers have to be very careful about what they do. The good news about mortgages is that there are plenty of them readily available. The bad news is that it is easy to make costly mistakes. Recognising

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Credit & Loan

Why It Makes Sense To Choose A Bank Mortgage Loan

Before you purchase your HDB flat, you will be faced with the dilemma of deciding between a HDB loan or a bank mortgage loan. This article demonstrates why it may make sense to choose a bank mortgage loan. HDB loan is pegged at 0.1% above the interest rate of CPF Ordinary Account. Therefore, the current interest rate on HDB loan is 2.6%. However, you might be able to save on your interest payment if you choose a bank mortgage loan

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Credit & Loan

Fixed or Floating Rate, Which is Better For Your Home Loan?

Fixed or Floating Rate

Your home is often the biggest purchase you ever made in your life, however that also means landing yourself the biggest debt you ever had. Properties in Singapore are expensive – be it HDB flats, excecuive condos, or bungalows. It’s not uncommon to have a million dollar price tag onto it. And often, taking up a mortgage loan would also means being in debt for 25, 30 or even 40 years. Therefore, you want to be careful in choosing the

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Millionaire’s poor credit rating has caused him a mortgage

Millionaire's poor credit rating has caused him a mortgage

As reported on Telegraph, A Briton had won a £1M (S$2,031,767) lottery in Euromillions, akin to winning a S$2M Toto in Singapore. A dream that everyone wished for in their entire lifetime. Matt Myles is living the dream. His plan? He left his job and went on a bar hopping world tour to countries such as Indonesia and Thailand to Spain, Ibiza and America together with his brother and a few friends. He splurged on booze and partying costing him

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