SINGAPORE — So you’ve just seen how much you’re paying this month on your home loan, and you’re seriously considering switching to another bank with the lower interest rates… Except you don’t know if refinancing is a good choice. Will it really be able to save you money in the long-term? Is the cost of refinancing really worth it? Here are some costs you will encounter when refinancing your home loan:
By Sim Kang Heong, via dollarsandsense.sg
It seems like every other week that one sees advertisements for overseas property investments “opportunities”. Once in a while, we see news reports of yet another overseas project flopping.
While legitimate overseas investment opportunities exist, shady or extremely risky ones are also out there, and the savvy investor would think long and hard before sending their hard-earned money abroad.
Here are 4 common “promises” that make appearances in marketing collateral and uttered during talks, that you should think twice about.
SINGAPORE — Many Singaporean property owners think of en bloc sales as 4D or Toto, but with better odds.
But the reality is a little different, if you understand how en bloc sales work. Basically, you are getting paid to vacate your property. That means that, unless you have somewhere else to live, you will have to use that cash to buy another home.
IKEA announces the launch of IKEA Place, an augmented reality (AR) application that lets people confidently experience, experiment and share how good design transforms any space, such as a home, office, school or studio. From sofas and armchairs to coffee tables, all of the products in IKEA Place are 3D and true to scale so that every choice is just the right size, design and function.
DBS no longer sole provider in three-year fixed-rate space; BOC’s package has varying yearly rates; OCBC conspicuous by its absence
SINGAPORE — Banks in Singapore have started a mortgage war, spurred by the lower interest rate for a longer duration, to the delight of the legions of home buyers who are pouring back to a buoyant residential market.
Last week, both United Overseas Bank (UOB) and HSBC launched three-year fixed-rate home-loan packages which until now had been mainly the preserve of DBS Bank, the nation’s largest housing-loan provider. Bank of China (BOC) also has a three-year fixed-rate package but with varying yearly interest rates.
SINGAPORE — During a recent reservist In-Camp Training, I had meaningful conversations with my buddies. Over the years, 10 years in total, our conversations evolved from talking about furthering our studies and girlfriends to discussing our education and finding a job, and eventually to investing and starting a family.
One of my conversations with a close buddy was about investments. This was quite prevalent during this reservist because I’m writing for DollarsAndSense. What struck me when I spoke to him was that my friend believed that buying a 4D ticket from Singapore Pools was akin to making an investment.
Location, location, location. It’s no secret that Singaporeans prioritise convenience, especially when choosing the location of our home. I remember how I’d used to stare at HDB’s sales launch site for copious amounts of time, hoping my staring would somehow magically create new launches at central locations.
But with recent advancements in technology, should location always be a priority? Here’s why your property’s location may not matter as much in the future: