Home Loan Options After a Bank Rejects Your Application Quick answer A rejected home loan usually comes down to one of two things: a national limit you didn’t meet, or one bank’s own credit policy. The limits — the 55% Total Debt Servicing Ratio (TDSR), the 30% Mortgage Servicing Ratio (MSR) for HDB flats and

Quick answer A fixed-rate mortgage locks your rate for a stated period; a SORA-linked mortgage moves with compounded SORA plus the bank’s spread. Today the lowest 2-year fixed rate is 1.40%* and the cheapest SORA package is 3-month SORA + 0.20% = 1.4169%*. That puts the break-even at a 3-month SORA of 1.20%: above it,

Quick answer Yes, you can refinance a Singapore bank home loan during its lock-in period, but you will pay an early redemption penalty – 1.50% of the amount redeemed on the packages we track – plus any subsidy clawback. On a $1.5M loan that is $22,500 before clawbacks. Switching early pays off only when the

Quick answer Repricing means switching to a new package with your existing bank; refinancing means moving your mortgage to another bank. Repricing costs $500-$800, with no legal or valuation fees and no clawback. Refinancing opens up the whole market but brings legal and valuation costs and a 3-year subsidy clawback. Once your lock-in ends, either

Settling down, getting married and starting a new family are part of the wonderful journey of life. For couples in Singapore though, these checkpoints also represent some of the most financially-challenging moments in life – because despite what Hollywood believes, most of us aren’t actually Crazy Rich Asians. Crazy expenses, not-so-rich Asians Expenses are going