When it comes to mortgages, people throw around the word ‘refinancing’ very often. But what exactly does it mean to refinance your home loan? Can you really save that much money?
At PropertyGuru Finance, we’ve partnered with every major bank in Singapore to bring you over 140 home loan packages, preferential service and more – all under one roof. Find the best home loan with PropertyGuru Finance, today!
In this video we cover:
0:15 What does refinancing home loan mean? And How Does Refinancing Work?
Refinancing is when you move your existing home loan to another bank. Mortgage loan refinance can actually help in saving money.
0:42 Do you need to pay for Refinancing? Or what is the cost for Refinancing?
Yes, Refinancing involves legal and valuation fees which usually add up to $2,000 to $4,000. Which you should factor in these fees when calculating your potential saving. You can also refinance HDB loan.
0:58 When you should consider to refinance housing loan?
Most homeowners consider refinancing after their lock-in period and/or when their interest rate start to rise.
1:23 How to refinance your home loan?
Check that whether it is a good time for you to refinance your home loan.
Research Home Loan Rates in Singapore and Packages. Check PropertyGuru’s Refinance Calculator: https://www.propertyguru.com.sg/mortgage/calculators/mortgage-refinancing
Decide on your preferred home loan and apply.
Alternatively, Let PropertyGuru® do the heavy lifting for you. Enjoy personalized recommendations and advice from our team (It’s Free)
👉 Find out more about PropertyGuru Finance: https://bit.ly/2SyxtTL
👉 Book a free consultation with a PropertyGuru Finance home loan advisor: https://bit.ly/3dLKmn5
Checkout our other videos on Refinancing:
👉PropertyGuru Finance: Home Loan Refinancing 2020 : https://www.youtube.com/watch?v=uyBJnNkP0Rk
👉PropertyGuru Finance | Refinance your home loan now and save:
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