When deciding on what is probably the biggest loan you will ever take in your life, it’s quite safe to say that understanding what you’re getting yourself in to is of paramount important. With everyone keeping one eye on how the US Federal Reserve will affect interest rates in the year to come, how should you decide on what type of home loan to take?
There are quite a number of significant differences between an HDB Concessionary Loan and taking a loan from a bank. But if you don’t have the time to read up on all the little details just yet, here’s quick video to point you in the right direction:
If you are looking to get a bank loan, comparing the huge variety of home loan rates in Singapore isn’t as hard as you might think it is. You can get the information at the touch of a few buttons on MoneySmart’s Home Loans Wizard, and get some advice from their Mortgage Specialists absolutely free (because they get paid by the banks). This makes the home loan application process way easier than it might have been if you had to go from bank to bank sourcing for information, so click away!
What do you think are the benefits of getting either an HDB loan or bank loan? Share your thoughts with us here!