Living in the world’s most expensive city can make you jaded towards a lot of financial schemes and pitches; however, property security is no joke that can be dismissed as a second-tier financial priority. In Singapore, property mortgage loans usually last for a period up to 35 years and beyond, and are one of the biggest financial commitments for citizens to follow through in their lifetime.
Unfortunately, the unpredictability of life is not something we can be cavalier about and override while formulating our financial plans. Therefore, mortgage insurance should be an integral part of every homeowner’s financial shield to cover their home loan in the event of serious disability or death that results in the loss of income of the family’s sole breadwinner.
Although life insurance payouts offer financial support in case you become a victim of horrendous circumstances, mortgage insurance can help better alleviate the primary expenditure ...
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