Most Singaporeans who have bought their own property will have to take up housing loans in order to afford one. We may have heard about refinancing in one way or another but what exactly is it and is it necessary to refinance our housing loans? Did you know that if you refinance a 1 Million property loan regularly, you could save more than $50,000 through it? Each time of refinancing can save you at least $10,000 in interest every 3-4 years. With higher housing prices, refinancing becomes more important as it could save us a lot of money in the process.

Not many people refinance their housing loans as it seems quite troublesome. But if I tell you there’s an easier way out for refinancing without having to search for the better loan packages yourself and without having to queue up at the bank, would you reconsider it? Let’s look …