Property
Why I Would Refinance From HDB Concessionary Loan To POSB Home Loan
By My 15 Hour Work Week  •  August 22, 2017
TL;DR: If I were still on the HDB Concessionary Loan for the mortgage of my flat, I would switch over to the POSB Home Loan in a heartbeat. Why? $23,000 of savings and perks over a decade. Read on to find out how.
WHY I AM LOOKING AT HOME LOANS AGAIN 1) Prefer Lower Mortgage Rates As mentioned in this earlier post, by refinancing from the HDB Concessionary Loan (HDB CL) to a bank loan 4 years ago, I was able to take a small advantage of the low SIBOR rates with some form of certainty, knowing that my mortgage interest would definitely not be above 2.5% for the next decade. And right now, I am interested in paying even lower mortgage rates. In this low interest rate environment, some banks have started to move away from the more volatile SIBOR rates and peg their home loans to ......
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By My 15 Hour Work Week
Hi, I am Thomas (a.k.a. Mr 15HWW) and I am in my early thirties. Very happily married (very strong emphasis here), I am the co-writer behind this blog. The other permanent writer is my wife Jasmine who has written two blog post so far (good luck searching for it here). But well, her contribution goes far and deep since she thinks she is actually the mastermind behind the rest of the other post ...
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