According to a recent survey by Nielsen, approximately half of Singaporeans believe that they are better off financially in 2018 than they were 5 years ago. To help our readers achieve their own financial security in the coming years, we've listed some of the best ways to get to a better place financially by 2024.
Consider Refinancing Your Home LoanFor homeowners, your home loan may seem like a significant cost that is set in stone. However, this large financial burden may actually offer a great route for improving your finances over the next few years. In order to obtain your business, banks often offer competitive interest rates to encourage you to refinance your loan through their bank. This makes home loan refinancing quite popular in Singapore.
For example, refinancing a loan with 25 years remaining S$500,000 outstanding from a rate of 3.00% to 2.50% can save
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