Mortgage decisions in Singapore are often discussed in shorthand: how much you can borrow, what the monthly instalment looks like, and whether the rate on offer seems lower than the next bank’s. But housing loans are rarely that simple. MAS makes clear that loan rules are guardrails, not proof that a purchase is comfortable or risk-free. Several myths continue to shape how Singaporeans think about home loans. This article was written by a Financial Horse Contributor. Table of Contents

• Myth 1: You need 25% in cash upfront
• Myth 2: If the bank approves the loan, the home is affordable
• Myth 3: The lowest advertised rate is always the best package
• Myth 4: Fixed-rate loans are always better than floating-rate loans
• Myth 5: Using CPF makes the mortgage cheap or almost free
• Myth 6: Once you choose a mortgage, you are stuck — or you can always switch back later
• More than a rate decision
• Compare the best rates available right now

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