So you're looking at buying a property and come to realize that you need to get a home loan as well. You call a banks' hotlines, only to speak with a generic customer service rep who's not specialized in home loans. You then wait to be directed to someone who IS a mortgage specialist in the bank, and then have to comprehend a whole lot of mortgage jargon. Even when the banker gives you the rate packages available, you're not sure how exactly it matches up to the other banks and whether you're getting the best deal. Then you call the next bank and go through the same process again.SmartLoans.sg is Singapore's first Online Mortgage Comparison Platform that allows consumers to directly compare rates and packages from all major banks. All the latest rates and packages are consolidated and available directly onSmartLoans.sg. Our Home Loan Wizard allows you to calculate monthly and cumulative interest payments, and rates them from lowest cumulative interest to highest. You can also set your interest calculation period from 1-3 years also if you plan to refinance your loan in the future.If you currently have an outstanding mortgage, you can save thousands with SmartLoans.sg. The refinancing calculator helps you calculate exactly how much you stand to save if you refinance your home loan to any of the current packages.Other LoansSmartLoans also helps you get the best deal for Commercial Property Loans, Renovation Loans, Cash Out Refinancing,Education Loans and Business Loans.
Saturday, September 4, 2010
Mortgage Loans
Posted at request of Vinod Nair, www.SmartLoans.sg
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It’s really helpful for anyone trying to wrap their head around mortgage loans and how they actually work in real life. I particularly like how it highlights the importance of comparing different lenders and loan packages before deciding. For anyone exploring home financing options today, it’s also worth keeping an eye on current rates, such as DBS mortgage rates, which can vary quite a bit depending on your profile and market conditions. Understanding interest rate differences and terms from various banks can make a big impact on how much you end up paying over the life of your mortgage.
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