Tag: refinancing
How Does Refinancing a Mortgage Work?
In an ever-changing interest rate environment, homeowners in Singapore may consider refinancing their home loans to reduce their monthly mortgage monthly repayments. What exactly does refinancing your home loan entail? In simple terms, mortgage refinancing involves replacing your existing home loan with a different loan from another bank. Keep reading to find out how to refinance your home loan in Singapore. How Does Refinancing a Mortgage Work? When you apply for mortgage refinancing with a new bank, the bank will review information like your income, credit score and assets to determine if you fulfil the refinancing requirements. If you’re deemed eligible ... Read more