Property Enquiry Form
Real Estate Singapore
- Home
- Selling Your Property
- Buying Your Property
- Renting Your Property
- Company Property Agent
- Real Estate Professionals
- About Hot Victory
- Career Opportunities
- Investors
- Investment In Singapore
- Our Services
- 10 Mistakes Seller Make
- 10 Mistakes Buyer Make
- 20 Mistake Investor Make
- Hire Buyer Representation
- Why Choose Me Seller
- Purchase Exclusive Realtor
- Calling All Expatriate
- Home Loan
- Home Finance
- Business Finance
- Financial Calculator
- Condominium Near MRT
- Condominium Directory
- District Guide Singapore
- Enbloc Team
- Refer To Friends
- Alert Mailing List
- Real Estate Market Review
- Hot Victory Spirit
- Realtor Tools
- Billy Chen Presentation
- Free List Your Property
- Affiliates
- Contact Me
Singapore Property Tips
Home | Real Estate Blog | Articles | Video | Forum | Success Goal | 中文
Why You Should Refinance A Home
There are several reasons why many people choose to refinance when after they have purchased a Singapore real estate property. In this piece of writing, I am going to discuss about some of the reasons why you should consider refinancing and I will also tell you about some of the benefits of opting for this kind of financial arrangement.
Just like anything else, refinancing is an arrangement that involves certain risks but many people are of the opinion that the benefits outweigh the risks associated with it so they choose to refinance.
In very simple words, refinancing is actually a kind of arrangement where you replace your existing debt with a new debt bearing different terms and conditions. When it comes to refinancing, the most common form is the refinancing of Singapore properties. The main reason why people opt for refinancing is because they wish to reduce the rate of interest on their mortgage, to pay off other debts that they may have, to extend the period of repayment, to alter or reduce risk, etc. Basically, refinancing is a financial arrangement that is undertaken to enhance the overall cash flow.
When you opt for refinancing, you can reduce the risk of your existing loan. For instance, if the present loan that you have undertaken has a variable rate of interest and you opt for refinancing where the interest rate is fixed then you do not have to worry about the increase in the rate of interest over a period of time. When you opt for refinancing to pay back the original loan that you have taken to buy a Singapore real estate property, you can decrease the amount that you repay every month. This is because the rate of interest that you will have to pay will be lower and as such, you will not have to repay a huge amount every month.
If you have purchased a Singapore property and you wish to reduce the amount of money that you repay to the lender, then refinancing is one solution that you can seriously consider. After all, there is no reason why you can not take necessary actions to reduce the amount of money that you owe to the lending institution. I will advise you to try to find out as much information as you can about this kind of financial arrangement before you refinance so that you can be sure that you are doing the right thing.
Buy, Sell, Rent, Invest, In Singapore
Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
Buy Sell Rent Contact
Property Search
Featured Properties
Landed House
Condominium Apartment
Commercial / Industrial
International Property
Project Property Search
New Project Launch
Singapore Resources
Welcome to Singapore
Explore Singapore
Singapore PR
Singapore Rental Guide
Foreign Embassies
SIR Tenant Check
International School
Expats Relocation
Government Singapore
Foreigner Home Buyers
Financing Other Expense
Guide Property Taxation
Guide Foreign ownership
Banks in Singapore
HDB Information
Public Transport
Useful Resources
Singapore Maps Search
Hotels In Singapore
Free Stuff Giveaway
Online Shopping