Property Jargon of the Day: Repricing – 99.co
Get a broker la. they will check all the banks for you and compare. commission comes from bank but you might lose out on some of those incentives that the banks give – like shopping vouchers.
Looking for a property? Find the home of your dreams today on Singapore’s largest property portal 99.co! You can also access a wide range of tools to calculate your down payments and loan repayments, to make an informed purchase. The post Property Jargon of the Day: Repricing appeared first on 99.co.
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Allow similar exemption from TDSR for loan repricing More Related ArticlesWe thank Mr Ong Kim Bock for his letter "Allow. by todayonline march 30, 2017 tdsr rule change applies only to loans on existing propertiesThe Government is relaxing loan limit rules for. by The Straits times march 11, 2017 Borrowing money against property easier now [.]
Every day, 99.co takes a piece of property jargon and demystifies it. Today, we’re looking at repricing: What is repricing? Repricing happens when you switch from one home loan, to another home loan offered by the same bank. People often reprice when their current bank offers a more attractive loan package than the one they’re on.
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Every day, 99.co picks a piece of property jargon to explain it. Today we look at the lock-in clause, common to many bank loans: What is the Lock-In Clause? The lock-in clause (often just referred to as a lock-in) imposes a penalty for refinancing your home loan. With most banks, the penalty is 1.5 per cent of the undisbursed loan amount. For example: