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hi, I am buying a hdb flat soon and have a HLE in hand. will be taking about 300k loan. does it make economic sense to get a hdb loan when banks are offering cheaper for the first few years in addition with legal subsidy. I'm also ready to pay the 5% cash deposit.
1) can i go on refinancing every 2 or 3 years
2) what are the pros and cons
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4 Answers

Mike Lim
Replied
Morning,

If you do ask the bankers, refinancing can be done, as long as you are not within the lock-in period.
Do somehow remember that there are admin charges, legal fee refund, etc, during per refinancing. So do your sums well before going into it.

FYI
Mike Lim
 96929209 
ERA Read More
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Kelvin Ng
Replied
Hi A Sham,

I would recommend that you proceed wth a private bank loan.

If you do not mind, do call me and i will answer your queries.

Thanks!

Kelvin Ng
Orangetee
 9386-0900  Read More
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Catherine PANG
Replied
If you are comfortable with the cash portion and loan quantum approved, then bank loan will be a good option.
www.catherinepang.com Read More
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Catherine PANG
Replied
Recently my client bought a condo while 'holding' on to a HDB flat. She need the 'funds' and hence, has to sell the HDB unit. The S&P process needs careful and confident planning. Call us if you need an opinion.
www.catherinepang.com Read More
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