Everything You Need to Know About Refinancing Home Loans in Singapore

When it comes to mortgages, people throw around the word ‘refinancing’ very often. But what exactly does it mean to refinance your home loan? Can you really save that much money?

To empower homeowners like you to make smarter home financing choices, here’s a compilation of articles and resources that’ll help you better understand how you can manage your home loan through refinancing.




Want to save more on your existing mortgage? Compare the best home loan rates in town or check out PropertyGuru Finance for more personalised advice and recommendations:


What is Refinancing?

If you’re a complete newbie, read this article to learn the basics of what it means to refinance your home loan: 

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2019/07/What-Should-You-Know-About-Home-Loan-Refinancing-in-Singapore-PropertyGuru-Singapore-e1569682338839.jpg” title=”Home Loan Refinancing 101: Everything You Need to Know!​”] home-loan-refinancing-in-singapore-16734 [/guides]

Or, check out this short video on refinancing 101. 


Should I Consider Refinancing? ​

Depending on your unique situation, now may or may not be the best time for your to explore refinancing. Read more: 

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/06/home-financing-save-monthly-repayments.jpg” title=”Does Refinancing Always Save You Money?​”] https://www.propertyguru.com.sg/property-guides/refinancing-home-loan-mortgage-pitfalls-28197 [/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/04/PGF_Article_Hero_Image_v2.png” title=”Should You Reprice or Refinance Your Home Loan?”] https://www.propertyguru.com.sg/property-guides/should-i-refinance-my-home-loan-with-a-new-bank-26515 [/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/05/PGF_Article_Hero_Image_v1.png” title=”Pros and Cons of Refinancing In The Midst of a Pandemic”] refinancing-in-the-midst-of-a-pandemic-pros-and-cons-26965 [/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2021/01/5-situations-to-refinance-ft-image.jpg” title=”5 Super Relatable Situations When Refinancing May Make the Most Sense”] pgf-5-scenarios-when-you-should-refinance-41305 [/guides]


How to Refinance your Home Loan

Decided that refinancing is indeed the way to go? Here’s everything you need to know before taking the plunge: 

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2021/01/recha-oktaviani-h2aDKwigQeA-unsplash-1.jpg” title=”Planning to Refinance? Here’s How to Compare Mortgages”] Refinance-The-Ultimate-Refinance-Checklist-23566 [/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/02/mike-enerio-h6gNSO2Cb0U-unsplash.jpg” title=”The Ultimate Refinancing Checklist: Key Documents To Prepare, Fine Print to Read and More”] pgf-how-to-compare-home-loans-refinancing-41309 [/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2015/05/7_1350x350-e1563609850113.jpg” title=”Fixed vs Floating Rate Home Loans: How to Pick the Right One”] fixed-vs-floating-rate-home-loans-how-to-pick-the-right-one-2547 [/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/10/pexels-pixabay-258510.jpg” title=”How to Refinance from HDB Housing Loan to Bank Loan”] pgf-refinance-hdb-loan-to-bank-mortgage-35571 [/guides]


More Tips on Refinancing

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/07/cash-flow-pgf.jpg” title=”Home Loan Refinancing: Why is it Important to Conserve Cash Flow?”] pgf-refinancing-home-loan-cash-flow-strategy-30477 [/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/10/glen-carrie-gOYH6yGv0hw-unsplash.jpg” title=”3 Reasons to Consider Refinancing with a Shorter Tenure”] pgf-refinance-shorter-tenure-35980 [/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/06/best-housing-loan-singapore-.jpg” title=”Is There A “Best” Housing Loan Package in Singapore?”] best-housing-loan-singapore-comparison-28802 [/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2021/02/saving-money-on-mortage.jpg” title=”9 Easy Lifestyle Changes to Help You Save on Everyday Expenses”] pgf-tips-on-how-to-save-money-42089 [/guides]


Read About Others Who Have Refinanced

Don’t just take our word for it – here are some stories of how others how refinanced their home loans for greater savings: 

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/11/1302_Article_Main_Image_770x433px.png” title=”A Silver Lining in 2020: A Couple’s Home Loan Refinancing Journey”] https://www.propertyguru.com.sg/property-guides/pgf-yeri-shan-refinancing-amid-covid-19-36412[/guides]

[guides thumbnail=”https://cdn-cms.pgimgs.com/static/2020/06/home-loan-covid-19-mortgage-.jpg” title=”Why More Homeowners Are Refinancing Now, Especially Thanks To COVID-19 Property Reliefs”] https://www.propertyguru.com.sg/property-guides/refinancing-covid-19-tdsr-msr-ltv-waiver-29279[/guides]


Find Out More

PropertyGuru Finance home loan bottom banner

Disclaimer: Information provided on this website is general in nature and does not constitute financial advice.

PropertyGuru will endeavour to update the website as needed. However, information can change without notice and we do not guarantee the accuracy of information on the website, including information provided by third parties, at any particular time.Whilst every effort has been made to ensure that the information provided is accurate, individuals must not rely on this information to make a financial or investment decision. Before making any decision, we recommend you consult a financial planner or your bank to take into account your particular financial situation and individual needs.PropertyGuru does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this website. Except insofar as any liability under statute cannot be excluded, PropertyGuru, its employees do not accept any liability for any error or omission on this web site or for any resulting loss or damage suffered by the recipient or any other person.


Leave a Comment

Your email address will not be published. Required fields are marked *