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.

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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

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