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SORA: The New (and Soon-To-Be Only) Floating Rate in Town
Whether you are searching for a new home or simply browsing, chances are you will come across some version of this term: SORA home loan. What is SORA rate, how does it compare with other benchmark interest rates, and what does SORA mean for your home search or...
Past Articles
HDB Loan vs Bank Loan: Here’s A Quiz to Help You Pick.
Let's be honest: There are plenty of articles out there comparing the difference between HDB loans and bank loan. Google "HDB Loan vs Bank Loan" and you'll see them. Most of these articles will be repeating or emphasising the same things listed in this article. If...
8 Things You Should Know About Refinancing Your Home
Imagine this: You've finally gotten your dream home. Maybe a landed property with a private pool. Maybe a 500 sq foot condo apartment that has a gym that you hardly go to (I don't blame you!). Or maybe you're happy staying at your new 5-room resale flat that you share...
Mortgage Advice From Property Agents: Convenient or Misleading?
Because of what I do, and thanks to social media algorithms, I’ve been on the receiving end of sponsored ads promoting mortgage advice from property agents on Facebook. It is a pretty common tactic to rake in leads. Lately though, with very attractive packages offered...
Oil Prices Dropped, So Why Not The Price of Fuel?
You probably heard it by now: Oil prices dropped to unprecedented low levels, reaching negative figures for the first time in history. In fact, the last time this happened was around 150 years ago. You can see it in the chart below: There are several factors...
Should I pay down my Home Loan as fast as possible? – Pros and Cons
It’s only natural to want to pay down your mortgage to reduce the general interest costs. Borrowers should settle their home mortgage early when they have big amounts of cash money, provided it is well over what they require for emergency situations and retirement....
Mortgages – 5 Most Common Types for Singaporeans
A mortgage is a debt instrument, secured by the collateral of a specified real estate, that the borrower is obliged to repay over an established term. Services and individuals use loans to make big real estate purchases without paying the entire amount in advance out...
Halal and Islamic Finance – Similar; Not The Same?
You may think they are the same but “Halal Finance” and “Islamic Finance” have key differences that makes them stand apart from each other.
Jumbo Flats – Hidden Treasure of the Resale Market
There's a flurry of real estate ads that advocates the purchase of landed property and condominiums these days, all with the promise of being able to purchase or upgrade to such units for "little to no money". The hidden condition for this purchase is that you have to...
Muslim Inheritance – The Basics on Asset Distribution for Deceased Singaporean Muslim
When it comes to inheritance of asset, the Interstate Succession Act does not apply to Muslims. We take a look at the basics of Muslim Inheritance Law.
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