12 Feb '13, 10am

[FINANCIAL GUIDE] Some basic things to consider before shopping for a mortgage

[FINANCIAL GUIDE] Some basic things to consider before shopping for a mortgage

Interest is the cost of borrowing. So naturally it is a key deciding factor when selecting a loan. You will not want to pay an excessive price for borrowing; therefore take note of the interest rate over the entire life of the loan, not just in the beginning. To compare the interest payable for different loans, you can make use of the loan analysis system at www.iCompareLoan.com , which can generate reports showing the interest incurred for all the mortgage packages in Singapore. Figure 1 and 2 show a snapshot of the interest comparison tables and charts to be found in our reports.

Full article: http://www.stproperty.sg/articles-property/financial-guid...

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