- Sat, Nov 11, 2017 08:30 AM
115A Commonwealth Drive
Latitude: 1.30476, Longitude: 103.798
Description:Back by popular demand! Join Moneysmart's Mortgage Specialist Mr Daniel Ng for a talk on how you can save up more when you finance your new HDB or refinance your loan with a financial institution. Learn about the pros and cons of a bank and HDB loan, and the different types of packages available in the market today! Agenda: 2.20pm: Check in and resgistration2.30pm: Talk by Mr Daniel Ng on financing your HDB, including topics on refinancing3.15pm: Q&A3.30pm: Consultation with Moneysmart Mortgage Specialist FAQsWho is this talk for?This talk is highly recommended for HDB home owners and owners-to-be who have purchased their HDB or who are considering to refinance their loan.- Customers who have purchased at least 3-rooms HDB (built-to-order, sales of balance flats & resale flats) with a minimum loan amount of $100,000 who are looking for a bank loan.- Customers who have more than $300,000 outstanding home loan and out of lock in period who are considering to refinance their loan I have not yet purchased a HDB and am looking to buy a BTO in future. Is this talk relevant for me?Yes, this talk will be relevant for customers who have both purchased or are looking to purchase soon. However, due to limited capacity, priority will be given to customers who have purchased their property as they will require a loan as soon as possible. My existing home loan is less than $300,000. Is refinancing appropriate for me?At Moneysmart, we focus on helping our consumers save when they refinance with us. If your loan is below $300,000, you may not benefit from legal subsidies offered by banks. As such, you may not be saving when you refinance your loan. I am thinking of taking a loan lower than $100,000 for my new purchase. Is taking a bank loan appropriate for me?As banks have a minimum loan amount of $100,000, it will not be possible to finance a loan below $100,000 with a bank. Please approach HDB for a HDB Concessionary Loan (HLE) for loans below $100,000. What are my transportation/parking options for getting to and fro the event?There is parking directly under our office building. For public transport options, we are located about 5 minutes away from Commonwealth MRT Station.