What You MUST Know About Interest Rates For Home Loans Before Buying A Property | Stacked Opinions
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For anyone serious about buying a property in Singapore, knowing about the bank home loan interest rates is important to better understand how it works and the terms used that you normally see in the news or when speaking to a mortgage broker. In this episode Ryan J Ong will explain what you need to know on what an interest rate is based on, the differences between SIBOR and SORA and a very commonly asked question – why do banks even bother trying to sell home loans with higher interest rates?
For more about home loans:
Understanding SIBOR: https://stackedhomes.com/editorial/sibor-board-rate-and-fixed-deposit-home-loans
How to compare home loans for the best deal: https://stackedhomes.com/editorial/compare-home-loans
Chapters
0:00 – Introduction
0:27 – How Interest Rates Are Set
2:57 – Other Factors That Affect Interest Rates
4:02 – Why Some Banks Advertise High Interest Rates
6:38 – Outro
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Stacked is an online editorial aimed at helping Singapore home buyers, sellers and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling or renting Singapore real estate.
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