Home Loans & Mortgage Refinancing in Singapore

Whether you’re buying your first HDB flat, upgrading to a condo, or simply refinancing a mortgage you’ve had for a few years, the rate you end up with depends on timing as much as it does on which bank you pick. Singapore’s mortgage rates move with SORA, and banks adjust their packages every few months — which means the “best deal” a friend got last year might not even be available today.

This category covers new home purchases and refinancing for both HDB and private property. If you’re not sure whether refinancing makes sense for you, a rough rule of thumb is worth checking every time your existing lock-in period ends, since banks generally save their best rates for new customers, not loyal ones.

Why refinancing gets overlooked

A lot of homeowners stay on their bank’s revert rate (the rate you roll onto after your initial lock-in period ends) simply because refinancing feels like a hassle. In practice, the paperwork is fairly standard, and the savings from switching to a fresh package can be significant over a 20 or 30 year loan tenure — even a small rate difference compounds over that timeframe.

For new purchases, the right loan isn’t always the one with the lowest headline rate. Lock-in period, repricing flexibility, and whether the package allows partial repayment without penalty all matter, especially if you expect your situation to change in the next few years. We work directly with bankers at DBS, OCBC, UOB and others to walk you through what actually fits your situation, not just point you at the cheapest number on a rate table.