For people who manage to secure a beneficial financial price and need when deciding to take advantageous asset of they for many many years, do it now. If not, we t’s and possible to start with the HDB mortgage and you will refinance with a bank later on whenever cost boost.
While you are to purchase a completed HDB flat (we.e. resale) – or if perhaps you are refinancing to suit your freshly-situated BTO, perhaps – then you’ve got a great deal more possibilities.
Based your income, you could or is almost certainly not entitled to the HDB mortgage after you get an HDB selling apartment.
If you do meet the requirements, the fresh new HDB financing is often the right choice since it need a smaller sized deposit which can be a lot more flexible – you might mortgage small amounts, such as for example, and also make limited otherwise over fees very early without any penalty.
In terms of loans, a done HDB flat including enables you to obtain lower than an excellent fixed rate of interest (plus the drifting speed packages i discussed more than). Continue reading
