For individuals who have the ability to safer a financial speed and want to take advantageous asset of it for most years, do it. Or even, i t’s as well as possible first off this new HDB mortgage and you may re-finance which have a lender afterwards when pricing boost.

When you are to buy a done HDB apartment (i.e. resale) – or if perhaps you might be refinancing to suit your freshly-created BTO, possibly – then you’ve got a lot more possibilities.

Based on your earnings, you are able to otherwise may possibly not be qualified to receive brand new HDB financing when you purchase a keen HDB selling apartment.

If you do qualify, new HDB financing often is the right choice since it means an inferior downpayment in fact it is way more versatile – you might loan small amounts, such as for instance, making limited or done repayment very early without having any penalty.

In terms of bank loans, a completed HDB flat along with enables you to borrow under an effective repaired interest rate (as well as the floating price packages we talked about more than). […]