It’s 2025, and the Singapore mortgage scene remains hotter than a kopi-o on a sweltering afternoon. Whether you’re a homeowner or still Googling “What is SORA?”Here are some laugh-worthy yet practical resolutions to tackle the world of Singapore home loans with flair. After all, a mortgage loan is one of the largest liabilities of everyone and we all seem to be feeling the impact of every day’s cost. How good would it be if we could shrink some extra interest dollars from our housing loans.
1. Stalk SORA Like Your Ex’s Instagram
Let’s be real—SORA should be your new obsession. Floating rates? Fixed rates? Channel your inner CSI detective and keep tabs on rate trends like it’s a crime drama. Who knows, catching the right moment might save you enough for that overpriced avocado toast.
2. Break Up (Your Mortgage) and Make Up (with Refinancing)
Think of refinancing as the relationship glow-up your mortgage deserves. Your old loan package might feel like a clingy ex—it’s time to upgrade. Banks are offering perks like waived fees, low rates, rebates and other features such as free conversion. Don’t ghost your mortgage advisor; they might just help you score a better deal.
3. Stop Splurging on Bubble Tea (Financial Discipline Edition)
With competition among banks, refinancing and repricing options have gained traction. Refinancing allows borrowers to switch to a new lender offering better rates and features, while repricing adjusts terms with the existing lender. These strategies can lower monthly repayments or provide greater flexibility in loan management.
4. Prepare for the Worst (Like Your Favorite Drama Cliffhanger)
Rates could rise faster than your heart rate during an MRT door-closing announcement. Set aside a rainy-day fund for a few months’ worth of payments. Adulting isn’t glamorous, but neither is scrambling for cash. There is constant fear about the US economy re-accelerating resulting in a reversal of rate cut to rate hike.
5. Hire a Mortgage Guru (Because Google Isn’t Always Right)
You don’t need to be the Einstein of home loans. Mortgage advisors are like those life-saving hawker stalls—always there when you need them. Let them work their magic while you enjoy the laksa of life.
With these resolutions, 2025 could be the year you conquer your mortgage like a true Singaporean—budget-conscious, pragmatic, and maybe just a little bit kiasu. Cheers to saving big and laughing through it all!
Your financial future starts with the right advice
In the ever-evolving landscape of home loans in Singapore, making informed decisions is key to securing your financial future.
Our dedicated team of expert mortgage brokers from IQrate is here to guide you every step of the way. Don’t let uncertainty hold you back; take the first step towards maximizing savings for your mortgage loan, often your largest financial commitment.
Contact us now to schedule a personalised and free consultation.
