When should I refinance my Mortgage Loan?

[Uerian]

Hi All, I've been a lurker on this site for some time but only because most of my questions have been answered by trawling through past histories.

This time though I have a more "contemporary question" which I would like to hear some advice on.

I've recently sold off my hdb flat, resulting in proceeds - cash on hand ard 100k and combined (with spouse) CPF ard 160k. My new condo TOPs in 2 years from now.
Currently making mthly payments for "the 1st 10%" via *BS bank loan on SIBOR 3mth.

Question: When and how much of the proceeds should I refinance and should I be taking up a fixed rate?

Appreicate your kind replies. Thank you in advance.

[Arcachon]

Hi All, I've been a lurker on this site for some time but only because most of my questions have been answered by trawling through past histories.

This time though I have a more "contemporary question" which I would like to hear some advice on.

I've recently sold off my hdb flat, resulting in proceeds - cash on hand ard 100k and combined (with spouse) CPF ard 160k. My new condo TOPs in 2 years from now.
Currently making mthly payments for "the 1st 10%" via *BS bank loan on SIBOR 3mth.

Question: When and how much of the proceeds should I refinance and should I be taking up a fixed rate?

Appreicate your kind replies. Thank you in advance.

When to Refinance Your Housing Loan in Singapore


http://blog.moneysmart.sg/home-loans...-in-singapore/

http://bit.ly/1ycfmT1

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