Straight2Bank
YOUR SITUATION
| RECOMMENDED MORTGAGE PLAN
| KEY BENEFITS
|
|---|---|---|
| With cash on hand and have regular savings | Mortgage $aver | Maximise your interest savings • Have the interest earned from your deposits offset your mortgage expense by reducing the Mortgage Loan outstanding principal |
| First-time home buyer or with limited budget (cannot afford a 40% down payment) | Up to 90% Mortgage Plan | Greater financial flexibility • Borrow up to 90% of the property value, making a wider range of properties affordable |
| Can afford to manage fluctuations in the repayment amount | HIBOR Mortgage Plan | Interest rate that stays on top of the market • Save interest by enjoying a low interest rate when the HIBOR market rate is low |
| Prefer a more stable repayment plan | Prime-based Mortgage | More control over your interest expenses • Enjoy a more stable interest rate |
| Have an existing mortgage with Standard Chartered or other banks | Refinancing | Adjusting to your changing needs • Lower your payments, pay off your loan faster, consolidate your debts or free up funds |
| Residential property owners planning for retirement and stable cash flow | Reverse Mortgage Programme | Regular stream of monthly payouts • Remain as the owner and live in the property for the rest of your life while no repayment during lifetime |
Steps to Buying a Home
Follow these 6 steps to complete your home purchase journey.
Step 5: Choose the right mortgage
Choosing the right mortgage is just as important as finding the right home. Compare the benefits of our different mortgage plans and choose the one that best suits your needs:
