Just over one month into the year of the horse there is good news for homeowners in Singapore. The Central Bank has begun to loosen debt servicing ratio assessments (usually known as TDSR) for owner occupied home mortgages, and banks are beginning to launch new promotional housing loan packages to meet demand.

The latest updates to the newest home loan deals include:

• Banks have begun lowering interest spread for fixed and variable rate packages by approximately 5 basis points per year.

• New legal subsidies have been introduced to help homeowners meet or defer the cost of refinancing home loans.

• The launch of new promotional home loan deals means homeowners will be able to enjoy savings of between $1000 and $2500, excluding interest rate savings.

Anyone interested in learning more about the latest promotional home loan deals should visit www.mortgagesupermart.com. This promotional page also features other hot deals for industrial and commercial property finance, overseas property finance for non-resident international applicants as well as for residents, and top-tier financing deals for small businesses.

The Mortgage Supermart website also has a lot of other extensive information including a mortgage calculator and articles to help consumers and businesses find and research the latest information so they are able to make informed decisions towards their mortgage and business financial planning. You'll find more information on these all these products and services by visiting the services page.

The Mortgage Supermart Singapore is Singapore's leading independent loan brokerage hub, providing four different categories of independent loan brokerage solutions which are residential home loans, commercial and industrial property finance, small business loans and overseas and international property finance. The business was incorporated in 2010 and since that date has helped thousands of consumers and businesses compare costs so they can refinance and save money.

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Allison Halliday

Allison Halliday is a Realty Biz News contributing writer. She handles International Real Estate and is a seasoned blogger.

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