Paul Wee, Managing Director (FinTech), PropertyGuru Group said, "These findings all point to common mortgage refinancing misconceptions amongst property owners. Contrary to conventional wisdom, there may be circumstances where refinancing during lock-in periods or incurring break costs may still make sense. We have helped homeowners attain a revised loan structure with lower monthly payments and higher savings in the long run, despite having to incur a legal fee subsidy claw back. This is achieved by tailoring a cost-benefit analysis to determine if a homeowner's long-term savings outweigh the costs incurred to their current loan." … [Read more...] about PropertyGuru Tackles Top Home Loan Refinancing Misconceptions Among Singaporeans in New Research
