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| Residential mortgage loans are home loan financing that a borrower/borrowers obtained when buying a residential property like a HDB flat, apartment, condominium or a landed terrace house.
The property is used as collateral of the mortgage, secured by a lien on the property which borrowers repay over a specified tenor at a certain interest cost. Home loans in Singapore are commonly pegged to the Singapore Interbank Borrowing Rate (Sibor), Swap Offer Rate (SOR), Bank's board rate or fixed interest rates. For more information on residential home loans, visit: http://www.mortgagesupermart.com.sg/services/residential-hdb-and-private-property-home-loans |