With a rising interest rate environment, Singapore mortgage rates are set to increase this year.
“Mortgage advisors are expecting the 3-month compounded Singapore Overnight Rate Average, or Sora, which has hovered around 0.24 per cent to 0.25 per cent in the past month, to hit about 0.8 per cent by July and possibly cross 1 per cent before the end of 2022”
• Need to cater for increased monthly instalments which affects cashflow
• More emergency funds need to be set aside for mortgage servicing in the event of job insecurity
• May reduce rental yield for investment properties
Do drop me a email if you’d like to know more about mortgage loan planning like re-financing or cashflow planning, and I’d be happy to assist!
My email: email@example.com
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
Winnie is a Certified Financial Planner with more than 10 years experience in financial advisory services, helping many of her clients to achieve their financial dreams, while protecting their families.
With more than a decade of insurance claims experience, she has tangibly helped many clients receive their claims pay-outs successfully, relieving their financial burden.
As part of her community outreach program, she finds it very meaningful to conduct financial talks for companies where the staff can benefit from the talks. Some of the companies who have benefitted include National Kidney Foundation, Singapore National Eye Centre and Singtel.
Despite her busy schedule, she enjoys working out at the gym and playing the piano (currently pursuing Grade 5 ABRSM).
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