Article: Reduce monthly installments by paying lesser principal

[fahl.sean]

If you wish to maximize cashflow from your property (especially the investment one), look no further and please continue to read about Mortgage Choice!

Introducing to you the latest home loan product, Mortgage Choice. This offers a repayment scheme that allows you to pay interest and only a portion of principal. This package is very attractive for investors especially if you are planning to rent out the unit and have the rental income offset your installment substantially. Chances are, you will have a positive cash flow every month from this Mortgage Choice.

What is Mortgage Choice
Mortgage Choice helps you with your cash flow, so that you can own a house and have more cash in hand.

Mortgage Choice is a new Home Loan repayment feature allowing you to choose a fixed monthly installment for up to 2years to ease cash flow.



Choice
Fixed installment amount of your choice for duration of your choice – either 1 or 2 years (after TOP).
Your choice to opt-out at any time to resume regular instalment.
Choice of 3M SIBOR + 0.78% onwards or Variable Rate from 1.08% onwards.


Cash Flow
Cash flow is eased in the initial years so that you can channel to other commitments.
Conserve CPF funds in Ordinary Account to earn higher interest or use CPF funds for other investments. (for Singaporeans & SPRs only)


Ease
No hassle of making capital repayment
For SIBOR packages, no need to change installment amount every 3mths during the fixed installment period.


In order to have some element of stability in the monthly instalment payable for the next couple of years, the customer can take up the Mortgage Choice package which allows the customer to lower the monthly instalment payable. This will allow the customer to enjoy the benefits of the current low interest rates as well as the stability offered by a fixed monthly payment.

Click here for information to reduce instalments and increase cashflow and yield.

Can explain more about it?