Fixed rate loans – Property in Singapore for sale

Fixed rate loans – Property in Singapore for sale

Interest rate is fixed for a certain number of years, meaning that the fixed interest rate will not change, even if prevailing interest rates should rise or fall. Upon expiration, the interest rate will revert to a floating rate. There is usually a lock-in period and a penalty for early redemption. Property in Singapore for sale.Fixed rate mortgage is ideal for the consumer who wants to know exactly of how much his monthly payment will be.

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