3 things to check before committing to a loan

So you think you have a great home loan deals, but soon enough you realise that you didn't get such a great deal after all.  What are some of the things you should pay attention to, to ensure that your deals are indeed a sweet one?

Early Payment Repayment Penalty

Is there a penalty for early payment?  Meaning, should you decide to move banks that offer a better interest rate, will you be slapped with a hefty fine?  Check whether there are early payment repayment penalty.  Without it, we are given the flexibility and the freedom to exercise our choices.

Legal Subsidies

Legal fees in financial loans can amount to thousands of dollars.  Check if your bank or financial institutions offer legal subsidies to help ease your expenses.  Better still if you have lawyer friends who can offer their services pro bono.  Nevertheless, don't miss out on these fees!  Sometimes banks may also stipulate that their subsidies are partially or fully refundable should client terminate the contract prematurely.  It is thus important to look through all the fine prints of a loan contract document before venturing to put your ink on it. 

Set reminders

Banks are known to bet their dollars on consumers who don't check their loan tenure and terms carefully.  As such, make sure that you remember to check when your bank lock in period is over.  The lock in period is the period that early repayment penalty are effected.  This is a period where it is not worth while to move institutions or banks.  

Set a phone reminder to inform you of the terms of the loans and the lock in period.  Be sure to check the market or have your broker inform you of the latest financial development.  This ensures that you are always paying the best loan rates. 

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Fit the purpose

Robustly built. Elegant and fit the purpose

Seattle King Size Bed

Seattle King Size Bed

Love it!

Beautiful sturdy floor lamp, perfect height and great neutral colours.

Lovely and comfortable

Decided to post this after using the sofa for 2 over months. (Received in mid July)

I opted for CAT27 Cognac instead of the original Jethro Leather. Was a bit worry initially whether it will turn out ok and it did. The colour matches well with the theme of my living room. The seat is firm, back rest is very comfortable and the leather is very soft. My guests also love sitting on it. The delivery guy is very professional and handle the sofa carefully while fixing the legs. I am happy with the overall experience and the product purchased.

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Aspen Bench
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Beautiful Aspen Bench

So lucky to have gotten this Aspen bench with the last Aspen dining table before I was told this series has been discontinued. The bench is beautiful in the right colour, size for my home theme and not too heavy to move for usability. Special thanks to the very friendly and helpful staff at the Changi showroom for accommodating to my late delivery request because I “choped” the dining set few months before delivery.