Resources

FAQ

Find answers to commonly asked questions about Loan Guru and Mortgage. We provide expert answers to common mortgage, refinance and home loan related queries. In addition, get tips from us on how to secure the best loan package for your needs. Our FAQ provides a simple step by step guide to the otherwise strenuous and complicated process of buying your dream home and securing the ideal loan package for your home.

Jargon Buster

Are the financial jargons and terminologies destroying brain cells? Here, you will be able to utilize a dictionary for clear and concise definitions of mortgage related terms. Arranging for a mortgage and moving out can be a confusing experience. At Loan Guru, we are dedicated to helping our customers understand financial terms commonly used by people in the industry.

Mortgage 101

Here, you will find useful information on acquiring a new mortgage for your home and refinancing of your existing property. Mortgage 101 provides users with a general and easy to understand guide on how mortgages in Singapore are being executed and maintained to ensure all our users get the most out of their money and not spend excessively for what is possibly the biggest purchase of their lives.

Drop in Mortgage Default Rate

As a result of improved economic sentiment, the default rate on mortgages has almost halved from 0.5% in March 2008 to 0.29% in March 2010, according to statistics from Credit Bureau (Singapore), Singapore's consumer credit bureau.