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Understand the Home Loan Process in Singapore

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Definition of Home Loan

A home loan is a type of loan used to purchase or remodel a real estate property. It is secured by the value of the property and typically has lower interest rates than other types of loans. Home loans are often used to finance the purchase of a new home, but they can also be used for refinancing an existing mortgage.

Home loan Singapore is provided by lenders, such as banks or credit unions, and can also be obtained from private lenders like mortgage brokers or individual investors. The amount available for a home loan depends on several factors including credit history, income level and the value of the property being purchased or refinanced.