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  • Home & Decor

    PURCHASING YOUR HOME WITH A LOAN PEGGED TO SORA

    Dec 10, 2021 4 minutes
    text WENDY KER
    photo 123RF

    Singapore’s increasing price trend and high cost of living have made taking out a home loan one of the most important considerations for many homeowners. When looking for home loans, you will encounter terms like SIBOR, SORA, and SOR. Rayner Teh, chief operating officer of Mortgage Master, talks to us about the different benchmark rates and what they mean for current and future home loans.

    HOW ARE HOME LOANS MEASURED?

    In short, all the three terms above refer to a reference rate pegged to floating-rate home loans to determine the final interest cost. There are currently two types of home loans: a fixed-rate loan and a

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