Solutions for Refinancing A Home Loan in Singapore With Bad Credit

Dollarbackmortgage30 Oct, 2024Finance

Credit scores are a key determinant in evaluating your eligibility for refinancing. These scores, which range from 1,000 to 2,000 in Singapore, are used by lenders to assess your creditworthiness. A higher score indicates lower credit risk and often leads to better loan terms, such as lower interest rates. Conversely, a lower score signals a higher risk, leading to more stringent loan conditions or even rejection.