Buying an Executive Condominium (EC) is a dream come true for many families in Singapore. Located within the city’s residential heartland, Executive Condominiums offer the perfect combination of living in a vibrant city but with all the convenience of suburban living. The Bukit Batok EC is one of the most popular ECs in Singapore, with its well-designed homes, convenient location and excellent transport links. But before you jump into the purchase of a Bukit Batok EC, it’s important to consider the financing options available to you.
One of the most popular ways to finance an EC purchase is through a mortgage loan. This is a loan taken out from a bank or other financial institution that is secured against the property. This means that the lender has a legal claim to the property in case of non-payment. Mortgage loans are typically offered at a lower interest rate than other types …