No matter how low Singapore mortgage rates are, it will have no meaning to you if you have bad credit. This is even when you make an income that is comparable to a professional. Having adverse personal credit can mean that most of your mortgage loan applications getting rejected, while other lender might only be willing to offer you a mortgage loan at high interest rates to offset the risk they take on you.
The thing is if you have bad credit, you will most likely already be aware of it. While you may think that nobody will find out about your personal credit history if you do not declare it to the bank, you can bet that the lender will be able to access your personal credit information easily. This means that you should always property and fully inform the lender on your personal credit issues that you think might affect your mortgage loan application. To take a look at your own personal credit record, you can obtain it from the Singapore credit bureau.
To attain a credit record that banks and financial institutions will drool over, the concept is easy. Pay all your bills promptly. But of course, if you are reading this, you probably have some credit issues that you worry can cause your Singapore mortgage loan application to fall through.