Since 2012, banks started withdrawing housing loan subsidies. It certainly caused some confusion and finger pointing during the initial days. Customers were not happy. Let’s look at the list of banks and their subsidies.
Home loan subsidies
The list of banks providing freebies is dwindling. If all things are equal and you have no intention to sell or redeem the mortgage in the next 3 years, then banks providing legal subsidy still make sense. Isn’t it better to receive subsidy and say thanks?
Note: As of 2014, none is offering subsidy for mortgages on new purchases. Some are offering subsidies for refinancing.
As banks subsidies for refinancing are promotional in nature, please always compare the latest mortgage refinancing packages.
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