Mortgage Guide
Practical points for interest type selection and screening
Major interest structures
Fixed Rate
Repayment stays stable, making long-term planning easier.
Variable Rate
Often starts lower, but carries future rate-increase risk.
Fixed-Term Option
Fixed for an initial period, then switched based on your situation.
Common screening criteria
- • Income and repayment ratio
- • Employment duration and status
- • Existing debt obligations
- • Visa status and remaining term
What to prepare in advance
- • Organize household cash flow
- • Collect required documents early
- • Compare multiple lenders