Connect with us

News

PropertyGuru Tackles Top Home Loan Refinancing Misconceptions Among Singaporeans in New Research

gbafNews28

45% of Singaporeans feel unwise to refinance within lock-in period, a top home loan misconception hampering opportunities to save money

 

SINGAPORE – Media OutReach – 18 January 2021 – PropertyGuru Group, (“PropertyGuru” or the “Group”), Asia’s leading property technology company, today revealed Singaporeans’ top misconceptions around home loan refinancing, according to new research conducted between 23 October to 30 November last year.

When asked for the reasons for not refinancing their home loans, the research identified that 45% of Singaporeans feel that refinancing their mortgage during their lock-in period is an unwise decision, 34% perceive that a lot of effort is involved to refinance their mortgages, while 21% brought up the need to pay thousands of dollars upfront when refinancing as a drawback.

Paul Wee, Managing Director (FinTech), PropertyGuru Group said, “These findings all point to common mortgage refinancing misconceptions amongst property owners. Contrary to conventional wisdom, there may be circumstances where refinancing during lock-in periods or incurring break costs may still make sense. We have helped homeowners attain a revised loan structure with lower monthly payments and higher savings in the long run, despite having to incur a legal fee subsidy claw back. This is achieved by tailoring a cost-benefit analysis to determine if a homeowner’s long-term savings outweigh the costs incurred to their current loan.”

Commercial banks’ interest rates have also reached historical new lows due to the pandemic, serving as a good checkpoint for homeowners to review their current financial commitments, including home loans, and ensure long-term household economic health.

“Just like going for a regular health check, it is prudent to re-evaluate your finances periodically to ensure that the mortgage is serving your needs optimally. Everyone’s situation is different, and so is each home. Singaporeans should take a strategic and holistic approach to mortgage refinancing by considering other key factors such as their current financial situation, employment outlook, personal cash flow, and even life plans,” added Paul.

[View Image]

On the back of this discovery, PropertyGuru Finance‘s latest “#Switch2Save” campaign in Singapore aims to shed light on the process of home loan refinancing — thereby encouraging Singaporeans to act on the benefits of refinancing their home loans, thus saving money in the long run.

Bjorn Sprengers, Chief Marketing Officer & Head of FinTech, PropertyGuru Group said, “Getting a mortgage is often associated with uncertainty and inefficiency, as well as reams of paperwork, industry jargon, and tricky fine print. PropertyGuru’s #Switch2Save campaign shares the benefits of seeking one’s home loan through PropertyGuru Finance, a trusted mortgage advisor that is free, easy to work with and provides independent, personalised services for consumers’ better long-term financial benefits.”

To extend its reach amongst consumers, the campaign will be progressively rolled out through paid, owned, and earned media channels, running from 11 January 2021 till 31 March 2021, as part of a multi-channel marketing approach.

Why Refinance with PropertyGuru Finance?

  • Choose from over 140 attractive rates

PropertyGuru Finance partners with all major banks in Singapore, including DBS, OCBC, Citibank, UOB, Standard Chartered, and Maybank. This means that property owners can choose from a wide range of refinancing options to get the most competitive rates and promotions. PropertyGuru’s proprietary data is also used to regularly monitor home valuations and interest rates to help property owners optimally time moments of refinancing and enjoy the full benefit from capital gains.

  • Get future-proof advice and enjoy a seamless transition of home loans

Being independent from financial institutions, PropertyGuru’s team of experienced Home Finance Advisors can offer unbiased, personalised advice, and recommend the right home loan package. They will then navigate through the home loan marketplace, track indicative property valuations, submit the home loan applications, and share regular updates about the application status with homeowners/homeseekers — absolutely free of cost.

  • Smart, digital tools to simplify property finances

PropertyGuru’s technology offers a range of smart tools and features for every step of the home finance journey, from understanding loan eligibility and comparing loans to easily applying for multiple loans online. Some tools include a home affordability calculator, refinancing calculator, and a mortgage comparison tool. These services enable property owners to consume home financing services conveniently, securely, and instantly online.

#Switch2Save with PropertyGuru Finance at https://bit.ly/Switch2SavePGF today!

About PropertyGuru Group

PropertyGuru.com.sg was launched in 2007. It revolutionised the Singapore property market by taking it online and making property search transparent for everyone. For the past 13 years, PropertyGuru.com.sg has been helping property seekers in Singapore make confident property decisions. With over 5.5 million monthly visits* and 75%** consumer market share, PropertyGuru is the No.1 destination for Singapore homeseekers.

It is part of PropertyGuru Group, Southeast Asia’s leading property technology company and the preferred destination for 24.5 million property seekers to find their desired home, every month. PropertyGuru Group of companies empower property seekers with the widest option of over 2.7 million homes, in-depth insights and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

Over the decade, the group has grown from a regional property media powerhouse to a high-growth technology company with a robust portfolio of No.1 property portals across its core markets; award-winning mobile apps; best-in-class developer sales enablement platform, FastKey; mortgage marketplace PropertyGuru Finance; and a host of industry-leading property offerings including Awards, events and publications across Asia.

For more information, please visit propertyguru.com.sg; linkedin.com/company/propertyguru

 

*Source — Google Analytics data, Jan-Jun 2020

**Source –SimilarWeb – Engagement market share, last six-month average as of July 2020


News

INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ebix, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

gbafNews28

LOS ANGELES, Feb. 25, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Ebix, Inc. (“Ebix” or “the Company”) (NASDAQ: EBIX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between November 9, 2020 and February 19, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before April 26, 2021. 

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Ebix lacked audit evidence to prove legitimate purposes for large and unusual transactions in its India gift card business. The Company suffered from material weaknesses in internal controls over gift cards and prepaid revenue. The Company's auditor was likely to resign over $30 million put into a trust account commingled with its outside legal counsel. Based on these facts, the Company's public statements were false and materially misleading. When the market learned the truth about Ebix, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com 
Office: 310-301-3335
[email protected]

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/investor-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-ebix-inc-and-encourages-investors-with-losses-in-excess-of-100-000-to-contact-the-firm-301235905.html

SOURCE The Schall Law Firm

Continue Reading

News

Hagerty names its Top Gear Agents for 2021

gbafNews28

TRAVERSE CITY, Mich., Feb. 25, 2021 /PRNewswire/ — Hagerty, the world's largest provider of specialty insurance for vintage vehicle owners and enthusiasts, has named its Top Gear Agents for 2021, based on their outstanding 2020 sales performances.

“By putting more car enthusiasts behind the wheel, this elite group of agents contributes directly to furthering Hagerty's mission to keep driving and car culture alive for future generations,” said McKeel Hagerty, CEO of Hagerty.

This year's Top Gear Agent list includes:

  • American Mutual Insurance Services, Bothell, Washington
  • Bay Area Insurance Shop Inc., Clearwater, Florida
  • Classic Automobile Insurance Agency, Indianapolis, Indiana
  • Coverica Inc., Dallas, Texas
  • Crankshaft Motors, Holly Springs, North Carolina
  • Eastern Insurance Group LLC, Wakefield, Massachusetts
  • Edward Van Eckert, Metuchen, New Jersey
  • FBinsure LLC, Taunton, Massachusetts
  • Full Octane Insurance, Brentwood Tennessee
  • Gingerbread Insurance Agency, Clermont, Florida
  • HWI Motorsports, Southborough, Massachusetts
  • JMG Insurance Corp., Norwalk, Connecticut
  • John Abrams & Associates, Newburgh, New York
  • Rally Insurance Group, Volo, Illinois
  • Rogers & Gray Insurance Agency, Inc., South Dennis, Massachusetts
  • Southern Classic & Custom LLC, Garner, North Carolina
  • Stonewall Insurance Group, Wilbraham, Massachusetts
  • Texan Insurance, Houston, Texas
  • The Phoenix Insurance, Dallas, Texas
  • Wilcox & Reynolds Insurance, Storrs, Connecticut

As Top Gear Agents, the above companies have access to co-op marketing dollars, preferred placement on Hagerty's online agent locator, spotlights on Hagerty's social media channels and more.

About Hagerty

Hagerty is an automotive lifestyle brand with a mission to keep driving alive for car lovers and drive positive change in the world. Hagerty is home to Hagerty Drivers Club, Hagerty DriveShare, Hagerty Valuation Tools, Hagerty Drivers Club magazine, Hagerty Media, MotorsportReg, Hagerty Garage + Social, the Greenwich Concours d'Elegance, the California Mille and more. Hagerty is the world's largest provider of specialty insurance for enthusiast vehicles and supports keeping car culture alive through youth programs, the Historic Vehicle Association (HVA), the RPM Foundation and more. For more information, call (800) 922-4050 or visit www.hagerty.com.

Media Contact
Andrew Heller, [email protected], 231-632-1583
Bobby Hammelman, [email protected], 646-723-3830

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/hagerty-names-its-top-gear-agents-for-2021-301235936.html

SOURCE Hagerty

Continue Reading

News

McGuigan named Executive Vice President of Laird Norton Company

gbafNews28

SEATTLE, Feb. 25, 2021 /PRNewswire/ — The Laird Norton Company (LNC) today announced the appointment of Brian McGuigan as Executive Vice President, Enterprise Strategy and Corporate Development.  McGuigan, who joined the firm in 2012, will be responsible for developing, communicating, and managing the company's post-COVID-19 strategies and initiatives.  He will also oversee the company's tax, legal and corporate development functions, including its portfolio of direct investments in companies including subsidiaries Laird Norton Wealth Management (LNWM) and Heartland. Additionally, McGuigan will become a director of LNWM and a member of the LNC Real Estate Committee, while continuing to serve on the boards of directors of LNC investments Zevia, WISErg, and Heartland.

“When Brian joined the company in 2012, we intuitively knew that he had significant growth potential,” said Jeff Vincent, LNC CEO.  “It has been extremely satisfying over the past nine years to see him live up to that potential both professionally and personally. I am more excited now to see what Brian will accomplish in the future.”

“The Laird Norton Company is one of the nation's most highly regarded and successful family businesses spanning seven generations dating back to the 1850s.  I am honored to have been entrusted with the essential roles of managing the enterprise's strategic direction and continued development,” McGuigan said.

McGuigan started as Manager, Corporate Investment.  Earlier promotions include Director, Corporate Investments in 2015; VP Corporate Investments and Compliance in 2017; and VP, Strategy and Corporate Development in 2018. 

“In each of these increasingly important and complex roles, Brian has excelled,” Vincent said.

Brian was born in Zimbabwe and grew up in South Africa before starting his career in the UK.  He now calls Seattle his home, where he lives with his wife, Margaret, and two sons.  Brian received a BSc in chemical engineering from the University of Cape Town, and an MBA from the USC Marshall School of Business.  He is a CAIA Charterholder.

ABOUT Laird Norton:

Laird Norton Company (LNC) is a seventh-generation family-owned enterprise that invests in real estate and operating companies. Emerging from the values of the company and its family owners, we strive to create shared value with our unitholders, employees, partners, and communities. Among its many holdings, LNC wholly owns Laird Norton Wealth Management, a wealth management company, Laird Norton Properties, a real estate investment firm, and has a majority investment in Heartland, LLC, a real estate consulting firm. 

For more information, visit LNC's website at www.lairdnorton.com

 Contact:           

Jennifer Polson

[email protected]

206-401-4506

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mcguigan-named-executive-vice-president-of-laird-norton-company-301235917.html

SOURCE Laird Norton Company

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call for Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Posts

gbafNews28 gbafNews28
News2 hours ago

INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ebix, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, Feb. 25, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of...

gbafNews28 gbafNews28
News2 hours ago

Mechanical Technology, Incorporated and Subsidiary, EcoChain, Inc. Announce Appointment of Aly Madhavji to Board of Directors

ALBANY, N.Y., Feb. 25, 2021 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), (OTCQB: MKTY), the parent company of MTI...

gbafNews28 gbafNews28
News2 hours ago

Lument Assists Hillcrest Health Services with $41.5 Million Freddie Mac Seniors Housing Refinance

NEW YORK, Feb. 25, 2021 /PRNewswire/ — Lument has announced the closing of a $41.5 million Freddie Mac loan to refinance...

gbafNews28 gbafNews28
News2 hours ago

McGuigan named Executive Vice President of Laird Norton Company

SEATTLE, Feb. 25, 2021 /PRNewswire/ — The Laird Norton Company (LNC) today announced the appointment of Brian McGuigan as Executive Vice...

gbafNews28 gbafNews28
News2 hours ago

Hagerty names its Top Gear Agents for 2021

TRAVERSE CITY, Mich., Feb. 25, 2021 /PRNewswire/ — Hagerty, the world's largest provider of specialty insurance for vintage vehicle owners...

gbafNews28 gbafNews28
News2 hours ago

Online Retailer PulseTV Puts Bitcoin Center Stage In Its Financial Strategy

TINLEY PARK. Ill., Feb. 25, 2021 /PRNewswire-PRWeb/ — PulseTV.com an online retailer since 1998 has announced its “Bitcoin Strategy” for 2021....

gbafNews28 gbafNews28
News2 hours ago

Kinetix Makes Strategic Investment in Senfino AI

NEW YORK, Feb. 25, 2021 /PRNewswire-PRWeb/ — Senfino AI, a leading fintech company that provides AI solutions for Asset Management, today...

gbafNews28 gbafNews28
News2 hours ago

Senator Pat Roberts Joins Capitol Counsel

WASHINGTON, Feb. 25, 2021 /PRNewswire/ — Capitol Counsel announced today that Senator Patrick (Pat) Roberts (R-KS) will be joining the firm...

gbafNews28 gbafNews28
News2 hours ago

ImpactAssets and the Clio Fund Invests in The 22 Fund

LOS ANGELES, Feb. 25, 2021 /PRNewswire/ — The 22 Fund, an impact, early-growth firm investing in tech-based, manufacturing companies to...

gbafNews28 gbafNews28
News2 hours ago

Royce Value Trust (NYSE: RVT) as of Jan 31, 2021

NEW YORK, Feb. 25, 2021 /PRNewswire/ — Oldest and largest small-cap closed-end fund Average weekly trading volume of approximately 1,257,916...