Mortgage Refinancing
Unlock the equity in your home to achieve your financial goals. Whether you want to fund renovations, consolidate debt, or invest in new opportunities, refinancing can help.
Benefits
Why choose this option?
Our Process
How it works
Assess Your Goals
We discuss why you want to refinance and help you understand how much equity you can access while achieving your goals.
Property Valuation
We arrange a valuation of your property to determine its current market value, which affects how much you can refinance.
Compare Options
We compare your refinance across banks and lenders, weighing rates, terms, and any penalties you might incur within your lock-in period.
Complete the Refinance
Once approved, we coordinate with the conveyancing lawyer to redeem your existing loan and set up the new one.
FAQ
Common Questions
How much can I borrow through refinancing?
For most private properties, banks can finance up to 75% of the property value, subject to your outstanding loan and eligibility. For example, if your home is valued at S$1,000,000 and you owe S$400,000, you may be able to unlock additional equity through a cash-out refinance, within the applicable limits.
What are the costs of refinancing?
Costs may include legal fees, valuation fees, and any penalties if you refinance during your current lock-in period. Some banks offer subsidies to offset these costs. We'll provide a clear cost-benefit analysis before you decide.
Is refinancing right for me?
Refinancing makes sense when the benefits outweigh the costs. Common reasons include accessing equity at mortgage rates vs. higher consumer loan rates, significantly lowering your rate, or consolidating high-interest debt.
Can I refinance if I'm self-employed?
Yes, self-employed borrowers can refinance. You'll need to provide proof of income, typically through your recent Notice of Assessment and bank statements. We'll guide you on exactly what each lender requires.
Ready to get started?
Our team is here to help you every step of the way. Apply online or contact us for a free consultation.