Refinance Process
Getting Your Refinancing Works Done
From Application to Approval
From our experience, we think it is good to align ourselves with you in a process to get your refinancing works done efficiently. Yes, we will guide you in the 4 steps we have identified below.
Know Your Home Loan Status
You landed on our site because you are looking to refinance your home loan. That’s a good start. Do get the following information regarding your current home loan ready: (1) Lock-in Period Expiry; (2) Monthly Repayment, (3) Outstanding Loan Amount, (4) Current Interest Rate & Rate Type; (5) Fees, Charges & Penalties.
Get in Touch with Us
You can reach out to us via email, Whatsapp, call or request a call back. We are more than happy to assist you in the refinancing process. Our mortgage specialist will advise on any penalty or fees you might incur from refinancing during your lock-in period. We will also advise if the refinancing bank is able to subsidise administration, legal and valuation fees for your refinancing with them.
Refinance Rates Comparison
We will get you the best quotes from all major banks for both fixed and floating rates. We will help you in deciding which rate type might fit your needs better as we walk through with you the pros and cons of each rate type. We also advise you the loan package from each bank until you make your final decision with your ideal loan package and the refinancing bank.
Get Approval
There are some Documents Required to complete your refinance. We will help you through the paperwork and link up with the refinancing bank. You will also get periodic updates on the progress with us. We encourage you to start your refinance process early (4-6 months before lock-in expires) as you will need time to notify your current lending bank.
Documents Required for Refinancing (HDB or Private)
Personal & Property Related Documents
1. Completed Mortgage Loan Application Form;
2. Photocopy of NRIC or Passport (front & back);
3. CPF property statement (if using CPF) – information showing total principal amount used and accrued interest used;
4. Outstanding mortgage loan statement from current lending bank.
Income Related Documents
1.Salaried
• Computerised pay slips (latest 3 months) or;
• Latest Notice of Assessment or;
• 12 months CPF contribution history;
• If working less than 3 months, provide latest payslip and employment contract.
2. Self-Employed – Latest 2 year Notice of Assessment
Financial Commitment Documents
1. Latest credit card statement;
2. HDB statement showing no HDB existing HDB loan;
3. Car loan;
4. Personal loan;
5. Other financial commitments.
Do note that some banks may require more detailed documents. We will advise you accordingly on the documents required by the refinancing bank.
We are the Guru for Your Refinance Needs
Send a Message or Schedule Your Free Consultation
If you have any question regarding refinancing your loan, do drop us an email. We would love to help. Refinancing decision could be big decision and we are always ready to listen and work towards your need.
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