We earn a referral fee from each bank upon every successful loan application. Every bank pays the same fee, and this ensures we are not swayed financially to provide advice that is not to our consumers’ benefit. For those curious to learn more, click here to take a look at what exactly mortgage brokers do.
Just like how platforms such as Singsaver and MoneySmart offer the best credit card deals, mortgage brokers in Singapore work with banks to secure the best mortgage rates for you. Banks prefer working with mortgage brokers because they bring them clients, reducing their marketing costs. This means they can offer more competitive rates, and since brokers work with multiple lenders, the banks compete with each other to offer you the best possible deal.
Repricing is typically facilitated by banks directly. That being said, our mortgage brokers in Singapore are more than happy to help advise on whether that is right for you, and give you assistance for a successful repricing experience.
The typical timeline for refinancing in Singapore is at least three months before your lock-in period ends, while the timeline for repricing is 1 month. (P.S. — You can read up more on the difference between refinancing and repricing here) We recommend reaching out to our team of highly experienced mortgage consultants, to advise you on what’s the right time and what’s available in the market.
Rates offered in the market differ by property type and loan amount. To get the latest bank rates, simply fill up the details here, and our mortgage advisors share with you the latest bank rates in the market.
Alternatively, should you wish to find out about other loan information, such as the best bank loans for HDBs or how to refinance your home loan in Singapore, reach out to us today!
