Loan Process
Getting Your Loan Approved
From Application to Approval
From our experience, we think it is good to align ourselves with you in a process to get your new loan or refinance works done efficiently. Yes, we will guide you in the 4 steps we have identified below.
Know Your New Home Loan or Current Status
You landed on our site because you are either looking for a new home loan or to refinance your home loan . That’s a good start. If you are looking for a new loan, you will need: (1) Loan Amount, (2) Loan Tenure and (3) Rate Type (Fixed or Floating). If you are refinancing your current home loan, do get the following ready: (1) Lock-in Period Expiry; (2) Monthly Repayment, (3) Outstanding Loan Amount, (4) Current Interest Rate & Rate Type; (5) Fees, Charges & Penalties.
Getting 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 the requirement for your new loan or any penalty or fees you might incur from refinancing during your lock-in period. Our mortgage specialist will be able to advise you on the requirements for your loan application.
Rates Comparison
We will get you the best quotes from all major banks for both fixed and floating rates. Our mortgage specialist will also be able to generate reports for you to compare the various loan packages offered by the banks. Let us help you run through the detailed report(s) that cater to your needs and walk through with you you the pros and cons of each rate type and loan package.
Getting Approved
There are some Documents Required to complete your loan application. 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. If you are refinancing, 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.
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.