REFINANCE
|
SIBOR |
1.05% |
|---|---|
|
FIXED RATE |
1.25% |
|
FD-LINKED |
1.40% |
|
BOARD RATE |
1.25% |
|
SORA |
1.29% |
REFINANCE
|
SIBOR |
1.05% |
|---|---|
|
FIXED RATE |
1.25% |
|
FD-LINKED |
1.40% |
|
BOARD RATE |
1.25% |
|
SORA |
1.29% |
Updated at:22/04/2025
Owning a private property offers the additional benefit of a cash-out refinancing. Take out a loan from the bank without putting your home up for sale and use the money to generate additional wealth. Together, let us make the most of the value of your property.
Cash-out refinancing (also known as cash-out refi) allows you to use your private property as collateral to take out a loan from the bank. This allows you to secure return-on-capital gains without having to sell your house.
Singaporeans who opt for cash-out refi do it for diverse reasons. They may use the money borrowed to generate wealth through investments, to start a business, to build their retirement nest eggs or to conquer any debt mountains.
For cash-out refinancing, whilst you can borrow up to 75% of the value of your property, you will have to deduct any outstanding loans on your property as well as the funds used from the CPF Account.
Here’s an example. If you have a condominium that is valued at $2 million, but you have an outstanding loan amount of $200,000 and had previously spent $650,000 of CPF monies to finance the condominium, you are eligible to take out a bank loan of
(0.75 x 2,000,000) – 200,000 – 650,000 = $650,000 (a substantial amount of money).
Cash-out refinancing is an attractive financial tool that has risks involved. Use it wisely to your benefit and unlock the full potential of your property. Reach out to our team of Mortgage Specialists to discuss your options.
Cash-out refinancing (also known as cash-out refi) allows you to use your private property as collateral to take out a loan from the bank. This allows you to secure return-on-capital gains without having to sell your house.
Singaporeans who opt for cash-out refi do it for diverse reasons. They may use the money borrowed to generate wealth through investments, to start a business, to build their retirement nest eggs or to conquer any debt mountains.
For cash-out refinancing, whilst you can borrow up to 75% of the value of your property, you will have to deduct any outstanding loans on your property as well as the funds used from the CPF Account.
Here’s an example. If you have a condominium that is valued at $2 million, but you have an outstanding loan amount of $200,000 and had previously spent $650,000 of CPF monies to finance the condominium, you are eligible to take out a bank loan of
(0.75 x 2,000,000) – 200,000 – 650,000 = $650,000 (a substantial amount of money).
Cash-out refinancing is an attractive financial tool that has risks involved. Use it wisely to your benefit and unlock the full potential of your property. Reach out to our team of Mortgage Specialists to discuss your options.
Cash-out refinancing (also known as cash-out refi) allows you to use your private property as collateral to take out a loan from the bank. This allows you to secure return-on-capital gains without having to sell your house.
Singaporeans who opt for cash-out refi do it for diverse reasons. They may use the money borrowed to generate wealth through investments, to start a business, to build their retirement nest eggs or to conquer any debt mountains.
For cash-out refinancing, whilst you can borrow up to 75% of the value of your property, you will have to deduct any outstanding loans on your property as well as the funds used from the CPF Account.
Here’s an example. If you have a condominium that is valued at $2 million, but you have an outstanding loan amount of $200,000 and had previously spent $650,000 of CPF monies to finance the condominium, you are eligible to take out a bank loan of
(0.75 x 2,000,000) – 200,000 – 650,000 = $650,000 (a substantial amount of money).
Cash-out refinancing is an attractive financial tool that has risks involved. Use it wisely to your benefit and unlock the full potential of your property. Reach out to our team of Mortgage Specialists to discuss your options.
A Mortgage Broker is a financial expert who is proficient at handling the home loan process. Armed with vast financial knowledge, a Mortgage Broker is well-positioned to serve you in maximising your financial goals. A Mortgage Broker can:
A Mortgage Broker is a financial expert who is proficient at handling the home loan process. Armed with vast financial knowledge, a Mortgage Broker is well-positioned to serve you in maximising your financial goals. A Mortgage Broker can:
To maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons.
To maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons.
To maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons.
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FIXED RATE |
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FD-LINKED |
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BOARD RATE |
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SORA |
Updated at: 22/04/2025
