We work with over 16 banks in Singapore, including:
As we have close working relationships with all major banks in Singapore and have a network of over 50 mortgage bankers, we are constantly updated with special refinance packages. Our mortgage consultants strategise to get you the best refinance package with your desired bank.
Refinancing your private home loan means having to serve a notice period of usually 3 months with your existing bank before your loan is brought over to a new bank. Reduce your interest costs during this period with our cash rewards offered in addition to the rewards provided by the bank you refinancing over to.
Be informed global and local interest rate movements, and get advice on mortgage interest rate types (fixed or floating) with lowest risk in the long term. Our consultants analyse macro-economic factors and international interest rate trends to provide a logical and rational conclusion to recommend the best refinance package for you.
Refinance promotions for private home loans are frequently launched due to private properties having larger loan amounts and thus more net interest profits for banks in Singapore. But knowing when these promotions are launched and how low of an interest rate is offered is difficult as banks do not advertise such promotions widely. Also, preferential refinance packages have a lending limit and are therefore only offered for a limited time.
Our mortgage consultants help you take advantage of these promotions when they are launched so as to secure the lowest refinancing package for your housing loan.
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Consumers are inundated with ads, so it’s vital that your ad catches the eye and immediately grabs interest. You could do this with a headline or slogan.
Consumers are inundated with ads, so it’s vital that your ad catches the eye and immediately grabs interest. You could do this with a headline or slogan.
Consumers are inundated with ads, so it’s vital that your ad catches the eye and immediately grabs interest. You could do this with a headline or slogan.
The best home loan in Singapore is usually dependent on your loan amount and the amount of deposits or savings that you have with a specific bank. If you have most of your funds with a certain bank, the chances of getting the best home loan rate is very high. But do note that banks are competitive and are hungry for your business. Therefore, do check with a DollarBack Mortgage consultant on the best bank for your home loan.
The best time to refinance your home loan is after the teaser period of your existing home loan (usually 2 to 3 years from your first monthly instalment). Interest rates increase after the teaser period and do take note to start your refinancing process 3 months before your lock in period (if any) ends.
Usually within 2 to 3 working days. If a certain bank is facing a very high number of applications due to a very attractive refinance package, approval can take up to 5 working days.
The usual upfront fees are legal fees within the range of $1,800 to $2,300 depending on your loan amount and valuation fees which differ for different banks. You will be informed upfront of all legal and valuation fees together with cash rewards enjoyed by our mortgage consultants.
Cash rewards from DollarBack Mortgage will be made via a bank transfer within 1 month from signing of the home loan letter of offer from a bank. Any rewards from the bank in the form of cash or subsidies will be as per the terms and conditions in the letter of offer which will be informed to you by our mortgage consultants.
