Why you should consider a Singapore Mortgage Broker for your refinancing

Why you should consider a Singapore Mortgage Broker for your refinancing

Why you should consider a Singapore Mortgage Broker for your refinancing – Are you planning on buying a new home in Singapore or you have already bought one a few years back and your mortgage loan is currently out of lock in? The good thing about this is the fact that every 2 to 3 years you can do a refinancing on your home mortgage loan. If you do not do that there are some downsidse.

Mortgage loans around the world and in Singapore usually have a promotional rate that is lower within the lock-in period of usually 2 to 3 years. And within this 2 to 3 years, the rates can be close to a 1% lower than the actual rate that kicks in after 3 years. So you might end up spending a few hundred to even thousand dollars more a month and this will end up to quite a bit of money when you calculate the amount that you pay over the lifetime of owning and paying off this said property.

Every two or three years, property owners will try to refinancing their home loans and this is where a good Singapore Mortgage Broker comes in and assist you with your property.

The main reason on “Why you should consider a Singapore Mortgage Broker for your refinancing” is the following.

Firstly, you do not need to spend all the time googling and calling all the banks to find out what are the best rates that are out there. There are so many banks offering so many different package, why not just go to someone that gets the update from all the banks and banker straight because they are partners and aggregators in this.

Secondly, you might not get the best rates. If the bank knows you only deal with them or only go to them. Why will they want to give you the best deal? In this case, you should consider a Mortgage Broker that will have your benefits in their mind because they want you to be happy and satisfied with helping with getting the lowest rates and those that are beneficial to the customer so that they are able to get more referrals from you in the future.

Lastly, the services of Mortgage Brokers are free. The fact is the banks will pay them a introduction fee that will cover for their hard work. So when you are working with a broker, you do not need to worry about paying. There is no difference in terms of cost in working with them and working with the banks or financial institutions directly.


Avant Mortgage is a partner of KP Payroll and we recommend their mortgage refinancing services Singapore.

Why you should consider a Singapore Mortgage Broker for your refinancing

Written by kppayroll

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