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Refinancing

It's really Easy.. here's how...

Taking Equity Out From Your Home
Your home is one of the biggest investments you've made; it's one of the main assets you own;

Enjoy the benefits
of this loan without having to sell your home by cashing out and taking an equity loan on your property.
Use the cash to finance home improvements, children's education, a car, a club membership... anything you wish !

Click to learn how easy it is !

Quick Links +

Refinancing Services
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Loan Calculator

1. Decide how much you can afford. +

You need to decide how much you can afford now and plan for future payments. When planning your budget, take income adjustments and interest rate movement into.

Our online tools can assist you in planning your budget.

2. Choose the right home loan for you. +

Banks now offer many varieties of home loans, including term loan, overdraft and interest offset options. Orange Perspective Consulting will assist you in choosing one that has features that suit your financial situation, income pattern, saving habits and goals. We have listed a list of features available that you should consider when choosing your home loan.

3. Completion of Mortgage Application. +

Ensure that you have a formal offer letter from the bank in writing and check that you can fulfill the conditions of the offer, if any. Do not take verbal approvals as a guarantee of a loan offer. It is part of our service to assist you in your application and advise you on the option best for your needs..

4. Arrange for redemption of mortgage from
your existing bank (if different). +

If you are taking an equity loan from a bank different from the one currently holding your mortgage, inform them of your intention to redeem your housing loan. Note that your bank will have a notification period which you must adhere to.

5. Property Valuation. +

The bank will commission a valuation of your apartment to determine the Current Market Value of your flat. This will form the basis of the equity that you can take out from your property.

6. Legalities. +

Note that CPF cannot be used for repayment of equity loans. You may use it to pay your stamp and legal fees.
When notice to your existing bank has been served, your mortgage will be transferred, and the cash from the equity loan credited to your account.

7. HDB +

Please note that the Housing and Development Act does not allow HDB flat owner to take equity out from their HDB flats.