• MortgageWise singapore

Same Rates, Better Deal

When you use a broker. Find out why?

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2019 Best Home Loans

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Why Work With Us?

Most Updated Rates

Not only are our rates most updated, we get special deviated rates from banks at times because of the volume of business we refer.

Comprehensive Comparison

We send you a comprehensive summary – what we call Rates Report, that breaks down for you for each package the subsidy, lock-in, penalty, min loan, hidden terms, etc.

Trusted Partner

Not all brokers tell you everything like direct-to-bank packages online. We do. Why? Because we value your trust.  That’s why most choose to work with us in the end.


“I was looking for a home loan to finance the purchase of my private property and came across MortgageWise. What attracted me was to go through MortgageWise to get my loan was the cheaper legal fees which was about 30% cheaper than others that I enquired about. Alvin was prompt in sending a detailed comparative overview of the home loan packages available from several banks. The process was seamless and everything went smoothly. I will consult them again when my next refinancing is due!”
Isaac WongParc Palais, Oct 2019
“For the 1st-time home buyer, I will concern more on the different interest loan packages offered by banks.  Fortunately, I searched online and found out the consultant services from MortgageWise.
I would like to compliment Pei Shan for her excellent service and advice. She can advise me on choosing the best loan package.  I am highly recommend it to my Friend too.  Thanks MortgageWise!”
Shyuan KokPark West, Oct 2019

“I contacted MortgageWise to casually get an assessment of the different bank loan rates as my current home loan period was outside lock in already and the current rates I was paying was quite high. Darren immediately responded to my query with good comparison of the different rates, lock in periods and terms and conditions. I had a special condition that I did not want lock in period as I am planning to sell my current property. As such he immediately recommended me of the right package which has no penalty clause for selling. I was very impressed with it. On top, the legal fees was subsidized for me totally and in the end what I am paying is just the valuation fees which also gets covered somewhat with the vouchers you get. The banker immediately contacted me and in less than a week I am able to get my loan approved and serve notice to my current bank. The process was super smooth.

In One Sentence, Highly recommended in every terms and I am going to use them always for my future needs.

Dr AnumitaHDB Queenstown, Oct 2019
lady with hooray posture celebrating getting best home loan rates

When you work with us in long run..

Save On Average $10,000!

Starting with a purchase, you save $700 when you apply for your loan through us with our special $1,800 purchase legal fee.  Each refinancing later, based on a typical loan of $750,000, the average savings of 0.20% (else you won’t need to switch banks) translates into $1,500 over 2-year period (typical lock-in ).


Together with our special rewards* (min loan >$500,000), an average tenure of 10 years would mean the typical homeowner stands to save on close to $10,000 with us!

Plus our service is absolutely free.


1. What do you earn if this service is free?

Yes, our service is free to you as banks pay us a distributor fee for referring clients to them. But your interest and package stays the same otherwise we will tell you, and which you can easily validate.

2. How can the rate be the same then?

Unknown to many, bankers earn commissions on top of basic pay. So the bank pays either way be it an internal commission or an external referral fee.  This is a distribution cost to the bank which does not affect your interest rate.

3. Why can’t I search online on my own?

Certainly you may. But why go it alone when you can outsource this task to a broker who helps sift through important details and provide you a concise proposal at no cost?  Best part is you get additional perks from the broker.

4. Will my information be safe with you?

If you like, you may submit documents directly to the bankers, and all information will be kept private and confidential.  We take data protection very seriously as it is a now a criminal offence in Singapore.

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Compare All Latest Rates 2019

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SIBOR Updates As At 07-Oct-2019
(Source: ABS Website)

  • 1-Month SIBOR
  • 1.87209
  • 3-Month SIBOR
  • 1.87550
  • 6-Month SIBOR
  • 1.93625

For refinancing home loans in Singapore, or purchase of completed property, homeowners would first need to choose between fixed rate home loan or variable rate home loan.  And for the former, the fixed rate is only fixed for the initial 1 to 3 years of the loan tenure, after which interest reverts back to a floating rate at usually at a higher spread.

Next, homeowners would also need to choose the type of mortgage peg and there are three broad categories in Singapore: SIBOR, FDR or traditional BOARD rate.  SIBOR or the Singapore Interbank Offer Rate, analogous to LIBOR, has been used commonly to price home loans in Singapore since 2007.  In 2014, lenders start to introduce FDR (fixed deposit rate) home loan mortgage pegs whereby the bank selects a pre-designated Singapore dollar fixed deposit tranche as the base rate to benchmark its home loans.  It goes by different names according to the banks eg. FHR, FDR, TDMR, etc.  We do extensive coverage of this FDR concepts in our blogs, something unique to the Singapore mortgage market.

Finally, besides interest rate, there are many other factors to consider when choosing a mortgage loan.  This can come in the form of lock-ins, flexibility to prepay in parts or in full, legal fee subsidy or cash rebate (for refinancing), free conversion, to interesting home loan features like interest offset, combo loan (combining fixed and floating rate home loan), etc.  Speak to a professional mortgage consultant in Singapore to understand the breadth of the market, dynamics involved, and to navigate the changing regulatory framework on TDSR (Total Debt Servicing Ratio) etc.

MortgageWise.sg has been legally contracted to represent all major mortgage lenders in Singapore and the packages we broker include (but not limited to) : DBS Home Loans, UOB Home Loans, OCBC Home Loans, HSBC Home Loans, Maybank Home Loans, Stanchart Home Loans, Citibank Home Loans, Bank of China (BOC) Home Loans, CIMB Home Loans, RHB Home Loans, State Bank Of India (SBI) Home Loans, Hong Leong Finance (HLF) Home Loans.