Before you get the option-to-purchase to your dream house, why not first get an IPA (some call it AIP or approval-in-principle) from our specialist team of senior bankers here who specialises in all kinds of mortgages from private residential, commercial to overseas properties (UK and Australia).
Real estate investment is a big decision. You won’t want to leave it to “chance” and be assigned a new banker when you call the bank’s hotline or walk into a branch. In fact, you’ll want to work with the most experienced professionals in the entire process: from bankers, law firms, to even financial advisors at the end who could point you to the best mortgage insurance plan now that you just added new liability.
Tap the network we built since 2014, that has consistently delivered that delightful experience for many happy clients over the years. See our testimonials.
What you need to know
Interest Rate Cycle
More than anything else, you need to know where are we in the entire interest rate cycle. That’s the basis of all our recommendations be it fixed or floating.
Few bankers or even mortgage brokers walk you through this but that makes all the difference. And that’s also how we get almost 90% of our advisory spot-on, helping clients like you save $$ more than any vouchers or cash back.
If you believe in 10,000 hours to get to excellence, then you will want to work with the expert in each field, be it for property search or mortgage search. As we live and breathe mortgages (full-time), we are constantly in touch with the best weekly rates, sometimes deviated rates.
We are also able to analyse and recommend the right loan to you, rather than just getting bankers from different banks to call and peddle their packages as the best to you.
Yes. We do work with our law firm partners from time to time to bring you slightly lower costs for purchase legal fees. Check with our consultants for details.
In addition, if you factor in the $150 FairPrice gift card we give out as reward, which is as good as cash, it helps bring down your effective legal fee to one of the lowest in the market – $2,250 (all-in).
($150 gift card is for residential property loans above S$500,000, $2,250 effective legal fee is for a standard condo purchase (exclude landed) up to S$3m and min S$500k loan only, exclude but not limited to: early completion less than 8 wks, bridging loan, mortgagee sale, drafting clauses eg. tenancy terms, courier charges for overseas clients, etc)
For completed or resale properties, the most common “mistake” made, especially in the last 10 years, is to over-commit on long fixed rate term of usually 3-5 years. Just ask anyone who has signed on 5-year fixed rate package if they have overpaid at the end of the lock-in period.
For new launches or projects under construction, many are still unaware that cancellation fee (usually between 0.75-1.50%) acts like a pseudo lock-in penalty as it adds an extra cost when one sells a property at T.O.P.
That’s the whole crux!. We need to make sure we give you the right advice. Otherwise this question is flipped over – you will not want to work with us again.
This is perhaps the biggest difference when it comes to working with bankers direct or a mortgage broker. Not only do we call you early every time your lock-in expires every 2-3 years in Singapore, we make sure we give you the best advice – and that includes asking you to reprice with your bank. And by the way that means no business for us. Try us to find out.
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