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Terms And Conditions (Refinancing Valuation Fee Offset)
- This valuation fee offset is not in cash, but in the form of a stored value gift card which is determined and may be changed by MortgageWise from time to time.
- This valuation fee offset is only for refinancing of residential property in Singapore only and subject to a minimum loan of $500,000.
- This gift card will only be delivered upon we getting payment of the referral fee from the bank which usually takes one to three months depending on the lender.
- Our partner law firm will accord a special rate of $1,800 all-in legal fee for refinancing but it must be a STANDARD residential property refinancing transaction up to a loan of $3m, be it private condominium or HDB. It does not include non-standard items like but not limited to applying for use of CPF for the first time, courier charges for clients based outside Singapore, de-coupling of property involving refinancing, etc. Certain banks may also be excluded from time to time.
- Client would need to take his or her home loan with MortgageWise being indicated as the referral party and appoint the partner law firm recommended by MortgageWise to act in the refinance. The bank must also be paying a distributor (or referral) fee in full to MortgageWise for the package that the client has chosen.
- The terms, mechanics, and administration of this refinancing privilege will be solely determined by MortgageWise and its partners who reserve their rights to decide in any dispute whatsoever.