Is it your first time to buy a residential property in Singapore, and you have no idea how to get a home loan? Maybe a mortgage broker from Dollar Back Mortgage can help you out. With Dollar Back Mortgage, you can get the best housing loans in Singapore.
Dollar Back Mortgage is composed of ex-home loan specialists and mortgage bankers which can help families obtain a private home loan in Singapore which best suits their current financial status and budget. They have acquired a partnership with the 16 largest banks in Singapore which allows them to have access with around 145 home loan packages monthly. With a large pool of bank affiliations, Dollar Back Mortgage would be able to provide families the best housing loans in Singapore. Here are some of the services that they can provide to families wanting to purchase a residential property in Singapore:
Property Valuation
The mistake of most families is to purchase a residential property right away without checking its real value. The tendency is that they will have to pay higher interest rates when they get a home loan. This usually happens whenever there is a huge difference between the property purchase price and valuation.
Good thing, there is a way to get lower interest rates and get the best value in purchasing a residential property. Each bank has a different valuation firm; thus, it is possible that they will be providing different valuations for a specific property. What families can do is that they can visit different banks and check which valuation amount is almost the same as the purchase price of the residential property that they are planning to buy.
Another option that they can do is to gather online data from property portals and from the Urban Development Authority. These online data provide the transaction histories of the surrounding properties of a specific residential property which can tell its ballpark estimate.
However, since both methods is a time-consuming and expensive process, it is best to hire a mortgage broker in Singapore. At Dollar Back Mortgage, their mortgage brokers can contact different banks and coordinate with them about the available housing loans that they are offering. There is a high chance for them to find the best-accepted valuation for the residential property that a family is planning to purchase.
Refinancing
Dollar Back Mortgage can also help families refinance their home loans. Refinancing has a lot of advantages. If ever your family is currently having multiple existing loans, they can consolidate all their existing loans (including their home loan) into one. There is a high chance that they can extend or stretch their loan period for a long time. In this way, they don’t have to pay high interest amounts monthly anymore. It would be easier for them to pay in small amounts until they have finished the home loan contract. Plus, a loan can be set into a fixed rate so that it would be easier to budget their savings and earnings every month.
So, do you want to get that dream house without paying large interest rates monthly? Work with Dollar Back Mortgage now!
