WHAT OUR CLIENTS SAY…
Frequently Asked Questions
The best home loan in Singapore is usually dependent on your loan amount and the amount of deposits or savings that you have with a specific bank. If you have most of your funds with a certain bank, the chances of getting the best home loan rate is very high. But do note that banks are competitive and are hungry for your business. Therefore, do check with a DollarBack Mortgage consultant on the best bank for your home loan.
The best time to refinance your home loan is after the teaser period of your existing home loan (usually 2 to 3 years from your first monthly instalment). Interest rates increase after the teaser period and do take note to start your refinancing process 3 months before your lock in period (if any) ends.
Usually within 2 to 3 working days. If a certain bank is facing a very high number of applications due to a very attractive refinance package, approval can take up to 5 working days.
The usual upfront fees are legal fees within the range of $1,800 to $2,300 depending on your loan amount and valuation fees which differ for different banks. You will be informed upfront of all legal and valuation fees together with cash rewards enjoyed by our mortgage consultants.
Cash rewards from DollarBack Mortgage will be made via a bank transfer within 1 month from signing of the home loan letter of offer from a bank. Any rewards from the bank in the form of cash or subsidies will be as per the terms and conditions in the letter of offer which will be informed to you by our mortgage consultants.