Buying your dream house is not a decision taken lightly. Most people must spend hours researching, getting informed, and finding the best options. Even in this case, sometimes it is impossible to choose the best deal as many contracts may come with hidden fees and technical phrases that can hardly be understood by a non-professional.
With so many options and banks nowadays, most people decide to contact a mortgage broker. These services often come for free, and you can quickly get all the information you need, saving time and money. Some of them might even negotiate contract terms and get the lowest, unpublished rates that most individuals cannot access. The following sections discuss the five best mortgage brokers in Singapore and what they offer to clients.
2. MortgageWise
Since 2014, MortgageWise has served more than 2,800 clients. Its consultants guide customers through the numerous options available to access the lowest rates for commercial or residential properties both in Singapore and overseas.
Taking pride in its ability to provide independent advice, MortgageWise has a professional team and a broad network of partners, including law firms, senior bankers, and others. MortgageWise offers a thorough report that includes penalties, lock-in, subsidy, hidden terms, and many more when contacted.
HIGHLIGHTS:
- MortgageWise offers free services to all customers as the company gets paid by banks when loans are accepted.
- The company values privacy and safety, so all clients can directly submit their private information to the bank.
- MortgageWise is a legal representative of the most important lenders in Singapore, so its package offering is comprehensive.
- All services are accurate and include up-to-date rates, while customers benefit from up to 4-month reminders before their lock-in expires.
SERVICES:
- New home loans
- Refinancing loans
- Commercial or residential properties
- Overseas loans
4. Redbrick Mortgage Advisory
Redbrick Mortgage Advisory is an independent mortgage advisory firm with experienced, trustworthy consultants who provide advice and broker services. They work with the most reputable banks in Singapore that may offer favorable conditions for mortgage and refinancing.
It was founded in 2013 and has since helped finance over 30 billion SGD worth of mortgages for more than 40,000 properties. They have an extensive team of advisors who work closely with clients according to their needs, even those looking to buy property for investment and wealth creation.
HIGHLIGHTS:
- The company provides broker services for a wide range of property loans, including commercial/industrial property loans, home construction loans, bridging loans, and equity loans.
- The website features free calculators to help potential customers calculate eligibility, mortgage repayment, stamp duty, and return on investment.
- The consultants provide advice and broker services for property investments in Singapore, Malaysia, Australia, and the United Kingdom.
- Their banking partners comprise 16 banks and financial institutions, including HSBC, Standard Chartered, Bank of China, and CIMB Bank.
- They take data privacy and protection very seriously and have obtained Data Protection Trustmark (DPTM) certification.
SERVICES:
- First-time homebuyer loans
- Refinancing
- Property investment loans
- Overseas property mortgages
