As featured on:
As featured on:
For private condo/apartment, landed, executive condo (after 5 years MOP) & commercial/industrial property owners only
A home equity loan uses your property as a collateral for a lump sum cash loan - without having to sell your home.
Interest rates are pegged to mortgage rates, making it a useful tool if you are seeking to take out a substantial bank loan at lower interest rates.
Income and credit scores do not matter. As long as you have assets like a property, we can help you leverage them to secure a loan.
Carie has been a great help in smoothening my search for a the right mortgage package. Met with an unexpected and exceptional circumstance in which getting the right bank and mortgage package was not as easy as it should be but Carie was prompt and helped greatly in curating the required data reaching out to the right bankers.
It has been such a pleasure speaking with her throughout and she always followed up to ensure that I got the replies promptly to meet my tight timeline. 10/10 highly recommended!
"I came across Mortgage Master via Google search. Dropped an enquiry online and to my surprise, I received a call from their mortgage specialist within minutes.
Chester Low is one of the best RMs I have ever dealt with. He is extremely knowledgeable, very detailed and patient. I felt very comfortable engaging with Chester even during my first consultation. Chester offered a couple of packages that were tailored to my needs and existing loan situation.
I had several questions and he took the time to clarify every single one of my queries. Chester’s prompt and keen follow up between myself, the bank and the legal firm is also unparalleled.
I could not recommend another better mortgage specialist than Chester. Do look for Chester if you are looking at financing or refinancing your home loan. Highly recommended!"
"I was assisted by Mr Adam Lai and had benefitted greatly from his advices.
He was knowledgeable, patient and does a comprehensive comparison of all the available mortgage packages out that that fits my requirements, allowing me to make an informed decision on what loan package to take up.
My sincerest appreciation to Adam for his great help!"
As interest rates are constantly being revised by banks, we at Mortgage Master will compare rates from major banks to find you the absolute lowest rate possible.
The following formula determines the maximum amount you can borrow:
[Your property’s market value] - [Outstanding loan amount] - [CPF funds used in financing mortgage].
For example, if you have a condominium valued at $2M with an outstanding loan amount of $400,000 and have used $600,000 of your CPF funds to finance your mortgage, the maximum home equity loan you’ll be eligible for is as follows:
(75% of $2,000,000) - ($400,000 in outstanding loans) - ($600,000 of CPF funds) = $500,000.
Only private properties and Executive Condominiums (ECs) are eligible. For ECs, homeowners are eligible for a home equity loan only after the 5-year Minimum Occupation Period (MOP).
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