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For eligible homeowners living in private residential or privatized EC, and businessowners who own commercial/industrial properties only
Access up to 85%* loan-to-value (LTV) of your property's value with home equity loans
IMPORTANT: Share with us your best contact details so our consultants can provide you with the best solutions
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 generally lower than unsecured loans as the loan is secured against your property.
Home equity loans are commonly explored for purposes such as:
Home equity loans are secured against your property. Interest rates vary by lender, loan amount, tenure, and market conditions & monthly repayments and total interest payable depend on the loan structure.
Early repayment fees or lock-in periods may apply & failure to repay may result in enforcement action on the property.
Mortgage Master is a Singapore-based mortgage brokerage that assists homeowners in comparing and applying for home equity loan options offered by participating financial institutions. Mortgage Master is not a bank and does not directly provide loans.
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, Executive Condominiums (ECs), and Commercial/Industrial properties are eligible. For ECs, homeowners are eligible for a home equity loan only after the 10-year Minimum Occupation Period (MOP).
1. Eligible Properties for home equity loans: Private Residential, Commercial, and Privatized ECs (10-year+). Not applicable to HDB properties.
2. Understanding Costs Clearly
Different lenders structure interest differently. Some facilities deduct interest upfront or use complex compounding methods.
We prioritise lenders who provide straightforward monthly interest servicing, so repayment obligations are clear from the start.
Typical indicative ranges for first-charge, property-secured facilities may fall around ~6.5% – 7.25% p.a., subject to property type, borrower profile, and prevailing market conditions.
3. This website is for general information only and does not constitute financial advice. Prospective borrowers should consider their financial situation and consult appropriate professionals before committing to any loan.
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