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Access cash flow while continue staying in your home
IMPORTANT: Share with us your best contact details so our consultants can send you the lowest mortgage rates found.
A reverse mortgage is a type of loan for senior individuals who have fully paid off their homes to borrow money against the value of their homes.
It is ideal for individuals who wish to access cash - mainly for retirement expenses -, while continuing to live in their homes.
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 maximum loan amount is capped at the difference between the your current CPF Board Retirement Account (RA) balance and the prevailing Enhanced Retirement Sum (ERS).
For example:
If the ERS is S$279,000 and your RA balance is S$200,000, the maximum you can borrow is S$79,000.
Only private properties and Executive Condominiums (ECs) are eligible. For ECs, homeowners are eligible for a reverse mortgage loan once it has become fully privatised (after the 10-year mark).
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