4 Documents To Refinance Your Home Loan: Checklist

PropertyGuru Editorial Team
Whether you’re just starting to think about refinancing or you’ve already shortlisted your top home loan packages, you’ll need 4 key documents to begin the process. Being prepared and having the right paperwork can make all the difference in securing a better rate to save more money in the long-run. Keep reading to find out the documents you’ll need to refinance your mortgage.

Documents to refinance your home loan

Refinancing Documents To Refinance Your Home Loan
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Interest rates are set to rise in 2022, so act now! Refinance your home loan to secure record low mortgage rates while you still can.
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1. Refinancing your HDB flat

To refinance your HDB flat, you will need information about the flat as well as your current financial situation. The flat information includes details of when you purchased your HDB, the purchase price and your flat’s occupiers. The financial information contains information about your account balance on your mortgage loan, whether that’s from HDB or from another financial institution.

To access this information:

  • Login to MyHDBPage via SingPass
  • Select ‘My Flat’ on the menu
  • Choose ‘Purchased Flat’
  • Click ‘Financial Info’ and ‘Flat Details’ to download a copy
MyHDBPage’s Purchase Flat Segment To Download ‘Flat Details’ And ‘Financial Info’

2. IRAS My Property Tax Page

When you refinance your home loan, the financial institution will want to know whether the property is owner occupied for the purpose of TDSR exemption. If the property is occupied by the owner, TDSR requirements become less stringent. That’s why you need to download the information from your IRAS MyTax portal as one of the documents for submission to the financial institution.

To download the My Property Tax Page:

  • Login into the IRAS MyTax portal
  • Select the ‘Property’ tab
  • Click ‘View Property Portfolio’
  • View and download the details of your property portfolio
IRAS MyTax Portal To Download Your ‘Property Portfolio’

3. Latest IRAS Notice Of Assessment

In order to extend a home loan to you, the financial institution needs to know whether you have the financial capability of repaying the loan. The financial institution uses your income as a gauge of your financial capability of repayment. This is why you also need to submit your latest IRAS notice of assessment when you are applying to refinance. The Notice of Assessment contains your annual income for the latest financial year and how much tax you were subjected to.

To download your Notice of Assessment from IRAS:

  • Login into the IRAS MyTax portal
  • Select ‘Notice’ tab and then ‘Individual’
  • Download the latest ‘Notice of Assessment’
IRAS MyTax Portal To Download Your Latest ‘Notice Of Assessment’

4. 12 months of CPF contribution

Apart from your IRAS Notice of Assessment, you will also need to provide 12 months of CPF contribution statements.

To download 12 months of CPF contribution statements:

  • Login to your CPF account via SingPass
  • Under ‘Section B’, select ‘Contribution History’
  • Choose 12 months as period of contribution
  • View and download the statements of CPF contribution
12 Months CPF Contribution History Statement

Need help refinancing your home loan?

Our Home Finance Advisor can help you:
  • Save time – Discover the latest property market trends and insights
  • Save money – Access personalised home refinance advice based on your goals
  • Make smarter property decisions – Explore and compare bank packages
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Disclaimer: The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. PropertyGuru recommends that you seek professional financial advice before acting on any information in this article.