Asked by Mr. Jason lee
I have a paid up hdb. Is it possible to refinance the hdb again?
10525 views
4 Answers
Hi Jason,
Unfortunately no for HDB, you are not allowed to pledge as collateral to take up a loan and cash out. To unlock the equity the only way is to sell it off and restructure your portfolio.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)
--- HDB Flat Sellers Uncle "Seng" and Mdm. Png ---
Translation from Mandarin:
We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.
We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.
We also appreciate that he made the extra effort to accompany us down to the Banks and Town Council to help us with the outstanding paperwork procedures, and ensure the sale go through smoothly. Throughout the process, we always felt assured and happy, as Ivan was always professional, accessible and saw things through till conclusion. Ivan will remain as a family friend and we will be glad to invite him over for coffee when our BTO is ready.
--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---
Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.
In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.
He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services.
--- HDB Flat Buyers Mr. & Mrs. Lau ---
"As 1st-timer Buyers we had plenty of questions, and were uncertain on how best to proceed. A discussion with Ivan cleared our doubts and our plans could progress quickly. We are comfortable with his working style as he is not pushy, and tries to think from our point of view.
It took us about 8 months & at least 30 viewings to find something ideal, & Ivan was always happy to 'house-hunt' with us, always emphasizing "Don't worry, suit you then buy. Important is that you all buy happy & parents endorse the unit".
Eventually, we got our ideal unit, negotiated below valuation. The financial planning calculations were smooth, breakdown was detailed and schedule of payments illustrated clearly so we know what to expect at each phase.
Every phase of hdb process & timeline was explained in detail & hassle free. If you're looking for an agent who is professional & patient, can give Ivan a call. He values the long-term relationship and looks out for your interests. Thanks Ivan and see you at our housewarming!" Read More
Unfortunately no for HDB, you are not allowed to pledge as collateral to take up a loan and cash out. To unlock the equity the only way is to sell it off and restructure your portfolio.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)
--- HDB Flat Sellers Uncle "Seng" and Mdm. Png ---
Translation from Mandarin:
We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.
We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.
We also appreciate that he made the extra effort to accompany us down to the Banks and Town Council to help us with the outstanding paperwork procedures, and ensure the sale go through smoothly. Throughout the process, we always felt assured and happy, as Ivan was always professional, accessible and saw things through till conclusion. Ivan will remain as a family friend and we will be glad to invite him over for coffee when our BTO is ready.
--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---
Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.
In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.
He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services.
--- HDB Flat Buyers Mr. & Mrs. Lau ---
"As 1st-timer Buyers we had plenty of questions, and were uncertain on how best to proceed. A discussion with Ivan cleared our doubts and our plans could progress quickly. We are comfortable with his working style as he is not pushy, and tries to think from our point of view.
It took us about 8 months & at least 30 viewings to find something ideal, & Ivan was always happy to 'house-hunt' with us, always emphasizing "Don't worry, suit you then buy. Important is that you all buy happy & parents endorse the unit".
Eventually, we got our ideal unit, negotiated below valuation. The financial planning calculations were smooth, breakdown was detailed and schedule of payments illustrated clearly so we know what to expect at each phase.
Every phase of hdb process & timeline was explained in detail & hassle free. If you're looking for an agent who is professional & patient, can give Ivan a call. He values the long-term relationship and looks out for your interests. Thanks Ivan and see you at our housewarming!" Read More
Hi Jason,
Unfortunately you can't refinance your hdb unit even you have fully paid up, unlike private properties which you could do so.
May I know what is the reason for you to consider of refinancing? Would you considering selling off the HDB unit and restructure your finance?
Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.
Good day ahead!
Shawn Yim
CEA Reg. No: R049796J
Propnex Realty Pte Ltd
HP: 9695 4627
Email: sean_5832@yahoo.com Read More
Unfortunately you can't refinance your hdb unit even you have fully paid up, unlike private properties which you could do so.
May I know what is the reason for you to consider of refinancing? Would you considering selling off the HDB unit and restructure your finance?
Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.
Good day ahead!
Shawn Yim
CEA Reg. No: R049796J
Propnex Realty Pte Ltd
HP: 9695 4627
Email: sean_5832@yahoo.com Read More
Good day Mr Jason Lee
As per your question , Not possible to re-finance your hdb regardless fully paid .
The only way to raise cash through your hdb is to sell it .
However , it is highly not advisable due to :
Extremely Inconvenient to sell and borrow to buy back another hdb .
Getting back into housing loan debts ( although it is the lowest interest loan ) .
In short , not feasible to sell your hdb Unless you are paying heavy debts at a very high interest .
Kindly contact me for a no obligations chat for your property needs .
My charges are1% commission for exclusive selling rights to your hdb or 2% for open listing .
Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327 Read More
As per your question , Not possible to re-finance your hdb regardless fully paid .
The only way to raise cash through your hdb is to sell it .
However , it is highly not advisable due to :
Extremely Inconvenient to sell and borrow to buy back another hdb .
Getting back into housing loan debts ( although it is the lowest interest loan ) .
In short , not feasible to sell your hdb Unless you are paying heavy debts at a very high interest .
Kindly contact me for a no obligations chat for your property needs .
My charges are1% commission for exclusive selling rights to your hdb or 2% for open listing .
Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327 Read More
Dear Owner,
Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com
HDB cannot be used for refinance under HDB policy.
I am contactable at 92222389 or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare
Strictly by Appointment for New Launch Genuine Buyers Only - NewLaunchDeals.com
Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”
Our SG Realtor Services Youtube
Commercial - https://www.youtube.com/watch?v=brxduV0p85o
Residential - https://www.youtube.com/watch?v=eoMGp5nmSuI
Singapore Professional Networks “SGProfessional.com”- I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More
Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com
HDB cannot be used for refinance under HDB policy.
I am contactable at 92222389 or onassis@sgagent.com / sgrealtor.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare
Strictly by Appointment for New Launch Genuine Buyers Only - NewLaunchDeals.com
Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”
Our SG Realtor Services Youtube
Commercial - https://www.youtube.com/watch?v=brxduV0p85o
Residential - https://www.youtube.com/watch?v=eoMGp5nmSuI
Singapore Professional Networks “SGProfessional.com”- I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More