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Hi, appreciate your sharing. It depends on your plan and what your next preferable purchase. For faster reply kindly call 9696 4398  , I look forward to assist you the soonest. Stewart Lim - PropNex Read More

Hi Kelvin, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Cashing out can means to sell the current property in exchange for the profit, or taking up home equity loan to take out the cash while putting the property up as a collateral, making use of the cash for other purposes other than buying a property.

Refinancing simply means to sign a new home loan package with another bank, locking in the existing low interest rates for the next 2 to 3 years. It does not alter your existing financial status much except for lower monthly instalments expected due to the reduced interest rates.

Have you done an analysis on your existing property to find out which stage of the investment cycle you are in before deciding on the options?

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Geryl Lim
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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Landed Dynamic Alliance
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Good evening Kelvin,

Refinance means replace your existing loan package with another bank with better and attractive package which means you still have the property but lower monthly mortgage.

Equity loan could also termed as term loan or gearing. Some might use cash out for it as well cause you will get cash out by pledging your property with bank.

cash out might always mean selling off your property to get cash proceeds.

Hope my explanations aid in clearing up your enquiry.

Care to share more about your intention so I will be in a better position to advise you further?

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Propnex Realty Pte Ltd

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Hi
Cash out means selling your property for cash proceeds, refinance means changing your current loan package to a different one to enjoy lower interest rates while home equity loan mean using your house as a collateral to get a loan from the bank. Do contact me at 93375051  for a free and non obligatory discussion on your plans to enable you to maximise on your property investments.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi Kelvin,

For cash out, do you mean by selling your current property? Refinancing will enable you to reduce your mortgage payment and save quite a bit of interests payment in the long run but you will not be able to unlock any funds from your property.

For equity loan, if your property is a private property, you will be able to unlock some free funds if your outstanding loan is low. Another way to unlock funds is to decouple your current property. Please feel free to contact me so that I can understand your situation better and propose feasible solutions for you.

Regards,
Nick Tan
(M) +65 9644 4854 
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi Kelvin,

By cash out, are you referring to selling your property? If so, this will help you to unlock funds from the current property and reduce the ABSD applicable when you purchase the next property.

For refinancing, it helps to lower your mortgage repayments which will help with the cash flow to finance the next property mortgage. With equity loan, if your property valuation has appreciated quite a bit from the time your bought it, you will be able to unlock substantial funds for the downpayment of the next property. However for these two method, as the property ownership still belongs to you and home loan is still outstanding, the ABSD is still applicable and your subsequent next loan is lower LTV.

For the best approach to structure your investment portfolio, happy to share more of my professional inputs. 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 Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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(Client's Testimonials)

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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you. Read More

Hi Kelvin, do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi Kelvin,

Cash Out simply means to sell off the property.

Refinance is to change your existing mortgage loan to another bank, usually offering lower interest rates as compared to your existing loan.

Home equity term loan is to draw down Cash from your existing property, thereby taking a bigger loan. This is not eligible for HDB flats, and can only be done if you own a private property.

If you're looking to purchase another property, refinancing doesn't really allow you extra funds, while equity term loan may not be suitable for you, as it will also eat into your TDSR, which will cap your loan limits for your next purchase.

You could consider either to Cash out, or to "decouple" your current property. Either of these methods will not only allow you up to the max 75% loan for your next property, it will also save you substantial savings in terms of ABSD.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Greetings from Ohmyhome!.

We are able to assist you on this matter.

For more information, kindly contact us at 68869009  or WhatsApp us at 97551009  .

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd Read More