Get Legal Fee Subsidy When You Refinance Your Loan
Request for Refinancing packages and analysis report
A detail report to compare your current loan with best refinancing packages. It will shows you how much interest you can save over the next 3 years.
Around 1 week
Refinancing Loan Offer Contract
Mortgage team work tirelessly to prepare LO for your refinancing.
1 week from Submission of contract
Law firm starts conveyacing process
Law firm will serve notice to your existing bank to inform them your refinancing intention. Your existing bank will send your law firm a preliminary redemption statement, stating the preliminary calculation of the sum payable by you on the date of completion.
1 month from submission of contract
Appointment with lawyer
You make an appointment with your lawyers to sign the required documents. This includes the mortgage document.
After selecting suitable package,
It's time to fill up application form.
- Identification documents
- Loan and liability supporting documents
- Income supporting documents
- Documents to proof of HDB ownership
- Documents to proof of property ownership/ occupation
At your convenience
Signing of Refinancing Contract
2 weeks from Submission of contract
Valuator proceed with formal valuation of property
After 3 months of notice
Upon completion, your new bank will send you a notice on when your new monthly instalments will commence. You can then logon to your CPF account to set the amount to be used from your CPF to make payments.