Find Singapore home equity loans at friendly interest rates.
A loan taken against your house is called a home equity loan, such as a loan taken against a property that has been fully paid for. You have a previous mortgage, you made payments, and you build equity, especially if you paid your equity loan mortgage faster. If you paid your mortgage faster by increasing the amount you paid every due date, you retired your mortgage in a few years ahead of schedule and you build a large equity.
A home equity loan allows the borrower to apply for a term loan at low interest rates, rates that are lower than car loan rates, personal loan rates, or business loan rates. Here, the home is the collateral, and because a home equity loan is a secured debt, it has a more attractive interest rate than unsecured loans.
How much can you borrow?
If you are looking to invest or need some extra cash, you can use home equity loan for these purposes, and much more. The amount of loan will depend on the value of the property and the borrower’s personal income. Many people take up home equity loans for investment purposes, thus allowing them to take advantage of the low interest rates of home equity loans.
There is a better chance of getting big money from your home if it has appreciated significantly in value. In addition, the home equity home interest rates are very low, making this loan type very advantageous. It is just surprising that only a few people know about this as well as the many advantages of home equity loans.
What can One Suite Advisory do for you?
One Suite Advisory is here to help if you want to understand more about home equity loans, and we have dedicated mortgage specialists who are willing to answer your queries. They will inform you of your eligibility to apply for home equity loan or any other type of loan. What is important is that you don’t have to go to any bank to apply. We will match you with lenders to make sure that you get the best deals when it comes to loans.
Contact us to know more about home equity loans
Not a lot of people are familiar of how home equity loans can be useful to them. We’re sure you have your own set of questions, and we are more than happy to acquaint you as to how home equity loans can be of help to you. Contact our advisers today and start comparing equity loan packages available for you in the market in Singapore.