Refinancing allows homeowners to switch their existing home loan to a new mortgage package with more competitive interest rates or improved loan terms. By reviewing your mortgage periodically, you may reduce your overall interest cost and keep your financing aligned with current market conditions.
At Ares Capital, we compare refinancing packages across multiple banks and guide you through the entire process, helping you transition smoothly while avoiding unnecessary penalties or complications.
We review mortgage packages across multiple banks and shortlist options with competitive interest rates, suitable lock-in periods, and available legal subsidies.
Once a suitable package is selected, we coordinate with the new bank and legal firm to complete the refinancing process smoothly before your existing loan terms expire.
Refinancing decisions should be based on more than just the lowest interest rate. Different banks offer varying loan structures, lock-in conditions, and refinancing incentives. Ares Capital helps you evaluate these factors clearly before making a decision.
Understanding the conditions of your existing loan is important before refinancing.
Most mortgages come with a lock-in period of 2 to 3 years. Refinancing during this period may result in penalties, typically around 1.5% of the outstanding loan amount.
Refinancing involves legal documentation handled by a conveyancing lawyer. Many banks provide legal subsidies to offset these costs when you switch your loan to them.
Banks may require a fresh property valuation before approving the refinancing application to determine the updated loan-to-value ratio.
Switching to a more competitive package may help reduce your long-term interest payments, particularly when market rates change.
If your current loan no longer meets your needs, Ares Capital can help you refinance with clarity and confidence. Contact us through our online form, by phone, or visit our office at 140 Paya Lebar Road #09-13 AZ @ Paya Lebar Singapore 409015. We are open Monday to Friday, 9 am to 5 pm.
Let us help you reduce your costs, simplify your repayments, and take control of your loan.
Established in 2019, Ares Capital is a strategic boutique advisory firm specialising in mortgage and SME financing in Singapore. Backed by experienced former bankers and an extensive lender network, we provide structured approvals, competitive rates, and trusted long-term financial guidance.
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