HOME EQUITY LOAN
|Cashout or Equity Loan
You've heard of the term and are wondering what it is?
Cashout or otherwise known as Home Equity Loan is
simple. If the value of your property has gone up, you might
be able to extract the additional value as a form of cash!
Getting cash out of your property with a Home Equity Loan is
a great way to get much needed capital for your business or your investments. There is no cheaper way to get cash
than Home Equity Loans.
|With the help of our knowledgeable Mortgage Specialists, you can be confident that you'll be getting the highest cashout amount at the lowest interest rates. Call us today to find out more!
How does Cashout refinancing works?
Assuming you purchase a property in 2006 at $1,000,000 and it is worth $2,000,000 now. With a cashout, you can borrow up to 80% of your property's current market value, minus any remaining loan amount or CPF used. The best things about cashout is that it uses current housing interest rate up to a loan tenor of 35 years.
Unfortunately, HDB cannot do cashout. Mortgage Direct specialize in getting you the best rate while finding you the best valuation in order for you to maximize the cashout!