With access to the home loan rates of just about any and every bank offering it in Singapore, you can be sure that it’s us mortgage brokers who know which home loan provides the best bang for your buck. 

We make it a personal mission to make sure you’re getting only the best deals. The reason for this is that a mortgage broker might rely solely on the income made from mortgage advice and commissions, while a bank may earn from a variety of services. 

With fewer avenues to generate revenue, mortgage brokers rely on being trustworthy to form deeper relationships with customers. This is slightly different from what you may encounter as a bank, where your home loan case might be treated transactionally. 

Not to mention, many mortgage brokers know the home buying process thoroughly and share the same concerns that you do when you’re planning your finances.

You may also meet mortgage brokers who were previously working at banks, therefore possessing a heightened awareness of the process of acquiring the best bank loan and what a bank might look out for when deciding on rates for your property loan.

At this point, you might be thinking that mortgage brokers are a value-added service that makes the home buying process more expensive for you. However, you can take relief in knowing that consultations are free! 

And unlike the criteria that a bank might have to evaluate your home loan suitability, a mortgage broker will assess your financial profile with no biases. Based on your profile, the mortgage broker will then match you with the best bank that’s most suited for you. 

Mortgage brokers in Singapore can also get you cheaper home loan rates

As opposed to you, the buyer, mortgage brokers have more direct relationships with banks. Some of us, mortgage brokers, were even bankers previously. 

This means that we can help you obtain better home loan rates than what may be available to the public in banks’ home loan packages. You can surely expect that a bank will not track and compare home loan interest rates for you!

And to be completely transparent, banks sometimes offer lower home loan rates through mortgage brokers because of the business that mortgage brokers bring. In return, we mortgage brokers earn a commission, with the commission account varying. 

Mortgage brokers are also skilled at trendspotting and identifying when banks’ interest rates might reach their lowest and most attractive. 

Think of it this way. With over 200 property loan packages available in the market, only a handful usually offers the best, most competitive rates. 

But that’s also because banks are consistently taking turns to offer more attractive rates to regain market share. Working with a mortgage broker means you’ll never miss a promotion or a home loan package with the best interest rates.