Your Trusted Home Loan Advisory Company in Singapore
Get expert guidance every step of the way to secure your dream home with ease.
Apply for Financing Today!Owning a home is a life achievement most people strive to experience! However, the bigger the milestone, the larger the financial commitment. That’s why choosing the most suitable home loan is crucial, as the right structure can help save money and manage repayments with ease.
Want to protect your long-term financial health with the best deals? heyphillip is at your service! As a trusted home loan advisory company in Singapore, we’ll break down how home loans work and why consider us for your home financing journey.
Home Financing: What You Should Know
Home financing is typically obtained from a bank or financial institution to purchase a residential property and is paid in monthly instalments. The instalment you pay usually covers both the principal amount borrowed and the interest charged.
How it Works:
The lender provides you with a lump sum to purchase your property.
You repay this sum plus interest over an agreed loan tenure such as 10-15 years.
The property serves as collateral until the loan is fully repaid.
There are two ways to finance your home, directly from your bank of choice or through a mortgage broker. Mortgage brokers, like heyphillip, will work with multiple financial institutions to provide a wider and personalised range of packages for you to choose from.
Tips from Our Experts on Getting the Best Home Loan
Improve Your Credit Score Before Applying:
Borrowers with good credit histories can get their loans approved easier and possibly higher loan quantum as lenders are more confident they will pay back the loan hassle-free. Pro tip—pay your bills on time, reduce outstanding debts, and avoid taking on unnecessary new credit before applying
Understand Total Debt Servicing Ratio (TDSR) & Mortgage Servicing Ratio (MSR):
Borrowers with good credit histories can get their loans approved easier and possibly higher loan quantum as lenders are more confident they will pay back the loan hassle-free. Pro tip—pay your bills on time, reduce outstanding debts, and avoid taking on unnecessary new credit before applying
This limits the portion of your gross monthly income that goes toward repaying your debts to 55%. It needs to be calculated to see how much you can borrow to finance your house.
This is mainly applicable for HDB and executive condominium financing and confines your housing loan repayments to 30% of your income.
Compare Beyond Interest Rates:
While low rates are attractive, also look at lock-in periods, early repayment penalties, and flexibility for refinancing.
Understand Refinancing and the Right Timings for It:
Interest rates and your financial situation change over time. Refinancing your loan after your lock-in period can lead to significant savings.
Why Select heyphillip as Your Go-To Home Loan Advisory Company?
heyphillip specialises in connecting potential homeowners with the best home loan packages in the Singapore market. With a strong network of partner banks and lenders, we ensure you have access to exclusive rates and transparent terms. We also offer personalised support to help select the right loan package that suits your needs and will handle all the paper work from application to approval.
Why trust us:
Partnerships with Major Banks & Financial Institutions.
Transparent Rates & Terms.
Fast Approval Process.
Home Financing Solutions We Offer
We provide a range of home loans comparisons to cater to different property goals and financial needs of homeowners and property investors in Singapore:
New Property Purchase Loans :
Financing options for HDB flats, condominiums, landed houses, commercial and industrial properties.
Refinancing Packages :
Reduce your interest rate or adjust your loan terms to suit your current financial goals.
Bridging Loans :
Short-term funding to help you transition smoothly between selling and buying properties.
Construction & Renovation Loans :
Flexible financing for building a new home or upgrading your existing property.
How Does Our Home Loan Financing Process Work?
Consultation
We start by understanding your financial profile and property goals.
Loan Comparison
We shortlist the most suitable offers from our network of lenders.
Application & Documentation
You submit the required forms, income proofs, and property documents.
Approval & Disbursement
Once approved, funds are released for your property purchase or refinanced to another bank.
Ongoing Support
We continue to advise you on repayments, refinancing options, and rate changes.
Home Loan Broker Company vs Direct Banking: Why Work with Us?
While a bank can only offer its own services, home loan advisory companies like us work with multiple lenders to offer you the best financing solutions at no cost. At heyphillip, we offer wider loan package options and access to exclusive deals so you can compare across banks and other financial institutions to find the best one that suits your lifestyle and needs.
That’s not all, we offer personalised advice and tailored solutions to meet your goals unlike banks that mostly offer one-size-fits-all deals. Ready to make your property dreams into a reality? Explore the best home loan packages with heyphillip today!