Provides a significant amount of money at an attractive interest rate.
The equity in your home can amount to large sum of cash, providing an easy route to a significant amount of money.
Because you put up your home as collateral, you get to enjoy relatively low interest rates compared to credit cards and personal loans.
You will be allowed to stretch out your payments by replacing your existing mortgage with a brand-new loan.
An equity cash-out — also called cash-out refinancing or an equity term loan — lets you tap the value you have built up in a property without selling it. In practice, you replace your existing property loan with a larger one and receive the difference in cash. Because the borrowing is secured against the property, it comes at property-loan rates, which are typically far lower than personal or unsecured borrowing — making it one of the more cost-effective ways to access a large sum.
The amount depends on three things: your property's current market value, how much you still owe on it, and the loan-to-value limits set by the Monetary Authority of Singapore. The equity you can draw on is the gap between the property's value and your outstanding loan, subject to those regulatory caps — so it is a portion of your equity, not all of it. Eligibility also depends on the property type and how the original loan was serviced.
Because it provides a substantial amount at a relatively low rate, an equity cash-out is often used for purposes that justify long-term borrowing — funding a business, a significant renovation, education costs, or consolidating more expensive debt. The key is that the use should be productive or considered, rather than short-term or discretionary, because you are extending borrowing that is secured against your home.
This is not free money — it is additional debt against your property, and it typically resets or extends your repayment, which can raise both your monthly commitment and the total interest you pay over time. Valuation and legal fees apply. And because your home is the security, the decision deserves a clear-eyed look at whether the purpose warrants it. Weighed properly, it can be a sensible tool; entered casually, it is a real risk.
Fundwise helps you estimate what you could realistically cash out and compares refinancing offers across lenders, so you can judge whether it is the right move and, if so, do it on the best available terms. Let's look at the numbers together.
Guiding you at every step — and back again for your next financing need. It's an ongoing cycle, not a one-off transaction.
An equity cash-out, or cash-out refinancing, replaces your existing property loan with a larger one and gives you the difference in cash, letting you tap the equity built up in your property. It provides a large sum at property-loan rates, usable for various purposes. Fundwise is an advisory, not a lender.
It depends on your property's current value, your outstanding loan, and regulatory loan-to-value limits set by MAS. The available amount is the eligible portion of your equity; we help you estimate what is realistic and compare offers.
You are increasing the debt secured against your property and extending or resetting your repayment, so monthly commitments and total interest can rise. It suits clear, productive uses rather than discretionary spending, and we help you weigh it honestly.
Usually your property details and valuation, existing loan statements, and income and credit documents. Requirements vary by lender; we provide a single checklist.
No. Fundwise is an independent loan advisory and brokerage, not a bank or licensed financial institution, and does not provide loans itself. We connect you with the institutions that do.
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