When you’re like most Singaporeans, you’ll likely say book it out, or sell to own money get. In reality, they are the most frequently know ways that so you’re able to monetise your house.
But not, there is certainly a third solution that’s open to owners of personal property which is to use it to possess a home security financing .
What is actually A property Security Loan?
Annoyingly, you will find several terms useful for this resource. You are able to hear they entitled a great 2nd mortgage’, reverse mortgage’, and you can cash-aside refinancing’.
Other popular terminology meaning nearly exactly the same thing is guarantee title loan’ and you can identity loan’.
Leave a Reply