SMP Overview
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About SMP
True to its vision, SMP sustains its competitive edge by offering complete, unbiased, and independent guidance to provide unparalleled service to our wide range of clients. We are committed to finding the right mortgage with the best interests, terms, and costs to meet the unique needs of each and every client. We understand that our solid reputation is achieved by keeping your best interests at heart.
What is a Mortgage Broker?
A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or companies that owns residential or commercial properties. They usually work with dozens of lenders, not as employees, but as freelance agents. As different banks and lenders have very different home loan acceptance criteria and coupled with increasingly unique profile and needs of different loan applicants, the idea of engaging a one-stop service provider like a mortgage broker becomes even more popular.
Difference between a Bank Housing Loan Specialist and a Mortgage Broker
Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more competitive, the role of the mortgage broker has become more popular. In addition, as different banks and lenders have very different loan acceptance criteria and coupled with increasingly unique profile and needs of different loan applicants, the idea of engaging a one-stop service provider like a mortgage broker becomes even more attractive.
SIBOR/SOR Historical Trend Table
Advantages of engaging a Mortgage Broker
- Home loan Specialist advise
- To assist you to arrive on the most appropriate decision for your home loan
- An experienced Singapore Mortgage Broker will be able to help you find the best mortgage solutions for the most difficult case
- Free consultation on your housing loan
- A one stop service of all the banks’ wide range of housing loan packages
- A good mortgage broker can also help you to monitor your home loan and the remind you to revisit your housing loan to determine if there are better housing loan options in the market from time to time
SMP Consulting Pte Ltd
Add: 501 Balestier Road, #02-03A Wai Wing Centre, Singapore 329844
Tel: 6100 9767
Fax: 6252 8761
The Integrated Consultants Operative Network (ICON) enables
our Mortgage Consultants to conduct their mortgage business anywhere and anytime.
The SMP iSMART is the comprehensive All-In-ONE Mortgage Planning Tool for
our Mortgage Consultants. It is a sophisticated PC-based software with online web support
to assist all software users and consumers in their mortgage loan planning.
A web-based email service that keeps our Mortgage Consultants
in touch with clients, partners and colleagues alike.
Knowledgeable
“Desmond has proven that he is a pro by providing us extensive analysis on our existing package as well as neutral comparison of all other options.”
- Mr. George Lim
Patient
“For first-time home buyers like us, we are thankful for Lorrain for patiently explaining all that we need to know in taking up a new loan. Without her, we wouldn’t have gotten the lowest deal that we are enjoying now.”
- Mr. and Mrs. Khan, Azalea Park
Prompt
“Jennifer quickly responds to each of my queries, helping me to negotiate a deal just in time for my Turnover of Property (TOP).”
- Ms. Ross Lye, Jurong
Committed
“I am quite satisfied with Elcy’s service. I will definitely recommend her to my peers.”
- Jacklyn Chua, HDB Marine Parade
Reliable
“Raymond was very knowledgeable and well versed in his role.”
- June Tan, Telok Kurau
Understanding
“With our two properties, one residential and one commercial, Lenard understands our needs and suggests what best suits us.”
- Mr. and Mrs. Tay, Commercial Property Technolink
Helpful
“Thanks to Joycelyn for being very professional and ready to help me with my mortgage needs.”
- Mark Ng, NorthOaks
Efficient
“Aloysius was able to provide me with comprehensive and accurate information.”
- Linda Toh, Depot Heights
Friendly
“Joelle’s enthusiastic attitude made me comfortable to discuss with her my mortgage matters.”
- Mr. Bala, AMK
Personalized
“I am completely happy with Boon Wah’s assistance. The moment I buy another house or when my refinancing is due, I will look for him again.”
- Mr. Abdul Rahman, HDB Tiong Bahru
Hassle-free
“A worry-free experience as I had the loan rates from all the banks at my fingertips. Thanks for all your help, Karen!"
- Jean & Adrian, Farrer Park
Dependable
"Good job, Jane! Keep up the great work!"
- Michelle, The Rivervale
Refinance in Singapore
Refinancing your home loan can often help ease the burdens of the high interest amount you might currently pay. However, you must also be aware of and recognize all the refinancing costs involved, and most financial institutions won’t remind you when it’s time to refinance (after all, it’s not exactly in their best interest to do so!). If you’re considering to refinance your housing loan, SMP Mortgage Brokers are here to help – at no cost to you.
Advantages of Refinancing
Sign up for SMP’s Mortgage Loan Renewal Service
As part of our ongoing effort to keep your interests first, we’ll let you know when your mortgage is due for renewal. Click here to sign up for this free service.
When is the best time to refinance your housing loan?
Determining the best time to refinance your home loan depends on a several factors, including:
- the length of time you intend to keep the mortgage
- Singapore and world market condition
- the interest savings involved in refinancing
- any costs you may incur in taking on the new mortgage loan
SMP’s Tip: Generally, the rule of thumb is once your lock-in period is over, and if the interest savings you’ll receive by refinancing is substantial, it’s worth exploring. There are also times when banks come out with penalty subsidy packages with attractive housing loan interest rates.
Are you unsure of whether now is a good time to look into refinancing? An SMP Broker is waiting to help you decide. Remember – our services are for free.
Video Presentation
“At SMP, we will be there for all your Mortgage Refinancing Needs”
Example
The following scenario describes a typical mortgage refinancing situation.
In Singapore, Mr. & Mrs. Koh have a housing loan with an outstanding loan amount of $800,000. The remaining loan tenure is 20 years. Their 3-year lock-in period with their existing bank will expire in 3 months.
Interest Package Comparison
| Existing Bank package | New Bank Package | Interest Saving | |
| 1st Year Interest | 3.5% | 2% | 1.5% |
| 2nd Year Interest | 3.5% | 2.25% | 1.25% |
| 3rd Year Interest | 3.5% | 2.5% | 1% |
If they were to refinance to the new package offered by the new bank over a period of 3 years, Mr & Mrs Koh will have a potential interest savings of: $29,000
For the 1st year, their monthly installment will be reduced from $4600 to $4,000.
Want to figure your own savings? Use our refinance calculator.
Your One-Stop Mortgage Solution – Your Interest | Our Business
At SMP, we take pride in taking care of our clients’ best interests – after all, it’s the core of our business. We provide a door-step appointment, comprehensive mortgage analysis, easy-to-understand and non-biased loan package comparisons – and we even assist you in monitoring your existing loans to identify when refinancing would be beneficial.
Engage an SMP Mortgage Broker today for your refinancing needs. We’re here to help …and at absolutely no cost to you!
To estimate your home loan monthly repayment, try our refinance calculator 
now!
