Page 1 of 2 12 LastLast
Results 1 to 5 of 8

Thread: Increased of Interest Rate

  1. #1

    Default Increased of Interest Rate

    Hi all, would like to seek advice about the refinancing, thanks in advance.

    I received an letter from OCBC informing me that the 36-month S$ Time Deposit Rate will be increased from 0.65% (1.65%) to 0.95% (1.95%) on 2 Aug 2018 for the mm condo I purchased in Oct-2016. And after calling the bank, they gave me the following option without any additional fee, so now should i do refinancing and if yes, which option to choose?
    Attached Images Attached Images


  2. #2
    Join Date
    May 2012
    Posts
    3,915

    Default

    Find a mortgage specialist to source refinance opportunities from other banks.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.


  3. #3
    Join Date
    Oct 2012
    Posts
    1,159

    Default

    If u plan for local bank i think dbs is the lowest interest rate. I got mine 2yrs fixed rate at 1.65%. Ocbc is the highest out of 3 local banks. If not get a mortgage specialist.


  4. #4

    Default

    May i know to engage a mortage specialist? And can i change bank?
    Last edited by leafe; 7th July 2018 at 03:57 AM. Reason: Add in info


  5. #5
    Join Date
    May 2012
    Posts
    3,915

    Default

    Quote Originally Posted by leafe View Post
    May i know to engage a mortage specialist? And can i change bank?
    I have had great experience with Redbricks. PM me if you need a specific number and person to contact.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.


Page 1 of 2 12 LastLast

Similar Threads

  1. Replies: 0
    -: 29th December 2016, 06:35 PM
  2. OCBC increased board rate by 0.6%
    By sillyme in forum Finance and Legal
    Replies: 41
    -: 25th July 2016, 04:31 PM
  3. Replies: 6
    -: 18th November 2015, 09:13 AM
  4. Replies: 42
    -: 13th June 2014, 07:32 AM
  5. Increased interest in ECs as private home sales nosedive
    By reporter2 in forum Miscellaneous Discussion and News (HDB, EC, commercial and industrial property; general business/eco
    Replies: 0
    -: 21st August 2013, 04:46 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •