Changes to home loans

[zeamybro]

HSBC still extending legal, valuation & fire insurance subsidies. But rates not so good IMO.

Yr 1-3 : 1M SIBOR + 0.80%
Yr 4 & Therafter: 1M SIBOR + 1.25%


Dunno if the subsidies will negate the slightly higher spread....?

Thanks coolchoc

So far what I have gathered is ocbc and DBS could still give 0.75 + sibor, but uob already increased to 0.85 + sibor. Thereafter is 1.25 spread for all

[coolchoc]

Thanks coolchoc

So far what I have gathered is ocbc and DBS could still give 0.75 + sibor, but uob already increased to 0.85 + sibor. Thereafter is 1.25 spread for all

DBS & OCBC still extend legal subsidy?

Citi also 0.75% 1st 3yrs & 1% thereafter, but 2yrs lock-in.

[carbuncle]

Nobody on SOR?

I have one on +0.8 not sure whether to reprice...

[DC33_2008]

Mortgage package is really not so good these days. HSBC have 0.6 spread throughout tenure just 1.5 years ago. A short period was even as low as 0.5 spread throughout tenure.

HSBC still extending legal, valuation & fire insurance subsidies. But rates not so good IMO.

Yr 1-3 : 1M SIBOR + 0.80%
Yr 4 & Therafter: 1M SIBOR + 1.25%


Dunno if the subsidies will negate the slightly higher spread....?

[DC33_2008]

Why reprise now? 3 mth SOR is about 0.34.

Nobody on SOR?

I have one on +0.8 not sure whether to reprice...

[carbuncle]

Why reprise now? 3 mth SOR is about 0.34.

because it will turn to +1.0 soon

[Fisherman]

because it will turn to +1.0 soon

Sorry, may I know the basis for the expectation please? Thank you.

[carbuncle]

Sorry, may I know the basis for the expectation please? Thank you.

aiyo the spread is for my case only not saying for all. my spread is as per LO agreement crossing into next year what ...

[DC33_2008]

3mth SOR has dropped to 0.32 today.

[carbuncle]

3mth SOR has dropped to 0.32 today.

happy camper

[taggy]

3mth SOR has dropped to 0.32 today.

wow so low... i m still in 3mth sibor
my loan allow me to switch to 3mth sor for 1 time free, am i a idiot for not doing it still ?

[DC33_2008]

Do your own assessment?

wow so low... i m still in 3mth sibor
my loan allow me to switch to 3mth sor for 1 time free, am i a idiot for not doing it still ?

[Werther]

Hi DC, just received notifications from my bank, interest up to 1.48% from 1.28%. Shd I refinance? How come taggy bank drop rate while mine has gone up?

[DC33_2008]

What kind of mortagage loan package is yours? Pass lock-in period? Are you affected by the reduction of tenure if refinance with another bank? Average flexible loan package should be between 0.9 to 1.1%.

Hi DC, just received notifications from my bank, interest up to 1.48% from 1.28%. Shd I refinance? How come taggy bank drop rate while mine has gone up?

[zeamybro]

DBS & OCBC still extend legal subsidy?

Citi also 0.75% 1st 3yrs & 1% thereafter, but 2yrs lock-in.

Yes, both still extend legal subsidies for me but not UOB. Anyway I don't need the legal subsidies so bankers are trying to help me fight for even lower rates, but no guarantee and quite unlikely

[amk]

U know, 1% or even 1.25% spread is considered very low already.
Long time ago before benchmark rate based loan was widely available, the so called board rate packages easily had a 1.5 to 2% effectve spread.

[newbie11]

ANZ is providing subsidies nett off from the purchase price until 23 October 12pm. All applications and documents must be submitted by that time. They are still providing subsidies for Refinancing. Find out more on the latest changes to mortgage subsidies.

[Riverund]

With sibor & sor both downtrending and touching lows, heard banks are talking abt moving the home loans spreads up.

Anyone heard anything??

[silver023]

The spreads have already been going up... but there are always a few banks with more competitive rates. So keep a keen eye

[newbie11]

Have closed the 2012 changes article at http://www.findahomeloan.sg/componen...ome-loans-2012

Started a new one for 2013
http://www.findahomeloan.sg/componen...ome-loans-2013

[mcmlxxvi]

Have closed the 2012 changes article at http://www.findahomeloan.sg/componen...ome-loans-2012

Started a new one for 2013
http://www.findahomeloan.sg/componen...ome-loans-2013

Newbie11, thanks.

Btw, your tagline no1 claim, is according to which SME?

[newbie11]

are u recommending us for an award?

[curio]

What is the best floating rate for BUC?

[mcmlxxvi]

are u recommending us for an award?

Ok, thx for the answer.

[newbie11]

What is the best floating rate for BUC?

Depend on quantum and hdb/pte. You may visit the site to compare

[lajia]

seems like interest rate is slowly creeping up? few mths back can see a lot of 0.75+sibor but now a lot is 0.85+sibor??

[East Lover]

seems like interest rate is slowly creeping up? few mths back can see a lot of 0.75+sibor but now a lot is 0.85+sibor??

Last time only 0.65, now most bank is 0.95+ sibor.

And some bank, say bank of china, will not loan to shoebox unit, e.g, must bigger than 500 Sqft!

MM king, u got problem for ur MM unit loan or not?

[mcmlxxvi]

Last time only 0.65, now most bank is 0.95+ sibor.

And some bank, say bank of china, will not loan to shoebox unit, e.g, must bigger than 500 Sqft!

MM king, u got problem for ur MM unit loan or not?

never got problem, i am regular customer with repeat business for major banks lol

[CondoWE]

never got problem, i am regular customer with repeat business for major banks lol

I thought you will say show hand sia... !

[DC33_2008]

It is not the first year spread (0.95%) that is scary but the thereafter rate that is scary 1.25% or even 1.5% + sibor. Fortunately refinance before all the revision and worst of all is the new rule on tenure.

Last time only 0.65, now most bank is 0.95+ sibor.

And some bank, say bank of china, will not loan to shoebox unit, e.g, must bigger than 500 Sqft!

MM king, u got problem for ur MM unit loan or not?