Newbie
WARNING!!! ALERT!!!
Interest rates is increasing across the board. I'm not helping TS clinch more business but rather, offering a piece of advise here -- if you can't pay, don't buy.
Property market is done!
POSB offering 1.88% 12mth FD when others are offering 1.4%. No terms attached and min deposit is 1k. What do the banks know that we don't?
http://www.posb.com.sg/personal/promotion/savings-promo
Senior
What go up will come down.
Did the World change over night ?
US have stop printing money and EU take over the printing.
US dollar become stronger and oil price reduce by 50%, did US debt become less over night ?
Japan is still printing and China is still printing, so is the world having less money or more money ?
Iphone is still make in Taiwan not US.
Earning from US company is less due to exchange rate.
US company is still in oversea tax haven.
What have change is still no change.
Global recession is coming....
So those taking DBS FHR housing loan will DIE because need to pay FHR+1.25% = 3.13% (FHR = 12mth FD !!!!!)?
Originally Posted by pmet
Senior
Tell the Greece interest Rate is going up and see how they react.
Junior
Think DBS FHR is tied to fixed deposit rate, the 1.88% promotion is for saving account, FHR still safe for now : )
Newbie
My banker informed me that UOB has just upped their saving/FD rate. As for DBS, just wait for them to update their FD rate. But in any case, the 1.88% promo is already a form of FD.
Newbie
Normally FD is above savings, so DBS might just up their FD in due time.
Global recession is coming....
DBS FHR housing loan is interesting, but I am concerned of 2 things:
1) FHR rate is entirely up to DBS, if you get locked in and they arbitrarily increase, you can only cry father and cry mother but can't do anything about it! (In comparison, SIBOR is set by many participating banks and closely watched by MAS...)
2) spread is bigger than SIBOR
So, even if FHR is same as SIBOR, FHR loan will still be more expensive!
Newbie
Stress leh, currently signing up for a DBS FHR package.
Newbie
The good thing about FHR is that it takes the last 12 & 24 months average as benchmark.
So even if the rates were to increase, you're still given ample time to take due course of action.
FHR there's no lock in, please do not be misunderstood.
In the current market, FHR is still one of the best rate for floating.
Newbie
3M SIBOR hit 0.8%.
It's expected to further hit 0.9% once first quarter ends, and further rise to above 1% by end of year but MortgageGuru forecast by July, 1% will be the new 3M SIBOR.
Senior
whats all these spams ?
:)
Guerrilla advertisements lor
Newbie
With SIBOR hitting 1% soon, there's no doubt that holder of SIBOR/SOR borrowers are feeling the pinch now.
Fixed rates are increasing higher and higher and there won't be much savings in this case.
The solution now is to refinance to the lowest board rate in the market now, only if you use it for investment purpose as low fixed rate in the market like RHB doesn't accept investment property.
I've recently tied up with suitecapital, which is one of the advertiser here as you can see in the forum.
You may contact me directly for lower rate instead of walk-in standard rate.
We help you get the best package, allowing your cash flow to be stronger to expand your wealth!
cheers!
Posting Permissions
Reply With Quote