This is indeed a very good rate.
Anytime there's a revision on their rate, you can switch to other bank too.
OCBC quote a BR less disc for a 3 year lock-in
1) 1.28%
2) 1.48%
3) 1.78%
Average of 1.51%
Also the reprice fee is reduced from $1K to $400.
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Would like to check is it possible to negotiate with the bank for better reprice rates and waiver of reprice fee?
reprice and refinance again after 5 years.
DBS quoted a fixed rate of 1.88% for my reprice! Is this the best rate by DBS now?
Need advice from the expert here. My loan is with UOB and link to SOR rate. My loan rate is close to 2%. The good point of my loan is that my deposit can enjoy same rate as my loan up to 75% of the Lian value and currently I ledge deposit up to 75% . Is there any better loan package for my case. Thank you
DBS has another package which is FHR (Fixed Deposit Home Rate)
1st FHR +0.95 =1.35
2nd FHR +1.05 =1.45
3rd FHR +1.25 = 1.65
Current FHR is 0.4%. How often does DBS' FHR change? Is it safe to take this FHR package? Will FHR increase?
Any help appreciated!
The previous 2 rates expired!
Tdy DBS quoted:
Fixed 3 yr lockin @ 1.78 for 3 yrs.
Floating no lockin @ FHR +1.05 for 3 yrs (i.e. 1.45)
I hear UOB incr their BR from 4.5% to 4.8%!
Yes UOB has increased their board rate, very soon others will follow suit.
Prevailing UOB residential board rate is at 4.8% now.
This time very strange phenomenon, long term rate is falling, short term is rising.
Let see how long it can go. QE4 is coming end of the year.
So wat is the net interest rate for uob ?
Give up looking at the interest rate, pray hard for the interest to drop.
Should have enough for 3.5% interest rate.
Quietly, 3M SIBOR has risen up from the 0.65% area to 0.8%.
Expect a 0.2% increase by April to hit 1%.
For borrowers who are still on SIBOR, beware and be ready!
Bank adjustment will be soon again!
Still floating around due to locked in.
Hope don't cross 4% so soon, my threshold is 4% : (
Oh yea your girlfriend told me you just attained top.
Thanks for correcting me! didn't realised i posted 0.8, it should be 0.7%
3M SIBOR up again to 0.73%
3M SOR is in a new high of 0.94%
News will be spreading that SOR hitting 1% after so many years soon.
I got a 3 yr lock-in for 1M Sibor w Std Chart. Damn sianz. every mth increase.
Got until mar 2017 than can reprice/refinance.
Can Term Loans (property used as collateral) be refinanced?
Does the MAS rules affect such loans. These are not 'Propety Loan' or Housing Mortgage Loan'.
Yes they can be refinanced but still subjected to TDSR.