Think BOC 3M SIBOR + 0.90% throughout is very attractive compared to FHR + 1.6% over long-term.................
At these rates, it means FHR needs to be less than 3M SIBOR+0.7% to be worth the while.................................................!!!!
With the Government's Singapore Savings Bonds coming in later part of the year, FHR will not stay low for long because SSB will be competing for cash with FHR!
Hi anyone know currently which bank giving the best loan rate at this moment? will it be better to choose fix rate or floating rate? thanks for your kind input.
Anybody sign up UOB homestar 50% Loan ?
Why SIBOR Should Not Go Up
Sept rate hike chances fade as markets plunge
GLOBAL stocks tumbled on Friday after the weakest manufacturing data from China since 2009 exacerbated negative sentiment. Singapore's benchmark Straits Times Index (STI) fell through its 3,000-point support to end the week at 2,971.01 points. ...
http://www.businesstimes.com.sg/stoc...markets-plunge
Fixed or floating is better? Who knows really? It's just hedging life's risks.
It is last quarter of 2015.
Fed Held Rates Steady Over Concerns About Weak Growth Abroad
So why has SIBOR gone up?
IS ABS/MAS watching the rates closely?
Is it not fear mongering that at the start of the year, scare people to have FIXED rates?
Hi fellow members, sharing on some on my insider news on packages that are about to phase/re-adjust out soon
UOB homestar package 1.38 1.58 1.78 No lock in ( great package for owners that are planning to sell/Fully-redeem property )
package is going to phase out on 22/10. Cut off date probably is on 15/10, unless UOB decides to further extend package.
Extra info: Current lowest across most of the banks OCBC commercial( for operating company) rate of 1.68 1.88 2.18 is going to re-adjust to 1.78 1.88 2.28.on this 16/10. ( still fantastic rates )
I may not be able to confirm 100% but hope this info is helpful! will keep you ladies&gentlemen's updated. cheers!!
Last edited by Advisor101; 13-10-15 at 17:53.
Can refinance if borrower is not working?
Can, my wife not working but she pay Income Tax.
Yes in some cases exemptions can be made. It depends largely on each and individuals case.
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