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Thread: DBS FHR vs OCBC FDMR (Comparison)

  1. #21
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    Quote Originally Posted by MortgageGuru View Post
    update: FHR18 increased by 0.1%

    FHR12&24, increased by 0.1% as well.

    May refer to here for the FD rates at DBS.

    http://www.dbs.com.sg/personal/rates...-deposits.page
    Sorry, note the difference...

    *FHR 12&24 months increased by 0.275 to 0.675 instead of 0.1.

    FHR18 increased by 0.1 to 0.6.

  2. #22
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    Has SIBOR increased at all after the FED rate hike ?


    So have those who took up FIXED rate since H2 benefitted ?

    Or have those who took up Floating rate actually better off ?

  3. #23
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    It depends. Fixed rate holder may have a peace of mind right now.
    Sibor not yet making any stark movement so far.
    If there's no further jump on fhr for the first half of 2016, fhr will still be a good choice. Took almost a year for fhr to rise after sibor hike, I stand by fhr choice.

  4. #24
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    Im looking at repricing my mortgage with OCBC and lost between the different options:
    - Fixed rate for 2 years (2.18%)
    - 36 months FDMR based (1.78% based on 36 FDMR - 1.13%)
    - SIBOR pegged (around 2% based on current SIBOR)
    - Board Rate Based (1.68% based on current board rate)
    I've read the previous threads but quite lost.

    Would be tempted to forget about Board Rate based as totally at the discretion of OCBC to increase and looking for something determined more "objectively".
    SIBOR does not seem very interesting compared to Fixed Rate
    But difference between 36 months FDMR compared to fixed rate is quite large so i would be tempted to go with FDMR based.

  5. #25
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    Quote Originally Posted by sophiel View Post
    Im looking at repricing my mortgage with OCBC and lost between the different options:
    - Fixed rate for 2 years (2.18%)
    - 36 months FDMR based (1.78% based on 36 FDMR - 1.13%)
    - SIBOR pegged (around 2% based on current SIBOR)
    - Board Rate Based (1.68% based on current board rate)
    I've read the previous threads but quite lost.

    Would be tempted to forget about Board Rate based as totally at the discretion of OCBC to increase and looking for something determined more "objectively".
    SIBOR does not seem very interesting compared to Fixed Rate
    But difference between 36 months FDMR compared to fixed rate is quite large so i would be tempted to go with FDMR based.
    Taking up FDMR is good also. You should!

  6. #26
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    For the Dbs $800 repricing fee, can use cpf to settle?

  7. #27
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    Quote Originally Posted by henryhk View Post
    For the Dbs $800 repricing fee, can use cpf to settle?
    Only cash!

  8. #28
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    Is it true that purchase of DBS 18FHR home loan has to purchase their Mortgage insurance?

  9. #29
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    Quote Originally Posted by DC33_2008 View Post
    Is it true that purchase of DBS 18FHR home loan has to purchase their Mortgage insurance?
    Yes you're right.
    Have to take up mortgage insurance or else the spread will be 0.1% higher.
    However, if your loan is more than 3M, dbs allows 1.88% fixed for 3 years.

  10. #30
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    How about UOB home loan as compared to OCBC and dbs?
    Quote Originally Posted by MortgageGuru View Post
    Yes you're right.
    Have to take up mortgage insurance or else the spread will be 0.1% higher.
    However, if your loan is more than 3M, dbs allows 1.88% fixed for 3 years.

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