View Full Version : DBS 5 years fixed rate mortgage loan
propertyhans
16-12-13, 18:11
Anyone took the 5 years fixed rate loan with DBS? Seems like a good loan package for people who feel interest will rise.
Sleepyhead
16-12-13, 20:51
Anyone took the 5 years fixed rate loan with DBS? Seems like a good loan package for people who feel interest will rise.
What is the package please?
http://www.dbs.com.sg/personal/homeloans/5yearfixedrate/default.page?cid=DBS-Fixed-Rate-Fixed-Rate_GSR_%2Bfixed%20%2Brate%20%2Bhome%20%2Bloans_Fixed-Loans
re finance now will kana TDSR.
re finance now will kana TDSR.
not just refinance. repricing also kana TDSR.
last time banker says just look at the 1st 2 years rates cos reprice after that.
now we know that is not true.
TDSR reaches back to catch all those who bought multiple properties through OVERleverage and OVERstretching.
not just refinance. repricing also kana TDSR.
last time banker says just look at the 1st 2 years rates cos reprice after that.
now we know that is not true.
TDSR reaches back to catch all those who bought multiple properties through OVERleverage and OVERstretching.
teach people a lesson don't too greedy. so means if reprice the loan do the min 40% down kick in? or just only the TDSR not exceeding 60%
propertyhans
17-12-13, 12:17
not just refinance. repricing also kana TDSR.
last time banker says just look at the 1st 2 years rates cos reprice after that.
now we know that is not true.
TDSR reaches back to catch all those who bought multiple properties through OVERleverage and OVERstretching.
As long as can tahan the subsequent 3% plus And bank fluctuations,...then don't do refinance or reprice also can right. Just stick with current package.
As long as can tahan the subsequent 3% plus And bank fluctuations,...then don't do refinance or reprice also can right. Just stick with current package.
those people who are hit by tdsr of 60% do not have a choice of repricing or refinancing. they simply have to stomach the `thereafter loan rates' of whichever package they signed up previously.
i know cos my thereafter rate kicked in at 1.9+ % after 2 years. anyway repriced back to 1.1% with free conversion (but was 1 month late in activating the repricing - found out later that can actually activate this 2 months before expiry - fyi). repricing needs to resubmit all documents too, same as in refinancing. very troublesome, fortunately i was the last batch to be exempted for that weekend 1 month ago.
teach people a lesson don't too greedy. so means if reprice the loan do the min 40% down kick in? or just only the TDSR not exceeding 60%
only the tdsr of 60% applies...
bargain hunter
17-12-13, 15:10
and if the documents submitted for re-pricing shows that not eligible for the loan, what happens or still can just accept the whatever exhorbitant rates?
i had started another thread to discuss this:
http://forums.condosingapore.com/showthread.php?t=19757
those people who are hit by tdsr of 60% do not have a choice of repricing or refinancing. they simply have to stomach the `thereafter loan rates' of whichever package they signed up previously.
i know cos my thereafter rate kicked in at 1.9+ % after 2 years. anyway repriced back to 1.1% with free conversion (but was 1 month late in activating the repricing - found out later that can actually activate this 2 months before expiry - fyi). repricing needs to resubmit all documents too, same as in refinancing. very troublesome, fortunately i was the last batch to be exempted for that weekend 1 month ago.
no implication for those with just one mortgage right?
no implication for those with just one mortgage right?
no. unless you buy a super ex project such that your tdsr > 60%.
no. unless you buy a super ex project such that your tdsr > 60%.
seriously i really don't get it. Isn't it TDSR 60% all these while? Some banks use 50%.
seriously i really don't get it. Isn't it TDSR 60% all these while? Some banks use 50%.
does not affect most people except those who overleverage with no safety net. last time people remember the ltv 80% - 60% - 40%. banks have tdsr 60% / 50% as you mentioned on per project basis.
with this true tdsr (like "the one ring that rules them all"), ALL loans are called in. plus haircuts are applied to those on commissions etc. generally this is a far-reaching across the board financial clamp. the effects are starting to be felt, that's why some are starting to realise its implications, though it has been discussed and highlighted by astute bros even in the initial tdsr thread.
Yeah...seems interesting package to consider. if this package still last until 2015, that will be great....at least 2015 to 2020 is protected.
Anyone took the 5 years fixed rate loan with DBS? Seems like a good loan package for people who feel interest will rise.
Any better refinancing package than this 1.88%pa fixed for 5 years? :rolleyes:
princess_morbucks
22-01-14, 20:43
Any better refinancing package than this 1.88%pa fixed for 5 years? :rolleyes:
SIBOR lor.
Dunno what is the percentage of QE3 easing/reduction in the next round.
Bank rate may go up higher anytime leh. Sibor was definitely a good choice 2-3 yrs back.
princess_morbucks
22-01-14, 23:41
Dunno what is the percentage of QE3 easing/reduction in the next round.
Bank rate may go up higher anytime leh. Sibor was definitely a good choice 2-3 yrs back.
If DBS can offer 1.88% for the next 5 years what does it say about the interest rates? This assuming no black swan in the next 5 years.
Federal reserve will keep their momentum to ease more of QE3. Interest rate should go up higher in 2015. Perhaps such dbs package is to knock other competitors up. fixed up at 1.88% may be good for the next 5 yrs.
I believe SIBOR will not be more than 1.0% (from current about 0.39%) even by 2018, which is why DBS is quite confident of making money to make people pay 1.88% now for next 5 years!
Federal reserve will keep their momentum to ease more of QE3. Interest rate should go up higher in 2015. Perhaps such dbs package is to knock other competitors up. fixed up at 1.88% may be good for the next 5 yrs.
1.88% is fixed for the next 5 yrs may be quite attractive. Currently, i am paying lesser interest and it seems to be reaching to 1.88 in 1 yr or so.
But if it is 100% assured in the way you mentioned about DBS's confidence towards the market, floating rate is still the best.
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