PDA

View Full Version : FIXED OR UNFIXED HOUSING LOAN


Werther
05-11-14, 22:34
Hi bros

Any advice ? I am looking into refinancing but unsure which to consider.

Will rates go up very quickly next year?
DMCK
06-11-14, 12:41
what is the fixed rate right now?
Werther
06-11-14, 14:50
1.6% for 2 years.....by my current bank

If switched bank, 1.48%
lifeline
06-11-14, 17:36
Besides my answer in the other thread, another is you may get a free 1x conversion from the same bank upon top. Check this out. Else can switch if it's not a hassle with tdsr for you.



1.6% for 2 years.....by my current bank

If switched bank, 1.48%
newbie11
07-11-14, 00:49
1.48 too high
Werther
07-11-14, 13:13
hi newbie11

You mean 1.48 is high? Got cheaper one for fixed rates for 2-3 years?
Allthepies
08-11-14, 16:27
Good news for people taking loan, think the bank spread has come down a little... starting to see spread of 0.8 again : )
Allthepies
09-11-14, 08:26
BOC 2yr fixed 1.2%, 1.4%
DC33_2008
09-11-14, 08:31
But what happen thereafter?
BOC 2yr fixed 1.2%, 1.4%
Allthepies
09-11-14, 09:15
Refinance : ) i prefer floating all the way, when interest rise u can easily hedge with other instruments : )
MortgageGuru
10-11-14, 14:09
Fixed is the way now!

Your fixed package will definitely be lower than SIBOR by end of 2015.

I've already refinanced more than 60 cases since September this year,including helping SMEs owners and their additional residential units.
Proven to be a fast and smooth journey from submission of documents to approval of LO.
teddybear
10-11-14, 21:46
What is the rate for fixed package now?


Fixed is the way now!

Your fixed package will definitely be lower than SIBOR by end of 2015.

I've already refinanced more than 60 cases since September this year,including helping SMEs owners and their additional residential units.
Proven to be a fast and smooth journey from submission of documents to approval of LO.
MortgageGuru
10-11-14, 22:05
What is the rate for fixed package now?

Depending on the package as it differs individually because of their needs and their likings.
I've on hand a few package that's very competitive to floating rates and allowed a further deviation due to the high volume of loans brought in to the bank.
Allthepies
11-11-14, 06:33
Any fixed rate around 1.1% for 3 or more years?
MortgageGuru
11-11-14, 10:05
Yes. But there's term and conditions.
If you're saying just as a individual walk in,I'm afraid to say no.
Allthepies
11-11-14, 19:04
Oh can share what the terms and conditions?
MortgageGuru
11-11-14, 21:43
Depending on each bank packages.
I can't reveal much here for commercial reason.
MortgageGuru
24-11-14, 13:16
Beware of floating rates!
SOR is at 0.3% now!
teddybear
24-11-14, 14:34
SOR is going up because US$:S$ is going up. I already warned on that.
How about SIBOR?


Beware of floating rates!
SOR is at 0.3% now!
MortgageGuru
24-11-14, 15:21
SOR is going up because US$:S$ is going up. I already warned on that.
How about SIBOR?

SIBOR is still at 0.41% now.

will expect it to rise too but not exceeding 0.5% this year.