PDA

View Full Version : Banks are starting to revise their package already


MortgageGuru
25-08-15, 12:23
Just one week after 3M SIBOR show signs of going up, banks are revising their package and the popular DBS FHR package is revising again, likelihood a higher spread from the 1.1%.
Stanchart also making changes.
Will update this space again when I have more information.
MortgageGuru
26-08-15, 15:18
Good news for FHR holders, FHR should not be as volatile as sibor as DBS just announced their new rates at 1.5 + FHR being the spread, a stark increase from 1.1.
MortgageGuru
26-08-15, 16:15
3M SIBOR 1%
3M SOR 1.3%
mcmlxxvi
26-08-15, 17:19
My effective SOR-based rate just shot up from 1.7x to 2.33%
MortgageGuru
26-08-15, 17:39
My effective SOR-based rate just shot up from 1.7x to 2.33%

If outstanding still high, it's time for refinancing.
Recommend UOB fixed rate 2 years 1.68%.
This is the best available fixed rate in the market, should be pulling out by next week.
DBS just pulled out their 1.1 + FHR rate, today last order. 😕
yowetan
26-08-15, 18:11
If outstanding still high, it's time for refinancing.
Recommend UOB fixed rate 2 years 1.68%.
This is the best available fixed rate in the market, should be pulling out by next week.
DBS just pulled out their 1.1 + FHR rate, today last order. 😕

What is UOB rate after the fixed 2 years then? Any clawback?
DBS current FHR rate - how much is it?
MortgageGuru
26-08-15, 18:25
Thereafter board rate 2.28%

Dbs current fhr is still the same at 0.4%.
It's only the spread increasing again.
yowetan
26-08-15, 18:33
Thereafter board rate 2.28%

Dbs current fhr is still the same at 0.4%.
It's only the spread increasing again.

So the board rate 2.28% is fixed or with additional 2.28%+x = yyy%?
MortgageGuru
26-08-15, 19:42
So the board rate 2.28% is fixed or with additional 2.28%+x = yyy%?

Board rate has never, and never will be fixed.
It's only the discount for board rate that's fixed.
Assuming board rate to be 4.5% now, the discount will be 2.22% which gives you 2.28%.
If board rate increase till 5% by then, it will.be 5% less 2.22% which gives you 2.78% being the interest rate.
MortgageGuru
27-08-15, 17:02
3M sibor 1%
3M SOR 1.4%

Sibor will be going up soon as well in this case.
starrynight
25-09-15, 18:06
Just wanted say that I contacted MortgageGuru recently with a view to refinancing my loan. He was very prompt, and got me an offer from the bank in no time.

I eventually went for another bank for unrelated reasons, but just wanted to share my experience.


3M sibor 1%
3M SOR 1.4%

Sibor will be going up soon as well in this case.
MortgageGuru
25-09-15, 21:50
Just wanted say that I contacted MortgageGuru recently with a view to refinancing my loan. He was very prompt, and got me an offer from the bank in no time.

I eventually went for another bank for unrelated reasons, but just wanted to share my experience.

Always nice to have good reviews, especially from people who are doing well in their life and a senior member in the forum.
Thank you for the review and referral, I will strive to do my best all the time.
Appreciate the support from members here as well, thank you everyone that entrust me with their property loans once again!
minority
26-09-15, 20:20
whats the rate for standchart fix now a days? how about DBS? anything good? I asked 2 weeks back Standchart told me no more fix rates. while DBS came back with a 2.2% fix 2yrs. which is not interesting
MortgageGuru
26-09-15, 20:54
whats the rate for standchart fix now a days? how about DBS? anything good? I asked 2 weeks back Standchart told me no more fix rates. while DBS came back with a 2.2% fix 2yrs. which is not interesting

Stanchart just came up with 1.98% for 2 years fixed, prior to that they're only offering sibor +0.88% throughout.
Still UOB offering best at 1.68% 2 years fixed currently.