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leafe
06-07-18, 23:10
Hi all, would like to seek advice about the refinancing, thanks in advance.

I received an letter from OCBC informing me that the 36-month S$ Time Deposit Rate will be increased from 0.65% (1.65%) to 0.95% (1.95%) on 2 Aug 2018 for the mm condo I purchased in Oct-2016. And after calling the bank, they gave me the following option without any additional fee, so now should i do refinancing and if yes, which option to choose?
Kelonguni
07-07-18, 00:06
Find a mortgage specialist to source refinance opportunities from other banks.
star
07-07-18, 01:16
If u plan for local bank i think dbs is the lowest interest rate. I got mine 2yrs fixed rate at 1.65%. Ocbc is the highest out of 3 local banks. If not get a mortgage specialist.
leafe
07-07-18, 03:51
May i know to engage a mortage specialist? And can i change bank?
Kelonguni
07-07-18, 07:41
May i know to engage a mortage specialist? And can i change bank?

I have had great experience with Redbricks. PM me if you need a specific number and person to contact.
Arcachon
07-07-18, 08:21
https://www.redbrick.sg/
Werther
26-07-18, 12:22
Hi Bro Arcachon

Have been checking around for repricing and term loan but it seems bankers like not very interested.. maybe many people out there looking for loans now?
Arcachon
26-07-18, 13:25
Hi Bro Arcachon

Have been checking around for repricing and term loan but it seems bankers like not very interested.. maybe many people out there looking for loans now?

Yes, many many at showflat also en bloc create a lot of money (money printing)
rebel17
23-10-18, 13:13
All the banks are increasing their rates tis year.. and many more to come. Like what they say ... most people use mortgage brokers these days. You can also try my broker at https://www.MortgageWise.sg/ They give away $250 Tangs voucher now if you refinance above a certain amt..
PropVestor
23-10-18, 14:39
All the wealth or cheap money has to come to an end someday and we are just getting close. QE cannot go on and on as someone will need to pay for it. There is never really any free money floating in the capital system quoting my LSE econ professor many years ago. Someone is paying for it and will take it back. All the leverage has been given for 10 years are chips that needed to be cashed in for the next 10 years. Question is, what have you done with this leverage in the past decade and counting?
Arcachon
23-10-18, 17:35
All the wealth or cheap money has to come to an end someday

If you know then you will know the end will never come.
Arcachon
23-10-18, 17:36
LSE econ professor many years ago.

Maybe can share the professor name.
PropVestor
30-10-18, 14:40
LSE econ professor many years ago.

Maybe can share the professor name.

We used to call him "The Lord". I think he is still around.
PropVestor
30-10-18, 14:42
If you know then you will know the end will never come.

I know one thing for sure...everything will come to an end. You do not need a degree to know this.
Arcachon
30-10-18, 18:03
I know one thing for sure...everything will come to an end. You do not need a degree to know this.

Nope, the one who says got no end. “I am Alpha and Omega,”