Very undecided. Your advice is much appreciated
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Very undecided. Your advice is much appreciated
go for 1 month sibor if u r looking for lowest current rate. but if u want predictable cashflow then go for 12 month.Quote:
Originally Posted by ngloong
very personal decision. no one can advice u.
My opin is that interest rates will start to look up in 2010. The only reason Federal Reserve did not raise rates this week was because they were worried that it will dampen any positivity in the US economy. Hence go with a 12 months SIBOR if you can.Quote:
Originally Posted by ngloong
I'm in a 3 month SIBOR myself. Once my place TOP end of the year, i will switch to 1 year as well. Hopefully rates remain low.
Please refer to the following:Quote:
Originally Posted by ngloong
http://www.post1.net/lowem/entry/sin...since_apr_2004
Banks are trying to get as much business as possible. And banks of course hope the rate will move up in future.
You may want to ask the fees charged by bank. Also, if the rate is going up too much, what is the 2nd best choice and charges to switch to a different type of loan.
I gathered from friends, you guys, and bankers that the low interest rates is too good to last forever. At best, minor upsides should creep in by year end, and next year more gradual hikes to 1.5% for 3-mth sibor. i am wondering why certain banks do not offer 12mth sibor at all. Is it a system issue, marketing issue, or costing issue stopping them from promoting it ?