It's going to be tough, but we have gotten loans approved for several of our clients.What is the chances for a discharged bankrupt to obtain mortgage of 200k. Monthly combined income with spouse 11k
Sure bro, thank you for your interest. We have PM you.Hi Unbiasedsg,
May I have quotes for refinancing of private property please?
Thanks.
We have structured deals for our clients without early repayment penalties and as well as refinancing at zero cost for legal fees.Hi,
I have a question, I want to borrow a 900k BUC loan but I'm thinking of paying off 300-400k of that loan amount when the project hits TOP or CSC.
Is it possible to do that without having penalties? I always see early repayment penalties of 1.5%
If I refinance, can I lower the loan amount? Thanks!
Most certainly bro, do check your inbox.Hi, looking to buy a resale condo. Will like to have approve in principle loan amt first, can help?
ya i m thinking the 5 rule should be loan amount too.Pokémon;118940944 said:For the first 3 rule, I am not sure if it is still applicable, now that your downpayment has gone up to 25% instead of 20%.
As for the 5 rule, personally, I would place it against the loan amount rather than the purchase price. Not everyone gets loan at 75%.
Hi unbiasedsg,
Looking for refinacing ASAP as ocbc switched my ref rate from time deposit to mortgage board which I,m uncomfortable with.
Appreciate you can PM me the best fixed rate on market now & contact for a discussion.
Thanks
I'm surprised that your mortgage broker did not assist you to put up a waiver for the 1.88% fixed 2 years package.Hi everyone
Just want to share my experience as I was recently looking for bank loan for my newly bought resale flat.
I contacted a couple of mortgage brokers but I realised that their rates are not the most attractive, particularly for floating.
In the end I called up one of the banks myself and asked them for a quote for floating, they gave me 1m sibor + 0.3% for the whole term, which is even cheaper than the cheapest option I got from the mortgage broker (it was +0.3% for first two years only, then steps up to +0.7%!!). Not sure whether it is because I said I was referred by one of my friend that has a current mortgage under that bank, so they gave a better rate? But I think no harm to try calling one or two banks directly, don't trust the mortgage brokers' quote completely, you really never know.
Some don't like sibor because of the volatility but for me part of my deposits are earning sibor-linked rates, hence it is somewhat hedged ba. Anyway, I prefer the transparency.
The reason why I didn't go for fixed is because the 2.18% will become Hong Leong's board rate from year 3, and there is not much transparency on that. The next cheapest fixed rate is 2.4% by DBS for 5 years, but my loan quantum is too small, otherwise think it is quite a good deal.
Of course, the legal subsidy etc might make a difference but my loan quantum is so small (<$200k) that I don't qualify for those at all, so I was only looking at the headline interest rate.
Hope this helps!
PM for 900k loan