valiantinus
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Hi,
skylinekmh
pegs19
__eMo__
Do check your inbox, I've PM you guys the contact details to further discuss on your situation.
Hi
Can PM me as well?
Thanks!
Hi,
skylinekmh
pegs19
__eMo__
Do check your inbox, I've PM you guys the contact details to further discuss on your situation.
Hi,
skylinekmh
pegs19
__eMo__
Do check your inbox, I've PM you guys the contact details to further discuss on your situation.
I'm surprised that your mortgage broker did not assist you to put up a waiver for the 1.88% fixed 2 years package.
Just sharing the experience for several HWZ members which experienced huge interest rate hikes recently. We managed to get 1.88% fixed 2 years for ALL of them.
We are not the "generalists" type of brokers. We endeavour to get the best deal for our clients, period. Most of the time, if the quantum is sizeable, we will fight hard to put the necessary waivers to get the privilege banking rates that are available to the selected few.
Yes, it's quite true that when your quantum is small. The rates may not be as attractive compared to loans above $800k onwards. I believe the rates you mentioned is HSBC for the floating rate, and yes generally it's quite true that rates are awesome during the locked in period. Banks operate closely like telco companies. They want to lock you in another 2 years by offering cheap phones or even free phones so that there's recurring business. On the hand, other bank there are hungry for your business, may even offer full legal subsides.
What is the package under? Fixed interest rate or Board rate?Hi guys, seeking opinion here. Recently my OCBC mortgage loan have increased from 1.6+% to 2.3%. The rate hike really a pain.. I realized that I do have a one time free conversion to other loan package within the same bank. Should I exercise this option yet?
We are surprised that you need to take things in your own hands whereby the whole purpose of engaging a broker is to save yourself the hassle in lieu of calling up the banks to source on your own.I'm also surprised why leh...
With the hike being a recent event, any further interest hike within the next few months will be unlikely. Hence, I opined to adopt a wait and see approach.currently im taking OCBC board rate at 2.25%, quantum $1.1M, still in lock in period but have 1 time free conversion.
Is it advisable to convert to Sibor rate?
Depending which floating package you took.Hi all, with the recent hike of interest rate. Is there any chance that it will fall or reduce after a while?
The penalty should be for the undisbursed amount only?Its the OCBC OHR. Loan quantum around 800k.
I went to check with OCBC, they told me no locked-in period for my package, but if I choose to refinance i have to pay 1.5% penalty. I'm confused. No locked-in period why got penalty?
Its the OCBC OHR. Loan quantum around 800k.
I went to check with OCBC, they told me no locked-in period for my package, but if I choose to refinance i have to pay 1.5% penalty. I'm confused. No locked-in period why got penalty?
You can refer to your signed Letter of Offer.do you have to go to the branch to ask about your loan package? or just call into ocbc hotline to ask about yr housing loan package?
wah almost 3%, confirm must refinance sioz!My current interest rate is 2.95% (average is 3% over 4 years). Should I refinance?
I reckon fixed deposit package at 1.95% would be a better option.
Online its being marketed at more than 2.125%, we can try to get it for you at 1.95%. I think best is to stay far away from board rate package,unless you have difficultly to get your loan approved.
Also, enjoy up to S$1000 Takashimaya vouchers as well. PM us for more info.
Why would you want to get yourself tied up now for something that's irrelevant 3 years down?
Bank give you X rate, 3 years down the road there's bound to be changes, why would you want to get tied up and limit your options?
When the interest rise, they give you a free conversion, but you're only limited to that bank's offer since the penalty to refinance to other bank doesn't make economical sense.
If you're the bank, will you show mercy or aim for highest profit?
Most certainly bro, do check your inbox.