Home loan fixed interest rate hike shocks customers of DBS, OCBC and UOB

[PC-User]

I decided a 2nd bto, I didn't even upgrade the size... Just horizontal upgrade to higher level and better location... With enough to fully paid it when I need to sell it in 2025 of my current bto... Not going to stress over my primary house...

I also wish but how easy? First a unit which is better than the current one then the balloting.

 

[jericho75]

Because bank loans for HDB flats were much lower than HDB 2.6% for years. Probably people who went for bank loans think interest rates will remain low during the whole texture of their loan?
If borrowers are stretched max with loan repayment at super low interest rates, they will be 'in shock' when interest rates start rising Hopefully they are prepared for changes if they cannot keep up with higher monthly repayments.

because if u wanna buy 600-800k hdb. likely only banks will be willing to lending such amount.

 

[ctstalin]

Those who enjoyed super low interest from banks for years already still tan tio even after factoring today's higher rate when compared to those who took HDB's 2.6% right??

 

[jericho75]

Huh? 1.4 mil at 7.22% fixed? Then it's also same work until die over there woh.

I thought US cheap car cheap house...

his boss must be staying in hollywood.

 

[BuibuiForever]

After a decade, HDB loan finally won. lol

Better than Arsenal, isn't it?

 

[Laneige]

Anyone who say get rude shock must be living in a well.

Signs all there for the longest time.

Shock because when they signed up or refinance to bank loans …I even read article on that n said they save a lot from hdb to bank loan) … these groups will b shocked

 

[jericho75]

PLP and PC are skills that is require to stay employed

rising rates then companies will cut cost.

 

[hachi]

I also wish but how easy? First a unit which is better than the current one then the balloting.

Those who tried make it... But don't tell me hot area even 1st timer got issue getting it... Most of my frds that apply got it..

 

[jericho75]

Shock because when they signed up or refinance to bank loans …I even read article on that n said they save a lot from hdb to bank loan) … these groups will b shocked

sell one hdb buy 2 condos one dunno how now?

 

[darkelf]

Heng I just applied hdb loan and my hle just got approved.

 

[Geneco]

sell one hdb buy 2 condos one dunno how now?

All increasing rents like no tomorrow...

 

[hachi]

What is made 1 mil n cannot sell unit
Make 1m = sell n earn 1mil?

He bought 179k now can sell 1.28 mil..

 

[Squaredot]

because if u wanna buy 600-800k hdb. likely only banks will be willing to lending such amount.

Is it? Depends on CPF balance and loan amount bah. My new neighbours borrowed from HDB.

Buying properties is a long term commitment, have to think of various factors carefully....just buy an affordable unit.

 

[randomph]

Usa loan is it for thirty yrs means once they signed is 30 until they refinance? Sg is every few yrs for fixed

USA loan can fixed rate for many years. If they bought last year 30 yr low int rate then just huat like siao

 

[hachi]

sell one hdb buy 2 condos one dunno how now?

Open window... Then frd asked me to borrow 800k also ask me to decouple... I replied, you and wife, your parents and in law all decouple... Got 6 condo... Sibei staki... No good? Don't have money just borrow more... A few years back... Don't know why all haolian about how much loan they had... Funny.... I always wanted a good night sleep..

 

[Laneige]

Is it? Depends on CPF balance and loan amount bah. My new neighbours borrowed from HDB.

Buying properties is a long term commitment, have to think of various factors carefully....just buy an affordable unit.

Hdb more exp (before hike) but if no money to pay , they give chance

 

[lycanboy]

Wheres the property agent that asked me to sell one house buy two housing loan?

 

[hachi]

Hdb more exp (before hike) but if no money to pay , they give chance

2 y max... Then they give you options...

 

[randomph]

sell one hdb buy 2 condos one dunno how now?

Rent one condo out cover own mortgage huat huat ah

 

[hachi]

Wheres the property agent that asked me to sell one house buy two housing loan?

You should ask back... Your parent and in law if have... Doing the same?