Hi Unbiased mate,
I’m looking to refinance my existing home mortgage ($1mil over 25 yr), would you have the best offer of both FHR and Sibor-referenced package to recommend? Let’s say with 2yr lock-in period.
Thanks for your advice in advance.
The FHR is higher than the fixed rates bro.
Maybe you should consider either SIBOR or fixed packaged instead.
We have curate some compelling options for your kind consideration:-
LOWEST FLOATING RATES (OPTION 1)
B) Credit Card Bundle Package
Credit card + (fulfil either 1 out of 3) Show 350k / Min loan $1mil / Annual income > $120k
Year 1 : 1m SIBOR + 0.20% (Total 1.94%)
Year 2 : 1m SIBOR + 0.20% (Total 1.94%)
Year 3 : 1m SIBOR + 0.20% (Total 1.94%)
Thereafter : 1m SIBOR + 0.6% (Total 2.34%)
C) Privilege Banking Package (Deposit $250k to onboard as privilege banking account)
Year 1 : 1m SIBOR + 0.15% (Total 1.89%)
Year 2 : 1m SIBOR + 0.15% (Total 1.89%)
Year 3 : 1m SIBOR + 0.15% (Total 1.89%)
Thereafter : 1m SIBOR + 0.6% (Total 2.34%)
Legal subsidies* at 0.25% of loan amount (*minimum $500k loan and above.)
- Beautiful Sunday(NO interest on every Sunday for the first 6 months) for completed property only
- no partial prepayment penalty. Min repayment amount is $10k and multiple $k, every 3 months once by giving 1 month notice.
- 1 time free conversion from 3 months of the free from lock in period
- 50% reimbursement of penalty due to sale if new loan accepted within 6 mths from the existing loan completion date (new loan amount need to be more or equal to the redeemed loan amount)
LOWEST FIXED RATES (OPTION 2) (Min.$600k)
2 Year Fixed Rate 1.82% (FIXED rate with 2 years lock in)
Year 1: 1.82%
Year 2: 1.82%
Thereafter: FHR8+1.03%
Free Conversion After Lock In Period
Waiver Due To Sale