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Old 29-03-2012, 07:41 PM   #16
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Just call up one of my banker and he mention their promo rate(Do note that bank have the right to cease the promo package as and when they need to )

500k loan onwards

2 years lock in
1st year: sibor +0.55%
Thereafter: 3mth sibor +. 0.65%
Can mortgage my fully paid-up by EA? No CPF used.
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Old 30-03-2012, 10:04 AM   #17
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Hi Askhabit,

No it's not breaking the law.
It only can apply to people with private property.
If you are a married couple joint ownership and borrower of a private property, you can actually remove one of the borrower (A) from the 1st property loan. (A) will then purchase a property under his/her name and get a 80% loan out of it (if the income is strong enough) .
They look into borrower rather than ownership of the property to determine the LTV.

The loan to value limit of 60% for second property(with first property still have outstanding loan) is regulated by MAS, hmm...if you get 80% LTV wont you be breaking the law???

Maybe unless you get the second property and sold the first property or full paid off the first loan....then you may get 80% loan approval if you can show your excerise OTP.
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Old 30-03-2012, 10:15 AM   #18
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Hi hazardous,
I assume your property is an uncompleted property
Most bank will only offer Sor/Sibor rates for uncompleted property.
Rate will for sure go up years to come .
I can't predict the rate in the future but I can quote you some rates for
You to take reference from in the current market

For mass market
Best fixed rate
1st 3 yrs :1.35%

Best sibor
1st year: 3mth sibor + 0.55%
thereafter : 3mth sibor + 0.65%

3msibor today is :0.39744



Hi Bros,

I asked this question in the other thread but have yet to have any replies. So I'll just cut and paste here.

I just got sibor rate home loan from DBS, but my monthly payment will only kick in gradually (3 years) after the TOP. My banker friends said to go for SIBOR now, as its very very low and unlikely to rise for the next 3 years. But once TOP, should start looking at fixed rate as staying on with SIBOR will be akin to gambling (can shoot up to 3~4%).

Is this line of thinking ok? What is the typical fixed rate that banks give (assuming SIBOR at 3%)?
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Old 30-03-2012, 10:19 AM   #19
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Hi Henry
What do you mean by share?
Share on the property or share(stock in Market)
For property only with all owner consent then you will be able to take an equity loan out of your property
For share (stock in the Market); I am not the right person to advice you

Can mortgage my shares for 500lk loan? Even sibor + 1% can.
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Old 30-03-2012, 10:23 AM   #20
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Hi Henry,

For Property under HDB ruling, you are not able to do an equity loan out of the property.
Cash out/Equity loan is only applicable for private property.

Hope I answer your question

Can mortgage my fully paid-up by EA? No CPF used.
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Old 30-03-2012, 10:32 AM   #21
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Mind to tell me more?
which package is better for Housing loan about 250k..
IPA is valid for one bank or also valid for other bank?
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Old 30-03-2012, 10:47 PM   #22
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Different bank have different guideline for IPA. some bank use a higher percentage to do stres test while others use current interest rate to do stress test. So IPA is different
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Old 02-04-2012, 12:20 PM   #23
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May I know what is SIBOR ?

I'm a PR but my wife is non citizen, can I apply IPA?
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Old 04-04-2012, 09:02 PM   #24
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SIBOR stands for Singapore Interbank Offered Rate and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market).

Yes you can apply for IPA
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Old 05-04-2012, 10:13 AM   #25
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Hi Fifa2006

Can tell me which bank is offering 1.35% fixed for 1st 3 yrs? So far, those that I found are not giving me such gd rates

Thank you.

Hi hazardous,
I assume your property is an uncompleted property
Most bank will only offer Sor/Sibor rates for uncompleted property.
Rate will for sure go up years to come .
I can't predict the rate in the future but I can quote you some rates for
You to take reference from in the current market

For mass market
Best fixed rate
1st 3 yrs :1.35%

Best sibor
1st year: 3mth sibor + 0.55%
thereafter : 3mth sibor + 0.65%

3msibor today is :0.39744

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Old 05-04-2012, 01:51 PM   #26
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Hi trinity4ever,

Roughly how much is your loan size ? Private or HDB?
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Old 05-04-2012, 10:55 PM   #27
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Hi,

Which bank are you talking about for this?
I about to commit to a housing loan most prob ocbc or uob ... now sourcing to see any other offer extra perks

Hi hazardous,
I assume your property is an uncompleted property
Most bank will only offer Sor/Sibor rates for uncompleted property.
Rate will for sure go up years to come .
I can't predict the rate in the future but I can quote you some rates for
You to take reference from in the current market

For mass market
Best fixed rate
1st 3 yrs :1.35%

Best sibor
1st year: 3mth sibor + 0.55%
thereafter : 3mth sibor + 0.65%

3msibor today is :0.39744

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Old 10-04-2012, 04:27 PM   #28
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Abt S$400k. HDB. Thanks.

Hi trinity4ever,

Roughly how much is your loan size ? Private or HDB?
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Old 10-04-2012, 05:18 PM   #29
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Hi bro,

Thank for reply.

Just to ask using online such as Housing Loan Singapore | Best Home Loan Bank Rate Calculator Comparison Singapore or Compare Singapore Home Loans | Singapore Housing Loans | Singapore Mortgage Refinancing| SmartLoans to get suitable among all the bank? Is it absolute free as they mentioned or any hidden cost?
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Old 11-04-2012, 04:50 PM   #30
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Hi Elvis,

Others I am not sure , but service from www.housingmatters.com.Sg is free for you
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