DBS Increase their broad interest rates

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crossfitter

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Trazora

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luvalist

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I tot it's pegged to 18 month though. Mine is HDB. must check loan doc. *finger crossed*
 
sgdividends

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Yes ocbc pegged to 36 months.
I remembered asking in forum 3-4 months back which should I take dbs 18 or ocbc 36 since both had a similar spread.

But I think ocbc had a carrot that said 1 time free switch anytime within the bank.

Anyway dbs always makes changes on 23 Dec. Last year's also this date
 
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cybercom8

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if fhr18 is 0.6%, then based on the following spreads, won't all their home loan customers be screwed as year 1 is now 1.95% when sor rates were much lower the couple of months (some banks as low as 1%-1.32% nia)?

Year 1:
FHR18 + 1.35% p.a.
Year 2:
FHR18 + 1.35% p.a.
Year 3:
FHR18 + 1.35% p.a.

Thereafter:
FHR18 + 1.80% p.a.
 
Asphodeli

Asphodeli

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cybercom8 said:
if fhr18 is 0.6%, then based on the following spreads, won't all their home loan customers be screwed as year 1 is now 1.95% when sor rates were much lower the couple of months (some banks as low as 1%-1.32% nia)?

Year 1:
FHR18 + 1.35% p.a.
Year 2:
FHR18 + 1.35% p.a.
Year 3:
FHR18 + 1.35% p.a.

Thereafter:
FHR18 + 1.80% p.a.
Click to expand...
Oh boy, this might cause some problems...

Sent from Sony E6533 using GAGT
 
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paurusu

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cybercom8 said:
think those are maybe the new spreads on their website?

anyone knows what were the actual spreads previously and also what was the fhr18 rate? 0.6% or lower?
Click to expand...

Actually doesnt matter. Just see your own contract and see your own rates. Most people will take during promo and that rates normally is lower compared the quoted 1.3 or 1.35 in website.
Current promo also quote .9 % + FHR 18 (floating)

Anyway - FHR18 = .6% for quite a while
 
sgdividends

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cybercom8 said:
think those are maybe the new spreads on their website?

anyone knows what were the actual spreads previously and also what was the fhr18 rate? 0.6% or lower?
Click to expand...

3 months ago was spread 0.4, 0.85,0.85.

Fdh 18 months

Making it 1% , 1.45%, 1.45% onwards
 
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cybercom8

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sgdividends said:
3 months ago was spread 0.4, 0.85,0.85.

Fdh 18 months

Making it 1% , 1.45%, 1.45% onwards
Click to expand...

wow, that was the 1% i was told about...congrats

need to buy mortagage insurance? if yes, is it a lot cheaper than usual mortgage insurance or similar?
 
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