Free Advice/Discussion on Bank Mortgage loan

[Property_Broker]

why my UOB only give me fixed 2.75% 2 years and 3M SORA + 1.00% there after, because my loan just 100k?

yup.

The higher the loan amount, the better mortgage package(Lower rates)

Usually the magic number is 300k/500k/800k/1m etc etc.

Once your loan amount is higher than these number, you can get better rates.

Look in another perspective, it is good that your loan is so low. Your liability is only 100k~

 

[Ryuken_rukawa]

Huat ! Fixed rate 2.4%. Woooo!

From which bank bro? New or refinance? Looks possible at even 2.37% but not sure what's EMI.
https://dollarbackmortgage.com/new-private-property-loan/#rates

 

[mortgage_88]

From which bank bro? New or refinance? Looks possible at even 2.37% but not sure what's EMI.
they just include the cash rebate inside hahaha …

lowest is 2.42% now with free conversion after 12 months, just released today with 1mil loan size requirement, no additional funding / priority banking required

 

[ctan84]

lowest is 2.42% now with free conversion after 12 months, just released today with 1mil loan size requirement, no additional funding / priority banking required

What's the lowest rate out there for a loan size of $180k ah?

 

[Ryuken_rukawa]

lowest is 2.42% now with free conversion after 12 months, just released today with 1mil loan size requirement, no additional funding / priority banking required

Great news! From which bank though? Is it SCB?

 

[JJW_123]

anyone tried unpledged funds. I have some US equities that i would like to unpledged to get a higher loan. Must it be in cash form or US equities are ok?

 

[Property_Broker]

From which bank bro? New or refinance? Looks possible at even 2.37% but not sure what's EMI.
https://dollarbackmortgage.com/new-private-property-loan/#rates

Hi @Ryuken_rukawa

Bank are giving cash rebate for the refinancing case.
Hence i think the website is factoring in the cash rebate to push the EMI rate lower to attract client.

 

[Property_Broker]

What's the lowest rate out there for a loan size of $180k ah?

It should be 2.6% fixed for 2 years. Hong Leong Finance.

But do take note that the refinancing fee involve is not worth it.

 

[Property_Broker]

anyone tried unpledged funds. I have some US equities that i would like to unpledged to get a higher loan. Must it be in cash form or US equities are ok?

Hi @JJW_123

Do you mean show fund via unpledged fund?

Yes. You can use your US stocks for the showfund. However most of the banks prefer the stock custodian account to be with CDP account.

If it is under Tiger broker/IBRK/MooMoo account, most of the banks might reject it.

 

[Property_Broker]

Great news! From which bank though? Is it SCB?

Not the lowest anymore.

Some banks are offering 2.4% fixed for 2 years FC12.

 

[AhChiCha]

Would like to ask if anyone have experience of repricing OCBC Home Loan online?
My locked in period will end in 2 months time and I can already submit repricing OCBC Online.
However, I would like to make a portion of prepayment for the loan before new repricing kick in with new lock in period. Appreciate if anyone can share their experience on this process.

 

[JJW_123]

Hi @JJW_123

Do you mean show fund via unpledged fund?

Yes. You can use your US stocks for the showfund. However most of the banks prefer the stock custodian account to be with CDP account.

If it is under Tiger broker/IBRK/MooMoo account, most of the banks might reject it.

that kinda suck. for non- CDP account. waiting for anyone who have any experience

 

[Sambuca78]

Noob here, would like to ask, I paying my loan 50/50 from CPF and Cash.

I see in the OCBC app that my house loan will start on 3 Mar 2025, but I noticed the CPF deduction was on 1 Feb 2025.

Any advise why is this so? Thanks!

 

[mortgage_88]

Great news! From which bank though? Is it SCB?

yup, very competitive now between SCB, HSBC, and Maybank within this quantum

 

[mortgage_88]

that kinda suck. for non- CDP account. waiting for anyone who have any experience

from trading brokerages is ok also, can pm if you need help

 

[mortgage_88]

Would like to ask if anyone have experience of repricing OCBC Home Loan online?
My locked in period will end in 2 months time and I can already submit repricing OCBC Online.
However, I would like to make a portion of prepayment for the loan before new repricing kick in with new lock in period. Appreciate if anyone can share their experience on this process.

email ocbcrepricing@ocbc.com

can drop pm if you need help / if you wish to compare rates before repricing

 

[ThinkCarefully]

Would like to ask if anyone have experience of repricing OCBC Home Loan online?
My locked in period will end in 2 months time and I can already submit repricing OCBC Online.
However, I would like to make a portion of prepayment for the loan before new repricing kick in with new lock in period. Appreciate if anyone can share their experience on this process.

####

yes. Very seamless and good.
Interest rates were falling. I agreed on fixed rate 2.75%, after processing, the contract generated printed 2.7%.

the rates are auto generated… at time of contract generated, that’s the rate you get even if to your advantage.

I was very impressed.

the worst experience and rate was with Detrimentally Bad Service bank. If you ask me, I advise you to avoid.

####

 

[sherica]

My fixed loan finishing in 12months time afterwards left 24k but I need cash badly will any bank home loan me 24k at less than 3% for 1 year? Lol

 

[Property_Broker]

Would like to ask if anyone have experience of repricing OCBC Home Loan online?
My locked in period will end in 2 months time and I can already submit repricing OCBC Online.
However, I would like to make a portion of prepayment for the loan before new repricing kick in with new lock in period. Appreciate if anyone can share their experience on this process.

Hi @AhChiCha

Yup. You can concurrently do repricing + partial prepayment as well.

Just inform the repricing officer on the intention and they will guide you on it.

 

[Property_Broker]

Noob here, would like to ask, I paying my loan 50/50 from CPF and Cash.

I see in the OCBC app that my house loan will start on 3 Mar 2025, but I noticed the CPF deduction was on 1 Feb 2025.

Any advise why is this so? Thanks!

Is it a refinancing or purchasing case?

I suspect you set the commencing date for the CPF deduction on Feb 2025 when the monthly installment due date should be March 2025.

Try to call OCBC hotline and check it out.