Property Fix rate or floating rate?

[jasonlim1988]

Anyone doing repricing refinancing has done their calculation and research come share ?

Any local uni student alumni in real estate degree which text book title was use for teaching calculation on real estate financing in Singapore context ?

 

[andyhtc]

Anyone doing repricing refinancing has done their calculation and research come share ?

Any local uni student alumni in real estate degree which text book title was use for teaching calculation on real estate financing in Singapore context ?

Are you looking at repricing or refinancing for yourself?

If yes, I suggest going for a fixed-rate now if you can secure one around 2.5% for 2-3 years.

I estimate that floating rates will match or exceed the fixed rates now by the end of the year.

 

[iceblendedchoc]

Anyone doing repricing refinancing has done their calculation and research come share ?

Any local uni student alumni in real estate degree which text book title was use for teaching calculation on real estate financing in Singapore context ?

I refinanced 5 years DBS 1.5%. Didn’t do any research, my mortgage broker contacted us herself.

 

[dude123]

I'm on 1.4% fixed 5yr now. Thankful

 

[Tp101s]

1.15 3Y fixed

 

[sohguanh]

Can I ask only fixed for N years once cross will float correct? So you all gambling by N years can pay finish your mortgage loan?

 

[reddevil0728]

Can I ask only fixed for N years once cross will float correct? So you all gambling by N years can pay finish your mortgage loan?

why would it be a gamble?

no package that gives you pepertual fixed no?

 

[sohguanh]

why would it be a gamble?

no package that gives you pepertual fixed no?

For HDB loan almost fixed perpetual 2.6% but for bank loan I guess no. So it is sort gamble correct? Fixed for N years hope can pay finish before it float.

 

[reddevil0728]

For HDB loan almost fixed perpetual 2.6% but for bank loan I guess no. So it is sort gamble correct? Fixed for N years hope can pay finish before it float.

but unless you qualify for HDB loan, bank loan will be your other option. and many are on bank loan.

i don't think it would be right to conclude that can hope to pay finish.

because how likely is it to pay finish most of such loans in 5 years? because that's the typical length of such fix.

 

[sohguanh]

but unless you qualify for HDB loan, bank loan will be your other option. and many are on bank loan.

i don't think it would be right to conclude that can hope to pay finish.

because how likely is it to pay finish most of such loans in 5 years? because that's the typical length of such fix.

So after N years fixed refinance with another bank and repeat? Lucky mine is HDB loan less hassle. Best is don't borrow too much else first N years pay interest only seldom touch the principal cuz for HDB loan I check sibei siong for first N years. All the best to you all new mortgage loaner I finished mine after 15 years dun wan go through all that again

 

[reddevil0728]

So after N years fixed refinance with another bank and repeat? Lucky mine is HDB loan less hassle. Best is don't borrow too much else first N years pay interest only seldom touch the principal cuz for HDB loan I check sibei siong for first N years. All the best to you all new mortgage loaner I finished mine after 15 years dun wan go through all that again

Yea. That’s the usual approach.
Not everybody can buy HDB. And not everybody who can buy HDB can get HDB loan.

 

[battledome64]

I refinanced 5 years DBS 1.5%. Didn’t do any research, my mortgage broker contacted us herself.

I'm on 1.4% fixed 5yr now. Thankful

Can share which bank?

 

[ctan84]

Can share which bank?

No more such rates now. These numbers should be 3rd - 4th quarter of last yr.

 

[dude123]

Can share which bank?

Dbs

 

[tkdboi]

No more such rates now. These numbers should be 3rd - 4th quarter of last yr.

yea 1.5 was pulled in April this year. I was one of the last few batches that got it with DBS.

 

[Abcismyname]

Dbs rising their fixed rates to 2.75% for 2 years

 

[Abcismyname]

Anyone still risking to take floating rate?

 

[BBCWatcher]

Dbs rising their fixed rates to 2.75% for 2 years

That rate is also listed on DBS's Web site as a 3 year fixed rate. It appears DBS has withdrawn their 5 year fixed rate mortgages, or at least they're not mentioned on their Web site.

From what I can tell 2.75% fixed for 2 (or 3) years is not a competitive rate at the moment.

 

[Abcismyname]

That rate is also listed on DBS's Web site as a 3 year fixed rate. It appears DBS has withdrawn their 5 year fixed rate mortgages, or at least they're not mentioned on their Web site.

From what I can tell 2.75% fixed for 2 (or 3) years is not a competitive rate at the moment.

Worried that other banks will follow DBS's bank rate.

 

[lzydata]

DBS has just raised its rates on all home loan packages to 2.75 per cent per annum, placing it the highest among the trio of local banks.

This comes after both UOB and OCBC raised rates on their home loan packages. OCBC and UOB’s fixed rates for 2-year home loan packages are at 2.65 per cent per annum.

About 3 months ago, the DBS rate was 1.65 per cent for a 2-year fixed loan and 1.85 per cent for 3-year loans.

https://www.businesstimes.com.sg/ba...te-to-275-per-annum-highest-among-local-banks