SIBOR is generally more stable while SWAP tend to fluctuate more. However 3-month SWAP has recently stayed consistently lower than 3-month SIBOR for an extended period of time. SOR is also very reactive to currency exchange rates.

Which bank offers the best home loan deals?

Interest rates and spreads are not all that matter. Don't ignore the closing costs involved. Different banks can have different customized home loans for you. Don't be surprised if you will save more on a home loan that charges more interest because of the lesser closing costs involved. This is especially so if you know that you will refinance your home loan as soon as the lock in period has expired.

HDB loan or bank housing loan?

Our opinion is to always take a HDB concessionary loan if you are eligible for one. One of HDB's objectives is to to provide affordable housing for the people. While a bank is profit driven.

Due On Sale

Due on sale is a clause contained in home loan contracts that allows banks to demand full repayment of the loan balance should the property be sold.

This is to prevent the possibility of financing a home that don’t belong to a borrower.

Moreover, if the bank don’t demand payment from the borrower when he has collect the sales proceeds of a sale, the possibility of full repayment diminishes with each passing day.

There is no going around this provision.

There is no chance of a lender allowing a loan to be retained by a borrower should the house, which is the collateral, be sold.

Want to see housing loan interest rate trends
for the last 36 months?

Enter your email below so we can send it to you.