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.


Forbearance occurs when a bank agrees not to take further steps towards foreclosure, and in return a borrower agrees to commits to a special payment plan that will eliminate the delinquencies.

The word might not be used often.

But an agreement to a special payment plan due to repayment difficulties is a forbearance agreement.

Despite what most people think about having no leeway with banks, such forbearance agreements actually happen very often.

When we consider that writing off a home loan as bad debt or going through the foreclosure process can be something every party wants to avoid, it makes perfect sense that lenders would go to great extents to work with borrower in financial trouble.

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