SIBOR or SOR?

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.

Housing Expense

Housing expense is the monthly amount a borrower has to make towards the mortgage, property taxes, association fees, and related insurance premiums.

It can be used by lenders for assessing borrower profiles during underwriting.

It is also most commonly used to compute housing expense ratio.

This ratio is used to calculate the ratio of housing expense against a borrower’s income.

Thus, showing how taxing these expenses are to the borrower, and whether he will be able to afford the home loan he is requesting.

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