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.


A lien is a right of legal claim against a property should the borrower be unable to repay his debt.

For almost all mortgages, lenders place a lien on the property as soon as the offer letter is accepted and signed by the borrower.

This gives them a claim to the house should the homeowner be unable to repay the loan and default.

The house acts as a collateral for a secured loan.

There are various types of liens third parties can place on a property.

For example builders can place a lien on a house to ensure that they get paid for their improvement work on it.

But the most common is the mortgage lien.

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