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.

Maturity

The maturity of a loan refers to the date or period where the last payment is made according to the repayment schedule.

When maturity is mentioned it is usually used to refer to the end of the term, or last day, of the home loan.

When a banker says something like “The loan matures in June 2025”, it means that the loan would be fully repaid by the borrower assuming the borrower makes payments according to the repayment schedule without any events that affect the schedule.

Once fully repaid, the homeowner becomes the outright owner on the property title and any liens the bank has on the house will be released.

Don’t confuse it with the maturity of insurance policies.

When maturity is mentioned in housing loans, it has nothing to do with insurance.

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