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.

Latest SIBOR And SOR History Trends Chart

SIBOR and SOR are index rates where Singapore banks lend to one another. It is basically the interest a bank has to pay for a loan from another bank. This index is used commonly as a base for home loans in Singapore.

It will therefore be common to see home loans with a rate like Read more

TDSR – What You Should Know About Calculating Debt Ratio

Most people understand the basic methods to calculate how much they can borrow. It is basically a percentage of monthly income minus the monthly debt commitments of the borrower. The remaining amount will then determine how much an instalment the borrower will be able to service on a housing loan. This figure can then reveal Read more

Housing Loan – A Comprehensive Guide To Mortgage Choices In Singapore

You don’t have to feel embarrassed for knowing close to nothing about what are the best interest rates, what is the current SIBOR, or what types of mortgage structures are available. Buying a house is not something we do every week like visiting the supermarket. For something that the average person does only a few Read more

Refinance Home Loan To Slash Your Existing Mortgage Rates

If you are currently paying 3% or more on your housing loan, it does not take a genius to realize that it is time to refinance now. This is especially so when there are home loan deals in the market at 1% fixed rate. Home loan interest rates are at their lowest point in years. Read more

Shopping For A Housing Loan

How to shop for a housing loan in Singapore A lot of banks (if not all) in Singapore provide housing loans. It is normal if you find it confusing. You can actually find it really easy to compare mortgages if you understand the basic facts about them. Ask yourself the following questions before seeking out Read more

More About Housing Loans

Housing loans are loans you take up to purchase your house. The home loan is secured against the house that you are buying. In financial jargon, housing loans can be referred to as mortgages. Your house, condominium, HDB flat, landed property, etc, is the collateral used in the loan transaction. The loan quantum is determined Read more

Loan To Value Singapore Limit And Ratio – LTV Mortgage Explained

Effective 6 July 2018

1) Loan to value capped at 75% or 55% for home loans from the bank if more than 30 years or extends past the age of 65.

2) Home equity loan LTV capped at 75% for borrowers without existing housing loan when funds used to buy property.

3) Home equity loan Read more

Choosing Home Loan Mortgage Rates For Under Construction New Launch Condo Property (BUC)

With all the new launch condos going on at the moment, it is not a surprise if you have bought one or seriously considering buying one whether it is your first property, second property or simply an upgrade. Well choosing and buying your under construction (BUC) condominium property is only the first part of the Read more

Home Loan Comparison Singapore – 7 Mortgage Terms To Choose And Decide On

The chief purpose of any home loan is to help you fund a property purchase that you cannot otherwise afford to pay fully in cash. Such is the practice these days that a buyer will most probably end up with a pile of home loan offers to choose from.

Nobody wants to pay more than Read more

Pre Approved Home Loan

Pre-approved home loans are housing loans that are conditionally finalized before you have picked a HDB flat or private property to purchase. This helps you to have a better understanding of the properties that you can afford to buy. In principle approval home loans eliminate so much extra hassle that some real estate agents in Read more