Housing Loan Singapore

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.

Property

Quick Home Decor Tips Before Renting Out Your Investment Property

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Budget decorating ideas are among the most creative and important elements to being a good property investor and landlord. It’s easy to decorate a place with limitless funds, however, keeping a low budget while enhancing the perceived value of your property requires imaginations. It is also important to stay organized when decorating on a shoestring budget. This is even more so for shoebox apartment units.

Therefore, you may want to follow these steps for decorating and make sure that you stay within the budget, while looking like a professional landlord.

The first budget home decor tip is to decide on your budget, and to calculate your cash flow so that you don’t fall short of cash while decorating. Don’t forget to factor in the cash needed for electronics, appliances and accessories.

Decorate one room at a time. Managing everything at one go can cause a lack of focus. If you are really short on funds, renting out 1 room at a time can help to alleviate your cash flow. Then move on the next room when the rentals start coming in.

For each room, have a plan, including its theme, style, color scheme, and overall ambience. Set a completion date and stck to it. Time is money when it comes to rentals.

Home decorating on a budget can make or break your bottom line, so make sure that give it enough priority. The last thing you want is for potential tenants to demand discounts because of something that you have slightly overlooked. You want to remove every excuse a tenant can use for rebates.

A common mistake is not taking concise measurements. Draw up a plan of the rooms to scale. Include windows and doors, and choose a focal point in the room. Only then can you plan with precision.

Measure all of your furniture, electronics, and create furniture cut-outs that are drawn to scale. Move them around and visualize the perfect layout before moving things around. This will save you time and effort. Make it appealing to the type of tenant you want to attract.

Ceiling height and traffic flow also has to be taken into consideration. Remind yourself that just because you’re using budget decorating ideas, it doesn’t mean that the home decor has to look cheap.

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SIBOR 14 Jun 2018

1 Month 1.40009
3 Month 1.52038
6 Month 1.66171
12 Month 1.85096

SOR 14 Jun 2018

1 Month 1.39053
3 Month 1.56581
6 Month 1.67225

How Does SOR Rates Hit Negative Value?

SOR rates are calculated with a complex financial formula, solved with simple algebra. The results of solving the equation therefore depends on the inputs used. Varying inputs that result from economic impacts and indicators can lead to negative value when the formula is solved. Key input indicators include USD/SGD spot rates and USD/SGD forward rates.

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.

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.