Housing Loan Singapore

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Providing online home loan services since 2009

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.

Definition

Caveat

A caveat is a legal notice filed by a person or entity for a claim of interest in a property.

This legal document is lodged with the Singapore Land Authority (SLA).

When a property buyer approaches closing, he would lodge his own caveat with the authorities to legally claim interest on the property.

This is usually a formality after the execution of a sales and purchase agreement or exercising of an option-to-purchase.

This basically means that anyone who buys the property or claims it later would have to “go through you”. It also prevents fraudster from seller real estate which they do not own.

During the process of closing, the real estate agent or law firm would perform a title search to ensure that there are no unusual caveats filed on the property so that the new owner can legally takeover ownership in peace.

When an unidentified claimant to the property is discovered, meaning an encumbered property, then the buyer’s team would have to find legal means to remove them. Otherwise, the buyer would have to settle with the claimant in order to proceed with closing.

It’s not often that people find unknown caveats filed on property. And if so, one would have to seek the advise of lawyer to help solve the problem.

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What We Do For You

We Gather And Provide You Information On The Best Housing Loans In Singapore So That You Can Make A Better Decision Based On What Is Available In The Market

Which bank do you recommend for home loans in Singapore?

We don't recommend banks. We recommend you the best home loan that suits your profile and financial position.

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.
Want to see housing loan interest rate trends for the last 36 months?

Enter your email below so we can send it to you.

It makes absolutely no sense to pay more
than you have to on a home loan.

Find the best mortgage rates here
SEE RATES
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It makes absolutely no sense to pay more than you have to on a home loan.

Find the best mortgage rates here
VIEW TODAY'S RATES
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