Dear friends, just a noob question.

For any new property that one has placed a booking fee, do we need to comply the 14 day period to pay the 10% deposit or we can ignore it and just wait for the developer to call up to start paying the 10% deposit?

Appreciate your feedback.

Thank you.

Dear friends,

The question that I'm about to post maybe a repeated question.
If there is already a discussion on it, maybe you can point me out to the correct direction.

I'm about to ask about the mortgage package, whether to take a full flexi or a conventional term loan package.

I've received some info from a banker and would like to know the perspective from the person / people themselves who are currently serving the mortgage / loan package in term of advantages and disadvantages between these two types of loan / mortgage packages.

Thank you and your comments are greatly appreciated.

Does it make a lot difference when,

Bank A offering BR + 1.XX = 4.45%
vs
Bank B offering BR + 0.XX = 4.45%

BR for Bank A is lower than Bank B.

Any idea which is a better bet?

Up to now, I still don't have a clear picture on this?

Thanks for your prompt reply, ims2628.

1) May I know what is LO?
2) What kind of "better" facilities and services that a bank can offer.
(Maybe you can quote some examples)

Thank you.

I see... thank you, ims2628.

From your opinion,

Do you think for a bank with a lower BR (eg: Bank A) will have a higher fluctuation tolerance compared to a bank with a higher BR?

Yup, kind of curious.
Up to now, all these BR +Spread / relative profit margin still does not have any clear defintion and probably dictated by the individual banks.
That's why I'm still a bit sceptic and confused at the same as of which bank to choose.


One more question, I'm not sure whether this is the correct thread.
I just would like to know if we are buying a property from the developer and the construction is still in progress, we are required to pay for the interest during the construction.

How does this go about?
Does this interest amount goes through the bank via loan or we need to pay the interest on our own to the developer?

Appreciate some feedbacks.

Thanks.

Another noob question here.

I was wondering whether it is ok for us to sign SnP (for new property) prior to choosing the "best" bank that is in progress in preparing their LO letter?

Thank you.

This post has been edited by eastern: May 11 2015, 12:15 PM

I see. Thanks for the advice.
I was wondering why is it a risk?

Furthermore, how long would it take for us to sign the SnP after we have signed the LO? A day after - is it fine or need to wait until the bank gives the green light?

Hi,

Just curious, what is the cost for the

i) Disbursement
ii) loan stamp duty?

How is it calculated for each item?

Thank you.

Yes.. the LA disbursement fee & Stamp Duty.

Thank you