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Latest mortgage rate for housing loan packages, All Mortgagers are welcomed to post...
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^chalaza^
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 Jul 19 2009, 11:15 PM
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hey sifus i'm wanting to make an enquiry regarding the very confusing term/flexi loans available out there. i'm a regular mthly income earner and have recently agreed to purchase a property for investment sake. i've been scouting around for rates and find difficulty trying to digest it all at 1 go. a banker has told me that generally for ppl in my financial category I'd be better off choosing the term loan loan as i do not usually hv a great deal sum of $$$ to gain advantage of the flexi loans.probably mid yr & yr end bonuses to be used as capital prepayments to reduce principle amount. is he right or are there are other things i need to know that banker hasn't told me... many many thanks i need all ur advise...  |
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^chalaza^
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Jul 20 2009, 12:30 AM
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Thank on ur feedback
OCBC seem to have best offer so far
BLR-2% for 1st yr BLR-2.3 thereafter..as my loan amount is small at $144k
I do not need the withdrawal option and hence feel the $10 monthly maintenance fee is unnecessary. (some are even making me pay $200 for account setup)
I plan to settle the loan within 10-15 years by making capital prepayments regularly from my bonuses & mthly income extras.
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^chalaza^
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Jul 20 2009, 12:23 PM
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QUOTE(shchoy @ Jul 20 2009, 10:10 AM) Great to hear that. I believe you can't go wrong with OCBC. I recently did some home loan shopping myself and OCBC is one of those with competitive rates & features. IMO.  www.shchoy.comThe are no Flexi plans available for OCBC I believe (if anyone out there thinks otherwise pls let me know) For capital prepayments a service charge of $10 is subjected per transaction. Hence I’m making an assumption that this plan is a semi-flexi option as it has no C/A tied down to the H/L account but still give u the option to withdraw the cap.prepayments upon notice. I hope my understanding is correct for the above plan  |
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^chalaza^
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Jul 21 2009, 11:12 PM
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QUOTE(jusco1 @ Jul 21 2009, 03:04 PM) OCBC offering -2.5% now... T&C applies... wow!! -2.5% care to elaborate the T&C...tks anyone else heard of this..
Added on July 21, 2009, 11:13 pmQUOTE(jansen_chua86 @ Jul 21 2009, 02:38 PM) I think it should be BLR-2 for first 3 years and thereafter BLR-2.3 for non zero cost  oh yes typo error.thanks This post has been edited by ^chalaza^: Jul 21 2009, 11:13 PM |
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^chalaza^
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Mar 7 2010, 11:09 PM
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guys,thinking to tie down $350 loan to SCB
but in a predicament betwen klibor & std term loan
apparently KLIBOR rates decrease more than BLR during the economic slowdown.
wondering how klibor reacts when BLR inevitably goes up soon
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^chalaza^
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Mar 9 2010, 12:58 AM
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QUOTE(bkfeng89 @ Mar 8 2010, 02:41 AM) Generally i think KLIBOR will track the movements of BLR, benefit of KLIBOR loan is around 0.05 percentage point effective interest rate.. Downside is no flexi loan feature. Need some sifus here to clarify on this Looks like with the BLR increase KLIBOR seem to be a better bet BLR hike seem to happen earlier than expected. However, KLIBOR rates are revised every 3 mths Last time I checked KLIBOR @ 2.25 wef 1st March |
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^chalaza^
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Mar 11 2010, 01:40 AM
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QUOTE(R o Y @ Mar 10 2010, 05:55 PM) There are still some loan packages out there which are lower, pm/email/sms/call me for more info. Regards, haha better point them out to me when we meet  |
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^chalaza^
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Mar 17 2010, 08:57 PM
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QUOTE(R o Y @ Mar 17 2010, 08:41 PM) Nope, but I'm a LengChai mortgage agent  Regards, i can testify to that abang roy haha  |
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