Hi,

I received an offer from OCBC.
They said is a special offer.

Loan Amt : 240k
Interest : BLR -2.1%

Is it recommended? What else I should take note?

Any OCBC loan officers can confirm?
Cos so far, I asked 2 person, both of them said the same.
BLR-2.1%

Lock in period 3 years..
Legal fees we need to bear..is it normal?
If we buy second hand condo,is it normal to pay for valuation,bank legal fees,s&p legal fees,stamp duty..what else?
Appreciate some advice

fainted..any idea how much I need to allocate for all these charges?

Hi,

Any HSBC mortgage officers around?

hi,

How bout Citibank? Any review of the housing loan of Citibank?

Hi,

Anyone know the package in Hong Leong Bank for condo 250k?

Thanks a lot..cos that owner said his valuer is for HLB that can give this price..

Hmm..i still dont know which bank loan suits me..
BLR or fixed for whole tenure?
Dont plan to sell off this property in a short period..
if BLR keep increasing, then hard to keep up..
but if pay the fixed rate, means i need to start pay high interest start from now..

but how bout in long run? if now ok, then BLR keep increasing, very hard to keep up..

Hi wiltz,

thanks for the reply.thinking to get this fixed for 3 years plan.at least these 3 years,dun need to worry for blr increase..
But 3 years later,the rate will be lousier la..hehe..
So all got pro n cons.

Hi,

Any comments on UOB? will the disbursement take a long time?

Hi,

I need some help on which loan offer to sign.
This condo that we bought for investment purpose. It is currently tenanted

Bank 1 :
1-3 years : Fixed 4.15
Thereafter : BLR - 1.9

Bank 2 :
BLR-2.25

Bank 3:
1-3 years : fixed 4.4
BLR - 2.30
which one to take?

This post has been edited by childish_gal81: Sep 22 2010, 08:40 AM

yea..its BLR-2.3

Bank 2 is HSBC, bank 3 - havent approve..
So, bank 1 is totally out?

Bank 1 is ocbc,OCBC can offer better?
may I know how to do the calculations?
Some said should take fixed rate at least this 3 years will not be impacted with blr increase.

If use this method,bank 3 is the most secure..cos this 3years,blr fixed.in long term it's better.

Maybank..but still not sure if they can give this rate..
Scare they over promised end up can't deliver...

hi prody,

Thanks for the advice.
Yea, now waiting for Bank 3 reply. Hope they can keep their words..even though a bit unlikely..

Hi alex,

that's the one that makes the difference.
If compare first 3 years,OCBC is much better..hehe

Once I get the offer letter,will update here.
Don't really trust the loan officer till I see in black n White