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--- mywiki:my_loan_compare [2015/11/08 08:56] – shaoguoh
+++ mywiki:my_loan_compare [2019/09/15 18:55] (current) – external edit 127.0.0.1
@@ Line 1: / Line 1: @@
+Lawyer Mark: Professional cost 2000
+Tentative date to meet: 11AM or 4PM on Nov 16, 2015, or This Friday ?
+{{:mywiki:sims_residences_offer_purchase.pdf|}}
+| Maybank | $644k | 20 years |
+| DBS | $628k | 20 years |
+| UOB | $610k  |20 years |
+| OCBC |  ?  | ? |
+====== Comment Terms ======
+| Term | Description | Notes |
+| SRFR | Singapore Residential Financing Rate | Per bank, for maybank, currently is about 3.75% p.a, \\ revised   by 30 days notice |
+| RBR | Renovation Loan Board Rate |  |
+| FHR 18 | Fixed deposit home rate: \\ 18 months Singapore Dollar fixed deposit rates for amounts \\ between S$1,000 to S$9,999 | DBS currently is 0.5% p.a |
+| SIBOR | Singapore Interbank Offered Rate \\how much it would cost banks to borrow from each other. | Singapore, currently 3 month's 1.07% \\ 12 month's 1.25% |
+| FDMR | fix deposit mortgage rate | OCBC currently 0.65% |
+====== Home Loan Interest ======
+===== Maybank =====
+{{:mywiki:loan_maybank.png|}}
+==== Question ====
+What's the terms and conditions, esp for 2 years refinance ?
+Any difference on refinance if with another banks, not maybank any more ?
+===== DBS =====
+{{:mywiki:dbs_3year.jpg|}}
+{{:mywiki:dbs_fhr18_135.jpg|}}
+{{:mywiki:dbs_fhr18_125.jpg|}}
+{{:mywiki:dbs_fhr18_115.jpg|}}
+{{:mywiki:dbs_fhr18_105.jpg|}}
+==== Question ====
+On the 0ct 1, the fixed 2 years is 1.98%, but now seems increased to 2.28% with fixed 3 years ?
+What is MyProtector Mortgage ?
+Commencement Date 3 months from the date of Letter of Offer or first disbursement of the Housing Loan, whichever is earlier  ??
+What does the commitment fee mean ?
+What does the admin fee mean ?
+What does the cancelling fee mean esp for FHR18 + 1.35 without any committed period ?
+===== UOB =====
+{{:mywiki:uob_home_loan.jpg|}}
+==== Question ====
+Can refinance after lock in ?
+What's the terms and conditions for refinance ?
+Any difference on refinance if with another banks, not maybank any more ?
+===== OCBC =====
+Months fix deposit mortgage rate which is currently at 0.65%.
+years lock:
+Year 1-3: FDMR + 1.03% ( 0.65 + 1.03 = 1.68% )
+*FREE conversion to another package if the Fix deposit rate increases*
+*2years lock in. After 2years customers are allowed to fully redeem the loan.
+==== Question ====