Table of Contents
Lawyer Mark: Professional cost 2000
Tentative date to meet: 11AM or 4PM on Nov 16, 2015, or This Friday ?
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
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
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
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
36 Months fix deposit mortgage rate which is currently at 0.65%.
2years 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.