J96949 Neutral Newbie May 12, 2011 Share May 12, 2011 Hi everyone I just purchased a Pte Property for home stay but now, I'm having headache gng thru all the offers by various banks. Should I take variable or Sibor Packages? Hmm... ↡ Advertisement Link to post Share on other sites More sharing options...
Chemmie78 Clutched May 12, 2011 Share May 12, 2011 Hi everyone I just purchased a Pte Property for home stay but now, I'm having headache gng thru all the offers by various banks. Should I take variable or Sibor Packages? Hmm... take ocbc variable rate....heard it's best in the market now Link to post Share on other sites More sharing options...
J96949 Neutral Newbie May 12, 2011 Author Share May 12, 2011 Thanks Bro but pls enlighten me when will the variable rate increase hur? Link to post Share on other sites More sharing options...
Edwardthy 1st Gear May 12, 2011 Share May 12, 2011 u can try POSB or MAYBANK Link to post Share on other sites More sharing options...
Old-driver 5th Gear May 12, 2011 Share May 12, 2011 Thanks Bro but pls enlighten me when will the variable rate increase hur? Dependent on the Fed rates... but dunoo when Link to post Share on other sites More sharing options...
Aristotle 5th Gear May 12, 2011 Share May 12, 2011 Wah. If anyone can predict when interest rate increases, then he will be George Soros in disguise. Haha! Seriously, if you cannot take the heat of increasing interest rate, then either take the fixed rate or a smaller loan Link to post Share on other sites More sharing options...
Ladykillerz 4th Gear May 12, 2011 Share May 12, 2011 Hi everyone I just purchased a Pte Property for home stay but now, I'm having headache gng thru all the offers by various banks. Should I take variable or Sibor Packages? Hmm... approach a financial advisor who is expert in property loan. he/she will source for you the best offer that suits you plus with a lowest interest rate, which bank is not important after all. end of the day, he/she will get commission from the bank, not from you. don't worry. =p Link to post Share on other sites More sharing options...
Chemmie78 Clutched May 12, 2011 Share May 12, 2011 Thanks Bro but pls enlighten me when will the variable rate increase hur? variable rate is peg to bank's board rate which generally lags behind movements in sibor which can be swift and fast if fed hike rates....middle ground i think bearing in mind interest rates prohbably only have one direction to go Link to post Share on other sites More sharing options...
Hamtaroo Neutral Newbie May 12, 2011 Share May 12, 2011 Can call housing loan broker, like this guy Dennis Ng appear on tv all the time http://www.housingloansg.com/web/ he can recommend you which bank got special rate etc ... i tink he earns commission by recommending you to say ABC bank, just like when buying brand new car, when take the car loan the bank give the SE commission, based on the loan quantum and how many years loan, same theory. Link to post Share on other sites More sharing options...
Asd78 Clutched May 12, 2011 Share May 12, 2011 Then wouldn't his views be skewed towards the bank giving him the best comm? Link to post Share on other sites More sharing options...
Chemmie78 Clutched May 12, 2011 Share May 12, 2011 Then wouldn't his views be skewed towards the bank giving him the best comm? of cos but now all banks pay crappy commission so doesn't matter Link to post Share on other sites More sharing options...
Davinci Clutched May 12, 2011 Share May 12, 2011 Hi everyone I just purchased a Pte Property for home stay but now, I'm having headache gng thru all the offers by various banks. Should I take variable or Sibor Packages? Hmm... Take fixed rate and lock it in for as long as possible. Link to post Share on other sites More sharing options...
Jamesc Hypersonic May 12, 2011 Share May 12, 2011 Take variable rates. Rates are not going up anytime soon. Link to post Share on other sites More sharing options...
Davinci Clutched May 12, 2011 Share May 12, 2011 Take variable rates. Rates are not going up anytime soon. Nonsense! You must be working for a bank. Link to post Share on other sites More sharing options...
Mahjong74 Supercharged May 12, 2011 Share May 12, 2011 (edited) http://www.smartloans.sg/homeloan hope it helps btw, the home loan interest rate from most banks just increase across the board Edited May 12, 2011 by Mahjong74 Link to post Share on other sites More sharing options...
Atonchia Supersonic May 12, 2011 Share May 12, 2011 Thanks Bro but pls enlighten me when will the variable rate increase hur? Ask such a difficult question Here are some stuff to digest, so once you get a rough idea what cause interest rate to rise, what are the contributing factors that influence the decision makers to raise the interest rates, what other things can be done.... then use you own gut feel if you think it will rise of fall. See Below: India raises interest rates to curb inflation http://www.bbc.co.uk/news/business-12274015 Indonesia Refrains From Raising Rates for Third Month to Boost Slow Growth http://www.bloomberg.com/news/2011-05-12/i...owth-eases.html Global economic outlook http://www.imf.org/external/pubs/ft/weo/2011/01/pdf/text.pdf US outlook http://www.money-rates.com/fed.htm Singapore outlook http://www.mas.gov.sg/resource/publication...Apr11_Chap3.pdf Rates http://www.mas.gov.sg/data_room/msb/domest...rest_rates.html Link to post Share on other sites More sharing options...
Maldini03 1st Gear May 12, 2011 Share May 12, 2011 (edited) take ocbc variable rate....heard it's best in the market now Totally wrong... OCBC variable rate is the highest right now. how can you say it is the best? Edited May 12, 2011 by Maldini03 Link to post Share on other sites More sharing options...
Maldini03 1st Gear May 12, 2011 Share May 12, 2011 (edited) Thanks Bro but pls enlighten me when will the variable rate increase hur? Yes as asomeone mentioned FED FUND RATE. But going by their current economy and USD, probably have to wait for sometime. ard 1-2 yrs? Edited May 12, 2011 by Maldini03 ↡ Advertisement Link to post Share on other sites More sharing options...
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