The packages mentioned in the postings supercede those in the posting: http://www.housingbbs.com/Home-L ... hread-5596-1-1.html.
Hi All,
I am a mortgage consultant that has been accredited by the Mortgage Finance Association of Singapore (MFAS). I do not charge my clients any fees because the banks pay me a referral fees. I believe that I add more value than most of the property agents because I have a larger panel of banks than they do, and I do comparative analysis for my clients instead of just asking the individual bankers to call them. If you are very busy with work and spending time with family, do you want to deal with 10 bankers from different banks?
I have access to rates that are unpublished on the banks' websites. Can you imagine how much time you can save by using my free service?
Below are the attractive packages of Banks A, C, D, E and F. All three big local banks are included below. There are packages suitable for people currently within or without lock-in.
BANK A
12 Month SIBOR is currently 1.562% as at Apr 1.
Targeted towards New Purchase (Completed Properties). Refinancing for people Currently With Lock In Penalty, the bank will offer a penalty subsidy of up to 0.5% . 0.5% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.
For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.
Year 1: Apr 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 0.75%
Year 3: 3rd Year 12 Month SIBOR + 1%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%
Targeted towards Refinancing for people Currently WITH lock in penalty, the bank will offer a penalty subsidy of up to 1%. 1% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.
For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.
Year 1: Apr 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 1%
Year 3: 3rd Year 12 Month SIBOR + 1.25%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%
Targeted towards Refinancing for people Currently WITH lock in penalty, the bank will offer a penalty subsidy of up to 1.5%. 1.5% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.
For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.
Year 1: Apr 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 1.25%
Year 3: 3rd Year 12 Month SIBOR + 1.5%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%
Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate . Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.
Year 1: 2.88% (Fixed)
Year 2: 2.88% (Fixed)
Year 3: 2.88% (Fixed)
Thereafter: SIBOR + 1%
Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate . For HDB only. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
For HDB only. Minimum $100K.
Year 1: 2.88% (Fixed)
Year 2: 2.88% (Fixed)
Year 3: 2.88% (Fixed)
Thereafter: CHR (CPF Housing Rate) + 1.58%
Bank C
3 Month SOR is currently 1.35028% as at Apr 1.
Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty. No lock in for this package.
For Private property only. Minimum $300K
Year 1 = 3 Month SOR + 0.5%
Year 2 = 3 Month SOR + 0.75%
Year 3 = 3 Month SOR + 1%
Thereafter = 3M SOR + 1%
Targeted towards Refinancing for people Currently WITH or WITHOUT Lock-in Penalty, 1.5% cash rebate will be given to you. If you are within lock-in, you can use this to pay for your penalty to existing bank. If without lock-in, you can use this cash as you like. No lock-in for this package but cash rebate subjected to clawback pro-rated on an annual basis over three years.
For Private property only. Minimum $200K
Year 1 = 3 Month SOR + 1%
Year 2 = 3 Month SOR + 1.25%
Year 3 = 3 Month SOR + 1.5%
Thereafter = 3M SOR + 1%
This package is valid till April 18.
Bank D
3 Month SIBOR is currently 1.375% as at Apr 1.
Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty. No lock in for this package.
Year 1 = 3 Month SIBOR + 0.7%
Year 2 = 3 Month SIBOR + 0.7%
Year 3 = 3 Month SIBOR + 0.7%
Thereafter = 3 Month SIBOR + 0.7%
Targeted towards Refinancing for people Currently With Lock-in Penalty, we can submit a request for the bank to provide a penalty subsidy. No lock in for this package but the penalty subsidy may be subjected to clawback to be decided by the bank on case by case basis.
Year 1 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
Year 2 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
Year 3 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
Thereafter = 3 Month SIBOR + 0.7%
Bank E
3 Month SOR is currently 1.35028% as at Apr 1.
Targeted towards New Purchase or Refinancing (Completed Properties only). 3 years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1 - 24 mth : 2.75%, 25 - 36 mth : 1.5% during lock-in.
For HDB and Private. Min HDB = $200K, Min Private = $400K
Year 1 = 0% (Fixed)
Year 2 = 3.6% (Fixed)
Year 3 = 4.5% (Fixed)
Thereafter = 3.75% (Floating)
Targeted towards Private Property New Purchase or Refinancing (Completed Properties with CSC only), 2 years Fixed Rate Package with no clawback 1.5% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty:
within 12 mths - 2.5%, 13th mth-24th mth - 1.5%, 25th mth-36th mth - 1% during lock-in.
For HDB and Private. Min HDB = $80K, Min Private = $200K
Year 1 = 2.8% (Fixed)
Year 2 = 2.8% (Fixed)
Year 3 = 2.8% (Floating)
Thereafter = 3.75% (Floating)
Targeted towards Private Property New Purchase or Refinancing (Completed Properties with CSC only). One time free conversion to other packages within bank after 12 months from 1st loan disbursement. No lock in for this package.
For Private property only. Minimum $200K
Year 1 = 3, 6 or 12 Month SOR + 0.7%
Year 2 = 3, 6 or 12 Month SOR + 0.7%
Year 3 = 3, 6 or 12 Month SOR + 0.7%
Thereafter = 3, 6 or 12 Month SOR + 0.7%
Targeted towards Private Property New Purchase or Refinancing (BUC Progressive or Deferred or TOP properties). One time free conversion to other packages within bank after 12 months from 1st loan disbursement. No lock in for this package.
For Private property only. Minimum $200K
Year 1 = 3 SOR + 0.7%
Year 2 = 3 SOR + 0.7%
Year 3 = 3 SOR + 0.7%
Thereafter = = 3 SOR + 0.7%
Bank F
3 Month SOR is currently 1.35028% as at Apr 1.
Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). 1 year Fixed Rate Package. Lock-in for this package is 2 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
For Private Property Only. Min Private = $200K
Year 1 = 2.3% (Fixed)
Year 2 = 2.5% (Floating)
Year 3 = 2.5% (Floating)
Thereafter = 3.75% (Floating)
Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). 2 years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
For Private Property Only. Min Private = $200K
Year 1 = 2.4% (Fixed)
Year 2 = 2.4% (Fixed)
Year 3 = 2.5% (Floating)
Thereafter = 3.75% (Floating)
Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). 3 years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
For Private Property Only. Min Private = $200K
Year 1 = 2.75% (Fixed)
Year 2 = 2.75% (Fixed)
Year 3 = 2.75% (Fixed)
Thereafter = 3.75% (Floating)
Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). Lock-in for this package is 1 year. Partial redemption allowed but outstanding loan after partial redemption must be at least 50%, otherwise 1.5% penalty. Full Redemption Penalty: 1.5% during lock-in.
For Private Property Only. Min Private = $200K
Year 1 = 3 Month SOR + 0.65%
Year 2 = 3 Month SOR + 0.75%
Year 3 = 3 Month SOR + 1.25%
Thereafter = 3M SOR + 1.25%
I offer packages from up to 10 banks, and after finding out your requirements, I will then recommend something suitable for you.
I will update this thread with new attractive packages when available.
Feel free to call me at
91872681, Edward Sim.
