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I have access to rates that are unpublished on the banks' websites.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?
I welcome people to ask me for advice even if they do not get the loan from me. My aim is to build up my client base through recommendations.
Below are the attractive packages of Banks A, B, C, D and E. There are packages suitable for people currently within or without lock-in.
BANK A
12 Month SIBOR is currently 1.578%
Targeted towards New Purchase (Completed Properties) and Refinancing for people Currently WITHOUT lock in penalty. 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 $200K.
Year 1: March 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%. This is used to pay the lock in penalty to your current bank. If your lock in penalty is 1.5%, the rest you have to fork out. 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 $200K.
Year 1: March 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 New Purchase or Refinancing for people Currently WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
For Private Property only. Minimum $200K.
Year 1: 2.88%
Year 2: 2.88%
Year 3: 2.88%
Thereafter: SIBOR + 1%
Targeted towards New Purchase or Refinancing for people Currently WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. 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%
Year 2: 2.88%
Year 3: 2.88%
Thereafter: CHR (CPF Housing Rate) + 1.58%
Bank B
New Purchase or Refinancing. 3 years Fixed Rate Package. Full Redemption Penalty: 1% during lock-in. Lock-in for this package is 3 years.
For Private and HDB. Minimum $300K
Year 1 = 1.68%
Year 2 = 2.68%
Year 3 = 3.38%
Thereafter = 3.75% Floating
This package has been extended until March 20.
Targeted towards Currently WITHOUT
Targeted towards Currently WITHOUT
Targeted towards New Purchase or Currently WITHOUT
For HDB and Private. Min HDB = $100K, Min Private = $200K
Targeted towards Currently
For HDB and Private. Min HDB = $100K, Min Private = $200K
Targeted towards New Purchase or 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
Targeted towards Private Property New Purchase or 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
Please refer to this post for most updated packages: Added some amendments, more Bank E packages and new Bank F packages
BANK A
12 Month SIBOR is currently 1.578% as at March 3.
Targeted towards New Purchase (Completed Properties) and Refinancing for people Currently WITHOUT lock in penalty. 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: March 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%. This is used to pay the lock in penalty to your current bank. If your lock in penalty is 1.5%, the rest you have to fork out. 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: March 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 New Purchase or Refinancing for people Currently WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. 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 WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. 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 B
New Purchase or Refinancing. 3 years Fixed Rate Package. Full Redemption Penalty: 1% during lock-in. Lock-in for this package is 3 years.
For Private and HDB. Minimum $300K
Year 1 = 1.68% (Fixed)
Year 2 = 2.68% (Fixed)
Year 3 = 3.38% (Fixed)
Thereafter = 3.75% Floating
This package has been extended to March 28.
Bank C
3 Month SOR has been hovering between 1.28% to 1.8% for the past 3 weeks.
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%
Bank D
3 Month SIBOR is currently 1.5625% as at March 3.
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 1.3661% as at March 25.
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 1.3661% as at March 25.
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%
Year 3 = 2.5%
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%
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%
Feel free to call me at 91872681, Edward Sim. :D
Some packages have been withdrawn and some new packages added. Please refer to updated packages still available below.
BANK A
12 Month SIBOR is currently 1.562%
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 only. Min $100K, but legal subsidy only for loan >$200K.
Year 1: April 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 only. Min $100K, but legal subsidy only for loan >$200K.
Year 1: April 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 only. Min $100K, but legal subsidy only for loan >$200K.
Year 1: April 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 0.75% cash rebate (Cash Rebate only for New Purchase). Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
For Private only. New Purchase: Min $100K, but legal subsidy only for loan >$200K. Refinancing: $300K.
Year 1: 2.98%
Year 2: 2.98%
Year 3: 2.98%
Thereafter: SIBOR + 1%
Targeted towards New Purchase, 3 years fixed interest rate with no clawback 0.75% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
For Private and HDB. For HDB: Min $100K. For Private: Min $100K, but legal subsidy only for loan >$200K.
Year 1: 2.98%
Year 2: 2.98%
Year 3: 2.98%
Thereafter: CHR (CPF Housing Rate) + 1.58%
Targeted towards New Purchase: 1st time buyer of HDB or Private, where at least one of the owner is a 1st time buyer, or 1st time upgraders from HDB to Private, for owner-occupied purpose. (Available to both BUC and Completed Properties). There is a 7 days return policy. 3 years fixed interest rate with no clawback 0.75% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
For Private and HDB. For HDB: Min $100K. For Private: Min $100K, but legal subsidy only for loan >$200K.
Year 1: 2.98% (Fixed)
Year 2: 2.98% (Fixed)
Year 3: 2.98% (Fixed)
Thereafter: CHR (CPF Housing Rate) + 1.58%
12 Month SIBOR is currently 1.562%
Targeted towards Currently WITHOUT
Targeted towards Currently WITHOUT
Targeted towards Currently WITHOUT. years Fixed Rate Package. Lock-in for this package is 2 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
Targeted towards Currently WITHOUT. years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.
[u][b][color=red]Targeted towards New Purchase or Currently WITHOUT/color][/b][/u]
[u][b][color=red] ]Targeted towards New Purchase or Currently WITHOUT [/color][/b][/u]
3 Month SOR is currently 1.28829%
Targeted towards Private Property New Purchase or . One time free conversion to other packages within bank after 12 months from 1st loan disbursement.
Targeted towards Private Property New Purchase or . One time free conversion to other packages within bank after 12 months from 1st loan disbursement.
Targeted towards Private Property New Purchase or 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.
Targeted towards Private Property New Purchase or 3 years Fixed Rate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1% during lock-in.
3 Month SOR is currently 1.28829%
Targeted towards New Purchase or 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
Targeted towards New Purchase or . 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
Targeted towards New Purchase or . 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
Targeted towards New Purchase or . 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
@ 9187 2681 or [email protected] to find out more.
Hi All,
Last call for Bank A's packages which are DBS. They are withdrawing packages after June 30, so as of today there is still 6 working days before the Letter of Offer has to be signed by latest, June 30.
Till date, of the other few big local and foriegn banks, 2 have raised their 3 years fixed rate to 4.18% while another 2 have increased to 3.98%.
So for people who have bought HDB or Private that are already TOP or nearing TOP in the next 3 months, you may still apply for DBS Fixed 3 years @ 2.98% with 0.75% cash rebate.
As for those who are currently not with POSB/DBS, whether you are still within lock in or already out of lock in, you may apply for DBS Fixed 3 years @ 2.98% with 0.75% cash rebate.
For those who have bought BUC properties that are either Deferred Payment or Progressive Payment, you may like to apply for DBS package which is 12M SIBOR + 1% which has no lock in so there is so partial or full redemption penalty for disbursed loans, with only 0.75% cancellation charge for the undisbursed portion. As SIBOR is on the upwards trend with 1.92% as at June 19, if you sign the Letter of Offer in June, you can still enjoy the June 2 SIBOR rate of 1.687%, which brings your rate to 2.687% fixed for 12 months without any lock in penalty, except the cancellation charge of 0.75% for undisbursed portion.
Since I have already publicised that Bank A is DBS, those who have read are welcome to approach them directly. But if you would like to use my service and let me earn some referral fees, and also for appreciation of me sharing all the information upfront, please contact me, Edward Sim @ 9187 2681 or [email protected] to find out more. I do not charge customers for the service