What is UOB FDPR?
- 17
- Jul

With UOB joining the ranks of changing from using 36 Months Fixed Deposit Rate to 15 Months Fixed Deposit Rate. UOB call their FD linked mortgage index as FDPR (Fixed Deposit Property Rate). Like DBS FHR9, 15M FDPR would means its is pegged to UOB 15 months fixed deposit rate which is currently 0.25%. A typical […]
Continue Reading...- MyMortgage.sg Team
- General, Knowledgebase
- Post Tagged with 15M FDPR, 36M FDPR, FDPR, fixed deposit, fixed deposit linked mortgages, housing loan, mortgage, UOB
- No Comments.

Most car loans are based on simple interest (Loan Amount x Interest Rate x Loan Tenure), which means even if you made an early full loan redemption, you still pay the same amount of interest to the lender. On the other hand, Amortized loan such as a mortgage loan, interest is charged till the point […]
Continue Reading...- MyMortgage.sg Team
- General, Knowledgebase
- Post Tagged with amortization, best practices, housing loan, interest
- No Comments.

This is a tax which IRAS will levy on the selling price (or valuation whichever is higher) of the property when you sell it within the “minimum holding period” to deter property flipping. The Date of Purchase is based on (not the date of issuance for OTP or S&P) Exercised Date of […]
Continue Reading...- MyMortgage.sg Team
- General, Knowledgebase
- Post Tagged with IRAS, Part Purchase, residential, Seller Stamp Duty, SSD, Stamp Duty, tax
- No Comments.
What is HPS?
- 17
- Nov

You have been hearing from your friends, colleagues, family and relatives that you need to buy this HPS when you buy a HDB flat from the resale market or direct from HDB. so what is HPS exactly? HPS is a Mortgage Reducing Term Assurance (MRTA) which HDB called it Home Protection Scheme. This is a plain […]
Continue Reading...- MyMortgage.sg Team
- General, Knowledgebase
- Post Tagged with CPF, HDB, HDB loan, HDB Loan Eligibility, home loan, HPS, insurance, mortgage-insurance
- No Comments.

Here are the explanation for the different terms you would commonly see in a bank’s letter of offer. 1.Commitment Period (Lock-in Period) 2.Cancellation fee 3.Interest Review Date 4.Loan commencement date Commitment Period (Lock-in Period) Like signing a mobile phone contract from a telco, you are “stuck” with the bank for that particular period. […]
Continue Reading...- MyMortgage.sg Team
- Knowledgebase
- Post Tagged with clauses, DBS, housing loan, interest, interest rates, loan package, Sibor, SOR, tips
- No Comments.

Since 2007, the mortgage market is dominated by mainly Sibor/SOR, Fixed Rate and board rate package. In 2014, DBS is the first bank to offer mortgage loan package pegged to their fixed deposit rate (FHR). In late 2015, OCBC launched their own version called FDMR36. So how does this type of rate works? When DBS first launched […]
Continue Reading...- MyMortgage.sg Team
- General, Knowledgebase
- Post Tagged with 36FD MR, DBS, FHR, FHR18, housing loan, interest, interest rates, loan package, Sibor, SOR, UOB
- No Comments.
A Happy 2016 to you guys! Here is the first mortgage news update of the year. DBS FHR is increasing for the first time since its inception in 2014. Tip: What is DBS FHR? DBS customers on the FHR home loan packages have been receiving letters from the bank informing them about the upcoming increase in their FHR rates. […]
Continue Reading...- MyMortage Team
- General, Knowledgebase
- Post Tagged with 2016, DBS, FHR, housing loan, interest rates
- No Comments.
What is DBS FHR?
- 02
- Jan
You might have been hearing about this FHR from friends, property agents, bankers etc. So exactly what is it? With all the banks competing in Sibor/Sor/Fixed rate loan packages, DBS has came up with a new index called FHR (Fixed Deposit Home loan Rate) in April 2014 to better compete in the market. The first […]
Continue Reading...- MyMortage Team
- Knowledgebase
- Post Tagged with 36FD MR, DBS, FHR, FHR18, housing loan, interest rates, OCBC, rates
- No Comments.
What is Sibor and SOR?
- 02
- Sep

News media have been publishing about Sibor or SOR hitting the roof or going rock bottom, so what has it got to do with housing loan? Let me explain here, Singapore Inter-bank Offer Rate (Sibor) is a reference index that defines the interest rate the banks is going to charge when they lend money to each other […]
Continue Reading...- MyMortgage.sg Team
- Knowledgebase
- Post Tagged with Sibor, SOR
- No Comments.

In a new launch show-flat, you spoke to a banker and he showed you this package. Here’s how to interpret the package. Bank’s Margin / Spread This 0.75% portion is known as the bank’s margin/spread. This is an annual rate. It will not change unless the bank invokes Interest rate review clause (some banks called it Right to […]
Continue Reading...- MyMortgage.sg Team
- Knowledgebase
- Post Tagged with clauses, housing loan, interest, loan, loan package, right to review, Sibor, SOR, tips
- No Comments.