Tag Archives: housing loan

What is UOB FDPR?

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...

What is housing loan amortization?

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...

How does Mortgage Broking works?

  Get Started Here

Continue Reading...

Guide to loan eligibility for HDB purchase

Be it BTO or buying from resale market, knowing how much you can borrow makes your HDB purchase planning much easier and you can also avoid costly mistakes. Bank HDB loan eligibility is based on MSR (Mortgage Servicing Ratio) 30% and TDSR (Total Debt Servicing Ratio) 60%. Maximum loan tenure is capped at age 65 […]

Continue Reading...

Inter-bank rates July 2016

Here are the rates for July 2016. * Rates are rounded to the nearest 2 decimals.

Continue Reading...

Inter-bank rates June 2016

Here are the rates for June 2016. * Rates are rounded to the nearest 2 decimals.

Continue Reading...

Inter-bank rates May 2016

Here are the rates for May 2016. * Rates are rounded to the nearest 2 decimals.

Continue Reading...

Inter-bank rates April 2016

Here are the rates for April 2016. * Rates are rounded to the nearest 2 decimals.

Continue Reading...

Mortgage Loan Terms – What does it mean?

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...

UOB is the latest bank to offer Mortgage Loan pegged to Fixed Deposit Rate

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...