Need advice on home loan
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Hi, I'm buying a condo and looking to take a home loan. Should I go through agents or approach banks directly? What are the pros and cons? Thanks!
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Never ever go to agents, they suck comissions, go direct to bank, but choose carefully as those who promise low or lowest interest rate will raise their rate after few years, I suggest POSB....
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Agreed!
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You can go your nearest bank and give loan application or concern for loan agent they may help you.
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Try going to a few banks to compare before deciding. Dont agree immedaitely as the advisors can be quite pushy
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DBS bank -
How much you need to earn to buy a condo?
$1800 monthly salary can?
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Depend on the price of your condo loh.......
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Originally posted by charlize:
How much you need to earn to buy a condo?
$1800 monthly salary can?
can
condo de toilet
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What you should know before choosing a home loan package
Selecting the right mortgage for your house may be an overwhelming process for some. Maybank offers the lowdown on what to consider before making your decision.
When taking up a home loan, there are some things to consider. Knowing what these key considerations are and making the right decision based on your needs are important so that you get more value from the right option.
One important consideration is the type of interest rates which could be broadly classified into fixed rates or floating rates. Popular floating rate home loan packages include those pegged to the Singapore interbank Offered Rate (SIBOR) or the Swap Offer Rate (SOR). While one may be able to capitalise on the current low interest rate for home loans that are pegged to the SIBOR, such rates are subject to market movements.
Home buyers may want to choose a fixed rate home loan package when the market is in a low-interest environment. Although priced higher, fixed rate home loans offer the certainty of interest rate and allow for better loan commitment planning.
It is also important to remember that some home loan packages come with a commitment period, within which you will be required to pay a fee in the event of capital prepayment.
At the end of the day, there is no one-size-fits-all option. That said, the general sentiment is that fixed rate options tend to be the popular option when there is the expectation of future interest rate increases. Maybank offers customers both fixed and floating rate packages to cater to different types of housing loan financing needs.
Speak to your banker about your other financing needs as banks can also provide financial solutions such as renovation loan and home contents insurance. This ensures that you enjoy the current low rates and peace of mind knowing that you will not be subject to interest rate fluctuations if you take up a fixed rate loan.
Source: Maybank
Top Property Special, The Straits Times, Saturday, July 19, 2014, Pg 6
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Home loan can be taken at a very good rate as per your current market value and also according to your salery or wealth condition and your bank statements.
Its good to take a home loan and then re morgage but only by a good bank or government
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Hi all, need some advise here too.. If CBS record are at risk due to too many search record, bank won't approve the loan rite? Even getting MP to help also no use?
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u got debts or always no pay on time?
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Nope I have cleared all since March. But a lot of search of application thou. Any advise?