After navigating the comparison process and applying for the refinancing of your home loan, you will accept the loan with the bank and a law firm will be instructed to handle the conveyancing matters for the refinance transaction. We will look at the steps taken by the law firm in this article. Process after Refinancing…
A look at ABSD and two common ways to decouple. In part 1 of a 2-part series, we will focus on the methods on ownership decoupling; (1) ownership decoupling and (2) mortgage decoupling
The Monetary Authority of Singapore (MAS) announced in October 2019 that they will reduce the rate of appreciation of the Singdollar. This should lead to lower mortgage rates, be it fixed or variable, and bodes well for borrowers but not savers.
HSBC Singapore have sent letters informing their affected home loan customers on the change in TDMR24. HSBC will increase TDMR24 from 0.65% pa to 1.4% p.a. with effective on 1 July 2019.
Maybank Singapore, from 17 April 2019, will increase 36M FDMR from 1.80% to 2.05%. We look at the history of 36M FDMR.
DBS Singapore will increase from 4 March 2019 their Fixed Deposit Savings Rates. These rates are tied to Singapore home loans and are commonly known as FHR, FHR9, FHR8 and FHR18. Only FHR8 is offered and the others are only for existing mortgage accounts.
Standard Chartered Singapore announced in November 2018 to increase their FDR rates of 9M, 36M and 48-month.
Hong Leong Finance increased HDB Home Rate (HHR) to 4.65%. It was at 4.0% previously.
OCBC Singapore announced in December 2018 a latest round of increasing their FDMR, OHR and MR mortgage rates.
DBS Singapore announced today their Fixed Deposit Savings Rates (FHR) will increase from 24 August 2018. These changes are on the various fixed deposit tenors and will affect many home owners. If your home loan is linked to FHR, FHR8, FHR9, FHR18, please read and refinance.