Edward Sim
03-28-2008, 08:11 AM
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I have access to rates that are unpublished on the banks' websites.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, E and F. All three big local banks are included below. There are packages suitable for people currently within or without lock-in.
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 1.20% 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%
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, E and F. All three big local banks are included below. There are packages suitable for people currently within or without lock-in.
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 1.20% 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%