A board rate is a home loan interest rate that the bank determines internally. There is no transparency to you and me. How this rate is decided and what benchmarks are used are not revealed to the public. Read on to find out why you should avoid these home loan packages.
For the past seven years, fixed deposit linked rates like DBS FHR6 have been a unique proposition in the mortgage industry. But are they truly as low a risk?
As SIBOR continues to fall in 2020, even the most risk adverse may find value in choosing this volatile type of home loan package. Here's why you should take a floating rate today.
Depending your risk profile and financial situation, choosing fixed rate home loans may be the best choice. However, you have to consider that no package stays fixed forever, and that it may cost you more in the long run! Surprised? Here's what else you might not know about fixed rates in Singapore.
Should you choose a SIBOR rate for your housing loan in Singapore? What is the difference between 3 month SIBOR and 1 month SIBOR? Learn more about the Singapore Interbank Offered Rate and why it is so crucial to your mortgage.