Highly graded property investment guidance, stories and tips sent to your inbox every week. Mortgage loans help to make that acquisition more attainable with financing options. The SIBOR rates in 2019 as compared to the FD rates are still cheaper by about 0.2-0.3%, though the difference is not as huge when compared to the 0.5% difference between the fixed and floating rates. The lowest FD Rate is from Standard Chartered in 2019 at 2.2% linked to their 36 months FD rates. An independent mortgage advisory provides unbiased advice from your loans selection, home protection to handling the whole application process. However, Shamir was able to boil down all the rates and acronyms into logical information we needed to make the right decision. To my disappointments, after 2 weeks of searching, I still could not found one that suit my preference. Looking at the historical track record, most banks have not changed their FD rates from 2012 – 2017, and even up till the first of January 2018, the rates have remained the same. With the difference between the fixed and the floating rates at more than 0.5% now, more and more people are willing to take some calculated risks to review a floating rate mortgage. Was scouting around the market for competitive rates for my home loan refinancing and was referred to Eugene Huang from Red Brick. With the recent increase in interest rates, our team at Redbrick has seen a spike in the enquiries that come through to us. He literally did all the leg work for me and I am truly grateful for the enthusiastic yet efficient service standard he provided. Know of someone who might be a suitable fit to be part of the Redbrick Team? Therefore seeking the best in-market financing terms and being able to constantly calibrate your loan portfolio to keep interest costs in check is key in achieving savings. All rights reserved. As the director of Redbrick Mortgage Advisory, Eugene believes that there should be an eco-system in which all parties of the mortgage industry can co-exists to facilitate a meaningful and profitable value chain. would recommend him to anyone who is keen to take up any mortgage loans. True to their forecast, the Fed rate hiked up 25-50 basis points at every end of Quarter last year. It’s fair to say that Joel went out of his way to secure something suitable in double quick time. Shamir’s professionalism and knowledge of the industry was impressive and truly appreciated. A celebrated win for many around the world, but will the world ever return from an era of Trumpism? Receive FREE updates on changes in property prices & mortgage. Instead, helping them promptly review their loan portfolios and be updated on changing interest rate trends and to adjust their financing arrangements accordingly and on a consistent basis will ensure much better success from a cost management perspective. Buying my first flat is incredibly stressful, and for someone like me, who have no financial background, securing a mortgage is the most confusing part. The reason is simple, fixed rates were at a 1.55%, 2-years fixed whereas floating rates were at 1.6%, and looking at this minimal difference between the 2, it’s obvious why people would rather opt for a fixed rate mortgage. Therefore, current preferences are more for transparency over presumed stability. Singapore: China’s new favourite real estate gold mine? Responsive WordPress Image Scroller Plugin. For most,... Did you know that the average renovation rings up to a tune of $51,000, according to data extracted from projects... You have seen the term ‘property yield’ in property news, investor reports, newsletters, etc. Specialties: Red Brick Mortgage offers a variety of home loan and mortgage programs to meet your needs. Otherwise, the repayment penalty chargeable during lock in period is usually 1.5% of the amount repaid, or $1,500 for every $100,000 of loan repayment. Real Estate 101: What are property yields?
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