Last Chance To Grab Fixed Rate At 1.08%
(This is a post with a limited-time offer which has expired on 4 Jan 2022!)
Cheers To A Happy & Blessed New Year in 2022!
We start the new year with a big shout to those with mortgage lock-ins expiring within the next 6 months by July this year – Grab this one last chance to lock down historical fixed rate at 1.08% for private property refinancing!
See Top 10 Lowest Home Loan Rates
For HDB homeowners, it gets even better with a 3-year fixed rate that’s lower that what we can source right now for private property loans.
The catch is – these banks will not wait for you. All applications must come in within 2 business days by 4 Jan (Tue) with complete documentations (caveat: all subject to change). You need to contact us now, submit your enquiry.
Both packages are shown below:
| PRIVATE PROPERTY 2-year Fixed | HDB 3-year Fixed | |
| Mortgage peg | 3M SORA | BOARD |
| Year 1 | 1.08 (Fixed) | 1.25 (Fixed) |
| Year 2 | 1.08 (Fixed) | 1.25 (Fixed) |
| Year 3 | 3M SORA + 1.25 | 1.30 (Fixed) |
| Year 3 onwards | 3M SORA + 1.25 | 2.10 |
| Lock-in period | 2 years | 3 years |
| Min loan | $500,000 | $300,000 |
| Property type | Completed private only | Completed hdb only |
| Other conditions | – | Good credit profile |
| Legal subsidy/cash rebate (for refinancing only) | 0.40% of loan capped $1,800 | $2,000 |
With U.S. Fed showing more resolve to end bond purchases quickly before mid of this year, or even earlier should Omicron wave peaks and subsides by Q1 in the U.S., the upside risk on interest rate has increased.
And with the gap between floating rate and fixed rates still relatively negligible, it’s a no-brainer to act now and start your new year in style!
Watch this space as we continue to bring you cutting-edge news and blog posts on all things mortgage-related in 2022.
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