Lawyer Mark: Professional cost 2000

Tentative date to meet: 11AM or 4PM on Nov 16, 2015, or This Friday ?

{{:mywiki:sims_residences_offer_purchase.pdf|}}

| Maybank | $644k | 20 years |
| DBS | $628k | 20 years |
| UOB | $610k  |20 years |
| OCBC |  ?  | ? |


====== Comment Terms ======
| Term | Description | Notes |
| SRFR | Singapore Residential Financing Rate | Per bank, for maybank, currently is about 3.75% p.a, \\ revised   by 30 days notice |
| RBR | Renovation Loan Board Rate |  |
| FHR 18 | Fixed deposit home rate: \\ 18 months Singapore Dollar fixed deposit rates for amounts \\ between S$1,000 to S$9,999 | DBS currently is 0.5% p.a |
| SIBOR | Singapore Interbank Offered Rate \\how much it would cost banks to borrow from each other. | Singapore, currently 3 month's 1.07% \\ 12 month's 1.25% |
| FDMR | fix deposit mortgage rate | OCBC currently 0.65% |


====== Home Loan Interest ====== 
===== Maybank ===== 
{{:mywiki:loan_maybank.png|}}

==== Question ====
What's the terms and conditions, esp for 2 years refinance ?
Any difference on refinance if with another banks, not maybank any more ?


===== DBS =====

{{:mywiki:dbs_3year.jpg|}}

{{:mywiki:dbs_fhr18_135.jpg|}}

{{:mywiki:dbs_fhr18_125.jpg|}}

{{:mywiki:dbs_fhr18_115.jpg|}}

{{:mywiki:dbs_fhr18_105.jpg|}}

==== Question ====


On the 0ct 1, the fixed 2 years is 1.98%, but now seems increased to 2.28% with fixed 3 years ?

What is MyProtector Mortgage ?

Commencement Date 3 months from the date of Letter of Offer or first disbursement of the Housing Loan, whichever is earlier  ??

What does the commitment fee mean ?

What does the admin fee mean ?

What does the cancelling fee mean esp for FHR18 + 1.35 without any committed period ?


===== UOB =====

{{:mywiki:uob_home_loan.jpg|}}

==== Question ====
Can refinance after lock in ?
What's the terms and conditions for refinance ?
Any difference on refinance if with another banks, not maybank any more ?


===== OCBC =====
36 Months fix deposit mortgage rate which is currently at 0.65%.

2years lock: 

Year 1-3: FDMR + 1.03% ( 0.65 + 1.03 = 1.68% )

*FREE conversion to another package if the Fix deposit rate increases* 

*2years lock in. After 2years customers are allowed to fully redeem the loan. 

==== Question ====