Home Loan Singapore - Approval In Principal

Hi  ,
Thank you for your enquiry.

Attached is the comparison analysis for your preview.

Please feel free to call me for any query.

Do let me know so I can attach the relevant banks application form for you.

Thank you.
 
Benefits of Going Through Us for New Purchase Residential / Projects Under Constructions / Refinancing

1.Free Multiple Banks Packages Comparison Analysis of Banks. ]

2.For New Project under construction Purchase, some banks come with Free Fire Insurance for 1st Year, One time Free conversion upon TOP. – ( Get New potential Lower interest rates Free of Charge Within Banks without Refinancing risks) & Lower Legal Fees for conveyancing under Banks Panel Law Firms - $1800 - $2650 Nett for Purchase Price < $2M . For Refinancing, some banks pay legal subsidies for all legal fees you incur here. (Need not pay any legal fee*)
.- Call Us @ +65 9455 1623 –


 Documents required (New Purchase)

Mandatory Documents:
1.       Application form to be completed and duly signed by all applicants (Attached).
2.       Copy of all applicants’ clear copy NRIC (Front and Back) for Singaporean & PR / Passport Only for foreigner
3.       Copy income documents for each applicants:
i. Employed with fixed salary:
Latest Notice of Tax Assessment and 12 months CPF contribution history and latest 1 month payslip / last 3 months’ consistent salary crediting bank statements
ii. Self employed:
Latest 2 Years NOA. Haircut of 30% to apply. i.e NOA X 70% divide by 12 mths

        4.       Copy of the Option to Purchase (if available):
5.       Copy of all applicants’ HDB Print Screen for Singaporean & PR ( see below/attached for procedures)
6.    Each applicant to sign on the declaration of income facilities as attached.
(Please provide bank statements for credit cards/overdraft/car loans/home loan facilities if have)



Procedure for HDB printscreen/see attached:
1. Go to www.hdb.gov.sg
2. Click on "My HDBPage Login"
3. Login via SingPassa
4. After Login, click on "My Flat"
5. Click on "Financial Informtion"
6. It should show "You do not own an existing HDB flat. (Sxxxxxxxx, enquirer's NRIC number) "
7. Copy or click on "Prt Scr" button on your keyboard and paste on a Microsoft Word page.
8. Save the file and send it to

Procedure for NOA (Notice of Assessment):
* NOA have to go to IRAS, www.iras.gov.sg
  Log in to My Tax Portal and sign in through sing pass
  On the left column, go to view correspondence and notices
  Go to Letter of notices and print the current  year’s NOA.

IRAS Account summary page:
Log into www.iras.gov.sg
Log in to my portal with singpass.
On the left, go to account summary tab
It will show you your current owned property details
Click on “Click here to view if you have more than 1 property”
Copy or click on "Prt Scr" button on your keyboard and paste on a Microsoft Word page.
Save the file and send it to
or you can send in as pdf.




Documents required (Refinance)

1.      Copy of borrower’s IC
2.      Application form
3.      6 month Loan Statements/ Letter offer
4.      CPF property withdrawal statements (How much CPF has been utilized)
5.      Income Documents (12 mths CPF contribution history & latest Notice of Assessment)
        self employed, 2 years of NOA required
6.      Obtain HDB confirmation letter

Steps:

2. Click on My HDBPage Login
3. Log in via SingPass
4. Click on the first link, My Flat
5. Under purchased flat on the left, click on Flat details
6. You will see a page that shows

            "You do not own an existing flat. ( SxxxxxxxG, enquirer's NRIC number)"




Thanks & Warmest Regards

www.SingaporePropertyLoan.com

Completed Property Best Fixed & Floating Rates
Recommended Completed Residential Fixed Vs Variable Vs Sibor Vs Flat Rates Packages 2014

 Completed Residential - HDB - New Purchase & Refinancing Rates
Bank
Package Name
Year 1 Rate
Year 2 Rate
Year 3 Rate
BANK 1
Fixed 3 Years; thereafter floating; board rate (min $100K)
1.30% fixed
1.50% fixed
1.60% fixed
BANK 2
Fixed 3 Years; thereafter floating; board rate (min $100K)
; refinance only; with legal subsidy)
1.40% fixed
1.60% fixed
1.70% fixed
BANK 3
Fixed 2 Years; thereafter floating; board rate (min $100K)
; refinance only; with legal subsidy)
1.2% fixed
1.6% fixed
2.48%
BANK 4
Fixed 2 Years; thereafter floating; board rate (min $100K)
1.35% fixed
1.45% fixed
2.50%
BANK 5
Floating, board rate (min $100K) ; refinance only; with legal subsidy)
1.08%
1.38%
2.25%
BANK 6
FHR; thereafter floating; board rate (min $100K)
FHR+0.85%
FHR+0.95%
FHR+1.25%
BANK 7
SIBOR/SOR (min $300K; deposit $150K) ; refinance only; with legal subsidy)
3MCombo/SOR + 0.95%
3MCombo/SOR + 0.95%
3MCombo/SOR + 0.95%
BANK 8
Floating Capped 2.5% @ 1st TO 8 Yrs  thereafter SIBOR (min $100K; require mortgage insurance) Cash Rebate $1,800 (3Yrs)- HDB -MPM
3M Sibor +1.38%
3M Sibor +1.38%
3M Sibor +1.38%
BANK 9
SIBOR/SOR at 0.95% markup  (min $300K; deposit $150K) ; refinance only; with legal subsidy)
3MCombo/SOR + 0.95%
3MCombo/SOR + 0.95%
3MCombo/SOR + 0.95%
BANK 10
SIBOR/SOR at 1.00% markup throughout (min $300K) ; deposit $150K)  refinance only; with legal subsidy)
3MCombo/SOR + 1.00%
3MCombo/SOR + 1.00%
3MCombo/SOR + 1.00%
BANK  11
SIBOR (min $400K; refinance only; with legal subsidy)
1MSIBOR + 0.95%
1MSIBOR + 0.95%
1MSIBOR + 0.95%
BANK 12
SIBOR (min $100K; with 2 years penalty)
3MSIBOR + 0.75%
3MSIBOR + 0.90%
3MSIBOR + 1.25%
BANK 13
SIBOR (min $400K; conditions apply)
1MSIBOR + 0.85%
1MSIBOR + 0.90%
1MSIBOR + 0.90%
BANK 14
SIBOR (min $600K; refinance only; with legal subsidy)
3MSIBOR + 0.85%
3MSIBOR + 0.85%
3MSIBOR + 0.85%


COMPLETED PROPERTIES
·                                 MPM means My Protector Mortgage, which is a reducing term insurance that protects the family, in the event if anything happens, the loan will be fully paid by the insurance company. The difference between buying from CPF and the bank is in terms of the payment. The bank requires you to pay by cash and with CPF board you can use CPF.