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How long would the floating interest rate last ? My advice from agent is that condo under construction will be on floating rate for building under construction. What is the highest bank loan interest when economic downturn ? As I heard that US is going to raise interest rate soon, but not sure when it is going to be, any idea ?
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3 Answers

Hi, yes it is true that the U.S. market is recovering and in fact we also seen that bank interest rates are slowly rising too. Perhaps I could get my banker to assist you further and to share the benefits between floating and fixed rate?

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

Yes for condo purchases under construction, you have to take up a floating rate package that typically uses 3month SIBOR interest rate. Our 3mth SIBOR follows the US fed funds rates closely, and this rate is set by the US central bank, and nobody can predict exactly when the US rate hike will be coming but they did announce they are leaning towards sometime this year.

If you need some certainty in your mortgage payments, perhaps I could get my banking partners to assist you further on what kind of package to explore. Which project are you keen on? Thanks and may I assist with your housing plans further?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Hi,

Maybe my bankers could advise you on the packages and rates for your consideration? If I could be of any service regarding your under construction property purchase, do let me know. If you were to share more on your expectations, requirements and budget, I will be able to succinctly propose developments to consider. I have the complete inventory of price and unit details of under construction properties for your perusal and consideration. Do get in touch and I will walk you through step by step at no cost and also work out your financial calculation flow and progressive payaments/ timeline payments for your understanding.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
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