Hi Lee Mun,
1) Most people who are eligible for an HDB loan usually will apply for it.
2) There are 2 main reasons for this:
(a) Lower down payment for HDB loan.
(b) Uncertainty of US treasury is causing constant uprising of interest rate.
3) The average increment of bank mortgage rates was around 0.4% from 2021 till today.
4) Although it is still about 0.9% lower than the HDB rate, the difference is not as drastic as in 2021.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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