How to go about contacting other banks to check out mortgage options?

[Allota]

We went and asked two banks their policies, closing cost information and such. This one bank has a rate of 4.1% for a 30 year fixed while another bank is 3.8% for the same mortgage amount and years. Should we try to get pre approval with all nearby banks? Will this hurt our credit? How can I be sure we are getting the best rate?

 

[Jimmy1978]

There’s no proven method really! Word of mouth is usually the best… ask someone who has already taken a loan from a bank. A friend of mine took a home loan from POSB bank recently (they are a trusted name in banks in Singapore) at a relatively lower interest rate. He has opted for "home loan 2+2"….he said it makes repayments easy and offers a lot of flexible features. Why not check out their website for details? You can even contact them easily on phone

 

[leetahbah]

A friend of mine took a home loan from POSB bank recently (they are a trusted name in banks in Singapore) at a relatively lower interest rate.

You don't sound sinkie, all sinkie knows who POSB bank is, they went to the bank with their mothers since they were toddlers.

 

[Narong Wongwan]

You don't sound sinkie, all sinkie knows who POSB bank is, they went to the bank with their mothers since they were toddlers.

Not exactly true....back in the days POSB and DBS for that matter were not trusted due to the fact they are govt owned........POSB targetted the young......went to the schools and started stamp saving schemes etc to net a whole new generation.

 

[Tuayapeh]

You don't sound sinkie, all sinkie knows who POSB bank is, they went to the bank with their mothers since they were toddlers.

yeah ...you are right...maybe we got ourselves two cheebye pinoy kiahs here trying to seek advice.....


nbccb