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	<title>My Financial Thoughts &#187; OCBC</title>
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		<title>OCBC&#8217;s Ideal Mortgage</title>
		<link>http://myfinancialthoughts.com/2009/06/30/ocbcs-ideal-mortgage/</link>
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		<pubDate>Tue, 30 Jun 2009 15:01:14 +0000</pubDate>
		<dc:creator>Financial Fool</dc:creator>
				<category><![CDATA[All]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[OCBC]]></category>
		<category><![CDATA[Property investment]]></category>

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Yesterday, OCBC launched a new home loan package called Ideal Mortgage. It is supposedly different because it uses its own unique Mortgage Lending Rate (MLR) instead of the typical Base Lending Rate (BLR).
Apparently, the MLR is developed exclusively for home loans and is calculated based on the mortgage business whereas BLR takes into consideration the overall bank costs.
One [...]]]></description>
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