Recently I tried to repriced my loan as it has been more than 3 years and the "so called" best rate has reverted to the usual rate. The mortgage loan that I am pegged on is base rate plus SIBOR.
As you can see in the article today, luckily I pegged it to SIBOR and not SOR. lol. But in any case, the SIBOR has also been creeping up steadily. I am not in a rush to convert to a fixed rate loan yet as my current terms are pretty flexible.
I have to admit that I pay a pretty low interest rate on the house in which I am living in.
In fact, I find it difficult to use CPF to pay down my loan quickly because CPF OA is paying me a ...
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