SIBOR is on an upward trajectory. However, for those on a SIBOR-dependent home loan package, all is not lost. We talk with home loan expert Wayne Quek about what home owners can do to beat the rising SIBOR.
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If you’re a home owner currently servicing a SIBOR-dependent loan, you would have probably read about the sudden rise in SIBOR and are worrying about how it will affect your monthly payments. In an earlier article, we stressed that, at the moment, there is nothing to be worried about as the recent spike should not result in a significant increase in your home loan repayment.
READ: Tackling the Rising SIBOR
However, as with anything in life, it’s always best to explore the different options available to you in the event things turn south, or in the case of SIBOR, north. Our resident home loan expert Wayne Quek shares a few notes ......