After receiving the notice from our bank that our housing loan interest rate is going up next month from Nov 2019, we started to ask around the banks for refinancing packages. We also checked with our current bank what the repricing packages are. Turns out the latter works out better for us.

We are in the process of signing the Letter of Offer with our current bank to reprice the housing loan. The interest rate will drop by about 0.5% once it has been processed. In addition to paying the repricing fee, we will also be making a partial capital repayment.

The cash used to pay for this comes from a hidden fund that doesn’t show up in our assets & liabilities, income & expenses and net worth tracking Google Sheet. Every month, we put aside some cash into this hidden fund for no specific purpose. It depends on the