During the middle of Circuit Breaker last year, I fully utilized the opportunity offered by a HDB loan to refinance into a bank loan. Given the $14,000 that I was guaranteed to save by switching to a bank loan, it was an easy decision to make. While making the switch, I had to tackle the classical dilemma of deciding between a floating or fixed interest rate for my home loan. That was the hard part because I realised that the right home mortgage is not just a case of finding the best interest rate across the various financial institutions, it is also about choosing whether you want the rate to be either fixed or floating. No wonder readers have written to me to understand how I tackled this problem. As the eventual decision chosen would have an impact on our financial health, careful consideration on our part is advised. Therefore, I have decided to share my thought process in this blog post.