21-01-2023, 03:02 PM
Fixed rate home loans at some banks down from recent highs
21-01-2023, 04:18 PM
few days ago i just received email from dbs offering a 2-yr fixed loan rate at 3.88%. i'm not sure if i should take it up. the published fixed loan rate is already at 4.25%.
the reason why i'm a bit indecisive is, i might want to make partial repayment again or even full redemption of loan in near future and don't wish to be tied down with any refinancing contract that comes with early repayment penalty clause...
the reason why i'm a bit indecisive is, i might want to make partial repayment again or even full redemption of loan in near future and don't wish to be tied down with any refinancing contract that comes with early repayment penalty clause...
21-01-2023, 07:22 PM
I have given it a thought just now....and I decided to take up the offer. But I will keep monthly instalment amount high such that bigger portion will be channel into principal payment instead of interest.... I hope I do the right thing
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