AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
My home loan is pre-paid reducing, already 8 years, if I renew the contract, due to bank said the interest rate 1.88% fixed two years, Is that a good choice? one is variable 2 yesrs lock in with 0.68%/1.68%/2.68%.., which one I have to choose? Please advise. thank you very much.
0 •
778 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Andrew Se
Replied
hi sun,

seriously no one can predict the future, but my personal take is interest rates might be rising to certain level to combat inflation or rather currencies depreciations due to overprinting of certain currencies, although economy is not doing that well and govs are reluctant to rise interest rates..

Please feel free to contact me for non-obligatory discussion and also for refinancing I might have some bankers to recommend you that might suit your requirement

cheers...
Andrew Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions