Housing Loans Interest

Housing loans interest all depends on the kind of package that you have decided to take up. A floating rate package is normally pegged to an external rate, like the CPF interest rate, the bank's internal board rate and etc. Normally risk adverse consumers will avoid floating rate. They cannot live with the uncertainty of a floating interest rate. A floating interest rate can go down, but there is an equal chance that the rate might go up too. Another problem with floating rate is when it goes too high, the installments get more expensive plus if you are using CPF, ... Read More »