Refinancing Home Mortgage To Higher Interest Rates
So, the time has arrived for me to settle the refinancing of my mortgage loan. Kindly note that this is not a sponsored post, and the companies and parties mentioned below are involved in assisting me with the application process and completion of the refinancing procedure. My last mortgage loan is with Hong Leong Finance (and yes, I am a shareholder), which started in October 2022. It was a 2-year fixed rate loan where I enjoy an interest rate of 1.4% in the first year, and 1.5% in the second year. I was relatively fortunate, because I started looking around for mortgage packages since April 2022, before the crazy propelling of interest rates began, and thankfully, although I was a couple of months too early, Hong Leong Finance was able to lock in the rates for me till my previous lock in period ceased. As such, I am able to enjoy the lower rates with peace of mind when the interest rates were crazily high in 2023 and most of 2024. However all good things must come to an end and