Home owners who refinanced recently able to cope with increase in mortgage payments, say banks

Mortgage brokers said some home owners are thinking of paying down their home loans to reduce their monthly instalments. ST PHOTO: LIM YAOHUI
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SINGAPORE - Interest rate rises have impacted mortgage payments, but local banks DBS Bank, UOB and OCBC Bank say home owners who recently refinanced their home loans have been able to cope with the hikes.

Mortgage brokers said some are even thinking of paying down their loans to reduce their monthly instalments.

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