Rising interest rates are raising the spectre of higher monthly mortgage payments for many home owners, especially those with floating home loan packages.
No one needs reminding that home loan repayments form a large part of our monthly expenses, so it is important to look at cash flow and set aside more funds to prepare for higher rates, says Ms Tok Geok Peng, executive director of secured lending at DBS Bank.
TO READ THE FULL ARTICLE
Thank you for reading The Straits Times
You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.
What is Premium?