SOR

Having in mind that i was approaching the end of 3 years with my current home loan package, i set off to check what was available in the market before the much higher 4th year rate kicks in. Now my loan package had no lock-in period at all, so i really should have done some investigation earlier to take advantage of lower home loan rates, if there was any. I looked, and lo and behold, home loan rates have indeed come down quite a bit. My original 3rd year rate was 2.85% which i thought was not a bad deal, but i found new home loan rates at 2.30% – 2.40% with 2 years lock-in.