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If you are planning to buy property, better do it fast before the mortgage / housing loan rate increases.

The Star Online reported that new home buyers are expected to make higher payments for their loans with some banks increasing their mortgage rates early this month.

Some banks have even scrapped the moving-cost element – legal fees, stamp duties and other disbursement fees for loan documentation by the banks – from their home-loan offerings. It is learnt that existing home loans would still be maintained at previous rates depending on the terms and conditions of the contract.

Read the full report ...
Mortgage rates start to climb


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