Two days ago, we received a letter from the bank which got my accountant hubby into a fit. Apparently, they have raised the interest of the home loan on the pretext that the base lending rate has increased. That’s one thing good about marrying an accountant. The bank can’t do anything without him knowing that we have been charged more than we should.
For someone like me,who can’t tell the difference betweenÂ Home Mortgage and home loan or bother to know what is the current base lending rate charged by Bank Negara (our national bank), then, I will probably get fleeced unknowingly.Â But with an accountant, he is like the walking calculator, checking out Home Loan Mortgages, whether it is wise to add home improvement costs into the home loan mortgage when we apply for loan or just pay off the whole thing with our employees provident funds.Â Well, good thing is we are staying in a tiny flat and it is easy to avoid of being strangled by the bank.Â We decided it is time we settle this.Â Now, we are free to sail off on a cruise since the there is no more payment to do!