For the past few weeks, the papers have two things in common… two types of related advertisement. One is about new housing projects and one is about bank’s loans or mortgage.

But the news from the national bank is not favorable. The interest rates are rising, which is weird since the world share market is considered good at the moment. Is our country economic inside a ‘bubble’? Will there be any ‘bubble burst’ soon? If that comes true, we will be in big trouble… inflation will hit us all.

Some bank’s Basic Lending Rate or BLR has hit almost 8%. The biggest looser in this case would be the borrower… you and me who have loans or mortgages. Worse will be those who are borrowing large amount like the housing loans.

For those who are already committed to their mortgage and feels they had a poor credit remortgage, you should talk to an experienced mortgage advisor to compare mortgages available in the market and to have a better solutions.

One thing that everyone must aware is the security of their mortgages. When you commit to any mortgages, you must take mortgage protection. Mortgage protection will cover you just incase you lose your job unexpectedly, or if you fell ill or had an accident or any other reason which preventing you to pay your mortgages. Always think security first even if you are a risk taker.