Why paying off debt faster can be risky

CNA1 hour ago0:58

With the US Federal Reserve raising interest rates and borrowing costs rising, you may be tempted to pay down some debt. But putting too much cash into paying down a mortgage could leave you short on liquidity when you need it most. MoneyOwl's Chuin Ting Weber joins Andrea Heng on the Money Talks podcast to explain: • Why paying down a mortgage can create liquidity risk • How rising interest rates factor into the decision to repay debt or invest • What you need to settle before making additional debt repayments #MoneyTalksPodcast #Mortgage #Debt #PersonalFinance #Singapore Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia

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