I received an offer as below:
ZEC:
Yr 1-5 BLR-2.0%
Thereafter BLR-2.4%

NZEC: (say if the processing fee is 7K)
Yr 1-3 BLR-2.3%
Thereafter BLR-2.4%

May I know which one would have the least total payment? How much is the total interest imposed on the RM7K if I choose NZEC with a tenure of 30year. A noob here, please advise me, thank you

Yeah, too many factors to consider, semi-flexi prepayment is part of main factors, headache

Nice advice, on a 2nd thought, since the interest rate is rather low at this moment, might as well take the ZEC and save the RM7K for investing somewhere?

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Added on October 2, 2009, 9:52 amThank you, say 300K, what tooling are you using may I ask?

This post has been edited by n0v1ce: Oct 2 2009, 09:52 AM

Hi all, thank you for your help, really appreciate your input

Apart from OCBC, EON Bank n' Standard Chartered are offering quite competitive rates too The former is semi-flexi while the latter two are full-flexi

The package is only eligible with >RM500K loan amount, my poor house's value is much much lesser than that

By the way, I just sold a house last week, will I kenak tax for refinancing for my current one, is it considered selling a 2nd house? Thank you

Just go to this thread and stating you want to buy a house, sure got many brokers to PM you.

Another question, the SCB mortage consultant told me he could make adjustment in order to give a better rate, say -2.45%, is it possible or just a gimmick? Is he given empowerment to offer a better rate?

ZEC should hv better cash flow, at least with RM7K on-hand, it is better to dump somewhere so long as dividend/interest earned > interest charged aka BLR -x%