Dec 21 2009, 03:53 PM
QUOTE(datuk_batery @ Dec 21 2009, 11:32 AM)
Hi
I want to know about refinance house.
i have buy the house RM245k, but still under contrustion and will finish next year aug.
then i want do refinance my house, i already check with my loan bank i need to pay 3.5% on that house and 3 month interest. i have calculate is roughly i need to pay 10k.
i check on market that house can loan 300k.
i need advised here is good idea if i do refinance my house?
Let me get this right.I want to know about refinance house.
i have buy the house RM245k, but still under contrustion and will finish next year aug.
then i want do refinance my house, i already check with my loan bank i need to pay 3.5% on that house and 3 month interest. i have calculate is roughly i need to pay 10k.
i check on market that house can loan 300k.
i need advised here is good idea if i do refinance my house?
House value RM245k, completion date August 2010.
If refinance, you've got to pay RM10k to the bank including the 3months installment.
The value for the house right now is RM300k.
Have you finish paying for the house? If no, you will have to deal with a lot of money for your monthly commitment.
If you have, you should probably sell this house and buy another cheaper house, this way, you could still have cash in hands with no housing commitments.
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