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Financial Reefinancing, snp and doa

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TSpic3s
post Feb 10 2010, 12:41 PM, updated 16y ago

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Just 1 simple question.

how long will it take to get the DOA and SNP if i refinance my house?

ed0gawa
post Feb 11 2010, 12:56 AM

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U have both DOA and SNP already mah....
p3nang
post Feb 11 2010, 04:42 PM

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Refinancing won't affect your S&P and DOA.
Both of these documents will just be a prove to your ownership to your property.

Feel free to contact me. smile.gif
TSpic3s
post Feb 11 2010, 07:08 PM

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i asked a cimb agent and she says that it will take some time.
She said that this 3 items below will need some time to be prepared by the lawyer.

Deed of assignment
power of attorney
facility agreement

She said that the doco above needs to be re-registered at land office and may take time. is this true?
ed0gawa
post Feb 13 2010, 01:37 AM

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Yes it will take time if u refinance from another bank to cimb

As the original title deed will be under current bank's name, so when u refinance from X bank to CIMB then they would need to change the name from X bank to CIMB
TSpic3s
post Feb 21 2010, 03:28 AM

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any idea how long will it take. some are saying 6 months.
falcon867
post Feb 21 2010, 02:56 PM

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normal refinance process will take around 3 months..but sometimes there might complications in the conveyancing process for example starta title of the property is issued which will delay the whole process. If for property with title it will be faster maybe around 2 months

This post has been edited by falcon867: Feb 21 2010, 02:56 PM

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