Jun 25 2012, 03:07 PM
Added on June 25, 2012, 3:10 pm
QUOTE(jackyyong @ Jun 25 2012, 02:39 PM)
Have you guys heard? There is a rumour going on saying that Bank Negara is telling all banks to abolish the lock-in period when you buy a property, for both new and existing loans, starting 1st July. So now the banks will counter this by raising the interest rates (from BLR - 2.4 to BLR - 1.8). So this is going to be a good time to refinance your property that has raised significantly in price.
I receive this news from a respected bulk purchase group over email today. I wonder how true this piece of news is ....
raise in interest is a good time to refinance ? u dont even have common sense at all.... the standard disc rate is around -2.2 to -2.5 ... i would rather get locked for 3 yrs to get -2.4 , rather than no lock in period but -1.8 .... apply some common sense pls..nowadays a lot of brainless forumer trolling around .... I receive this news from a respected bulk purchase group over email today. I wonder how true this piece of news is ....
This post has been edited by steventan85: Jun 25 2012, 03:10 PM
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