Nah, no point to refinance to reduce the interest rate further, market is going about 4.45% at the moment, unless your purpose is to cash out the amount.

you only pay the 10% upon signing of the SPA, you'll definitely need a lawyer

no there is no other way, either you submit as a co-borrower or settled it in cash

We can use it but its very subjective to individual banks for consideration

1. ask seller to sell @ 180k
2. you pay extra 50k as downpayment
3. ask valuer to give higher valuation
4. don't buy because it's overpriced

Seems pretty even on all giving 4.45, then choose the bank that you prefer.

My choice would be MBB or RHB

PBB have stricter guideline compared to other banks

for example for late repayment, they only accept (1) mth late which thereafter they will revise the interest rate, the other banks are more lenient, giving up to 2 - 3 mths before they revise it, may not imply to you if you're always paying on time, just feel that it's strict that's all. But shouldn't worry much if you're a prompt payer

1. Depends if it's semi or full flexi facility

Semi Flexi
- Normally comes with withdrawal fee
- No need to maintain current account
- Will need to wait longer for your money to return back to your savings account
- No monthly fees
- Usually recommended for people who are not business owner 

Full Flexi
- Normally doesn't come with withdrawal fees
- Need to maintain current caccount
- Don't need to wait for your money to go back to your current account to make withdrawal
- Monthly fee to maintain your current account
- Usually recommended for people who runs a business as money comes in from businesses, it will save interest on the daily rest. And the business owner can use that money again a few days or weeks later for his business.

Any prepayment will help to reduce the interest incurred but your monthly repayment will remain the same.

again depends if it's full flexi or semi flexi

if it's full flexi, then you just have to park ur money in the CA will do, if its semi flexi you have to transfer from SA to ur home loan account.

Will need to look into your sdn bhd documents to judge further

4.37% thereafter 4.45%

Yes premium is calculated now and it will be same even if you transfer it to another property

now running on BR + SR, on market rate, lowest for refinance is 4.4%

We call it as refinancing, you. Want to transfer to another bank for what purpose?

Example, if your market value is 500k

Your existing is 300k, when you refinance, you can get up to 90%, which means in this case 500k x 90% = 450k

So if you only need to draw out 100k, you can, since the max is 150k additional on top of the current 300k loan.

Yes, you may also refinance a lower amount but you will have to pay up any balance owed to the previous bank.

Example 300k outstanding, you refinance 250k, you have to top up 50k cash to pay off the bank balance

This post has been edited by lifebalance: Feb 15 2019, 11:08 AM

looks okay to me for 90% loan

if it's already 4.48% then you won't be saving much on interest, not to mention you incur another loan agreement fee just for that.

No

if you plan to stay in that company forever, it doesn't matter what type since they are paying the difference.

If you're resigning somewhere in the future then you got to see what's your prediction whether interest rate will increase or not, whether fixed is better or fluctuating rate is better.