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 Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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Gaia34
post Jun 5 2023, 06:28 PM

On my way
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QUOTE(lifebalance @ Jun 5 2023, 03:50 PM)
Can be both ways. Which one are you looking for?
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Hi there, can we put such request to the bank?
Gaia34
post Jul 1 2024, 05:14 PM

On my way
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Senior Member
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Joined: Dec 2009


QUOTE(Gladiator118 @ Jun 30 2024, 10:00 AM)
I have a 550k mortagage loan with 4.35% interest from 10 years ago. I'm parking 450k into loan and somehow the installment shown changed to 1.3k instead of original 2.7k.

My question is, does bank revise our installment value automatically if there's additional money parked in loan? So when withdraw that additional money, it will revert to original installment?
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Wouldn't this be an ideal situation as in lower instalment?

This post has been edited by Gaia34: Jul 1 2024, 05:14 PM
Gaia34
post Aug 10 2025, 03:54 PM

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Joined: Dec 2009


My instalment also reflects the new rate for this month's instalment, MBB as well.

 

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