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 Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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cashflow5357
post Mar 17 2015, 10:36 PM

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what is the procedure to do early settlement of housing loan?

pay up all outstanding amount to bank or go thru lawyer and get them to setttle?
cashflow5357
post Mar 18 2015, 09:57 PM

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QUOTE(Jasoncat @ Mar 18 2015, 09:19 AM)
You need to ask for redemption statement from the bank to ascertain the outstanding sum to be repaid.  You may need a lawyer too to get the necessary documention done, e.g. discharge of charge (eg property tsken as collateral).
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so in the end still need a lawyer to do a discharge? redemption from bank alone is not enough in this case
cashflow5357
post Jun 11 2015, 01:44 PM

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I need to know how is the MDTA/MRTA refund done?

My loan has been fully settled/account closed. MRTA is for 10 years. Now is the 6th year.

Do i have to write in on my own to the insurance provider (ING) or will the bank do all this? Loan was under PB.
cashflow5357
post Jun 15 2015, 11:17 AM

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any hong leong bankers here??

 

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