I have a existing mortgage loan with RHB which is a Fixed type.

If I want to refinance it to flexible type, is it advisable to switch to other like MBB ? the reason is because I am not happy with RHB loan service (need to go to domicile branch, etc)

i have bought a property, sign S&P and loan secured. since its my 5th unit, my loan is 70%.

i have settle the 30% downpayment. with the economic downturn, and my loss of job is imminent, how can cancel this purchase ?

this is new property under construction. the facility agreement had been signed.
if developer refuse to give in, how ?

If I have to sell off one of the good property to finance this newly built, then I might end up in double jeopardy. I dont have good feeling that this new property will grow in value due to present over supply of condominiums.

I would rather risk losing RM 10k on facility rather than facing 'abandon project' or undervalue for sale. so its discussion with bank more effective ?

i notice that my loan has not been signed. however i have signed the SPA which the developer said the condition of cancel project under construction is forfeit 10%.

however I know the developer has long for the my unit too, but wont consider waiving the 10% penalty.

is there any other way i can convince the developer ?

since SPA already signed and stamped, any complication with land office ?

current I found Standard charter offering refinance @ 3.95% with zero costs.

my current mortgage rate with maybank islamic is 4.3 %

should I switch

can I write to my existing bank and request for lowering the mortgage rate from 4.3% to 3.9% ? will they entertain ?

is there a fast and easy way to refinancing, like whatsapp ?


This post has been edited by ccschua: Jul 1 2024, 08:39 AM