my current loan is 3.92% after recently rate cut, first one only, can I refinance to get lower rate?
This post has been edited by kelvinfixx: Mar 29 2020, 09:27 AM
Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 Mar 29 2020, 09:27 AM
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Mar 29 2020, 07:58 PM
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QUOTE(eric.tangps @ Mar 29 2020, 07:51 PM) Refinancing incurred Legal Fees, so must consider reason for refinancing. yes.If for rate reduction, best you could get is around 3.70~3.90% depending on Loan Amount. Say, 3.70%. your savings is just 0.22% pa and if loan is RM300K.. it is merely RM660 on first year. The outlay costs of Legal Fees and Valuation would require a substantial payback period before you really gets to enjoy savings. It will be different if you wish to take out monies for real purpose.  |
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