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 Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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soulmad
post May 6 2020, 10:53 PM

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942 posts

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From: KL
hi guys,

my is mbb semi flexi
recently BNM just revise the ORP
but haven't see banks update
update the new BLR rate yet?
My loand still see 3.75% profit rate showing .

any way to take advantage of low interest currently?
Other than refinance cost.

if making advance payment will help a lot?

Can speakin to the branch help to reduce the interest further more?
any valid point can share
Thx

This post has been edited by soulmad: May 6 2020, 11:14 PM
soulmad
post May 7 2020, 08:58 PM

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Senior Member
942 posts

Joined: Jan 2003
From: KL
QUOTE(Pac Lease @ May 5 2020, 11:37 AM)
Before you do refinance, firstly you can talk to your current bank to discuss for reduce the interest rate. If they reject you, then you can refinance your loan to other bank. I will not suggest to refinance merely on outstanding balance. If possible you can refinance current loan with cash out. At this Covid-19 period.most of the people now is need cash to standby for uncertain in the future.
*
can bank lock in the interest rate?
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