the problem of refinancing is the loan takes a long time to process and money disbursed.

I think 3-6 months, right?

Imagine withdrawing 100k or 200k cash after your property has appreciated, would that help finance your next property in terms of downpayment, s&p, legal fees etc?

But don’t forgo doing well in your career as you climb the corporate ladder, that will help increase your income and overall ability to be eligible for more loans.

May finance it without refinancing if your income ability able to cope.

I already mentioned eligibility for more loans via bigger income. The point here is to have more cash for more options including subsales.

Same actually. You can't cash out that much if not able to pass the DSR.

So one needs a much bigger income, work smart 😁

Income capability can be packaged actually, by proving through 6 months statements.

Many savvy investors transfer their properties into Investment Holding Companies and cash out from there @ 60% to purchase commercial property that generates higher yields.

The cash out values is much higher, if the equities (market value minus outstanding loan amounts) appreciates over time.

Meanwhile, free out quotas seeing from personal CCRIS and unblock restriction of 70% DP, to optimize financial leverage.

I am interesting in refinancing. Any bankers here can me up? I want to understand if it is worth to refinance.

Hi sifu, I am interested to know. My current bank is charging at 4.66% interest and market is 4.45-4.4%.

Can we check the amortisation table for the current table because.. The Interested rate changes a few times since few years ago and I have additional payment.

If based on the balance of my loan currently and the repayment states by the bank, I back calculated and it yields 7.1% interest rate it is super concerning

How do you calculated to 7.1%???

4.66% to 4.4%, i dont think it's worth the effort to refinance.. due to all the lawyer, charges feess..

In a 100k loan, the difference of 0.26% is just 260.... U can add up your cost and see

refinance fully paid home and invest into p2p lending = profit. of course got risk la hahaha

I am interesting in refinancing. Any bankers here can me up? I want to understand if it is worth to refinance.

Where is TS? Long time no post.

put money game okie not?

Hi would like to get some help from all sifu here.


Market value: 550,000
Balance owing bank: 250,000

Current situation:
1. 2 names in SPA, 2 names in Loan agreement
2. Intended Borrower income: ~RM5000
3. Expenses: current house installment :RM1300 (share by 2 name), no other expenses (recorded)
4. Current house is with MRTA

Would like to refinance under one name, with max cash out.

1. What is the cost of refinance? and break down?
2. Is it compulsory to buy MRTA/MLTA again ?
3. How to buy MLTA? can I buy separatelt from the bank?
4. what is the best rate for full flexi, dont care lock or not?

Thanks.



This post has been edited by Proprop88: Dec 19 2018, 11:40 PM

1. 12k
2. yes
3. yes
4. 4.5 - 4.6%

I am interesting in refinancing. Any bankers here can me up? I want to understand if it is worth to refinance.

This was how 2006 subprime crisis in u.s was formed.

You bought the property for less than 300k?

Choutlyn it is a huge difference in interest rates. Are you speaking about some additional fees that your bank might be charging you? Before refinancing it would be advisable to check all costs. Then make a simple calculation how much you will profit from refinancing.