When you buy a property and it appreciates, you cannot count it as a gain yet unless you cash it out by selling the property off or refinancing it.

Meanwhile your money is "lock in" in the sense of paper value because it's not realized yet, but at the same time you don't intend to sell that property off because there might be few possibilities
1. You still think the property value will go up further
2. You want to stay in that house
3. It's not the right time to sell it off now

Then refinancing the housing loan is an alternative because you don't have to involve selling off the property to someone else while cashing out the money from the appreciated property at the same time.

With the housing loan interest of 4 - 5% nowadays, if your business is able to give you back more than 5% return then it's definitely a good deal to refinance the house otherwise better put the money elsewhere.

That's called taking a risk to be an entrepreneur.

You can't be jealous at successful business owner who earns millions or thousands daily and envy at their establishment.

The question is are you willing to make the jump and take the risk or forever be a basic income earner and play safe?

This is no different from the question of putting your money into Fixed deposit or the share market

If you're afraid of losses then gain a 3% from FD. If you're complaining on the low interest then why didn't you put into shares? Oh because it's high risk, then what do you want?

You can't keep dreaming about being somewhere in your mind achieving it if you're not taking the action.

U see, I'm not the only one who tell you that you mental stop you from archieve anything in your life ...

very difficult, no Power of attorney assignment, and the owner is still alive, although unable to perform any actions. I would recommend that you talk to a lawyer, this is a little beyond me. Perhaps a letter of probate is in order? Just throwing that out. Best of luck.

In serious kopitiam there is a thread by a lawyer (?) or perhaps a law student. You can try your luck there: https://forum.lowyat.net/topic/4230890/+120

Abam_Beruang
You can check with the bank that you have made the deposit into. You can ask them if there is any redrawable funds in the loan account or not
Bu the QE has ended by the time BNM lowered their OPR which all banks followed through and lowered their BLR and BR recently, by 0.25%. You are saying that BNM is.... manipulating the OPR to maintain it as low as possible? For what reasons?

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.

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

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.

Thank you for the reply. What do you mean claim it is temporary? I did google for Madam Leong’s case, my understanding is if the refinance loan higher than the spa the difference will not eligible for interest deduction. In my case i wanted to refinance after settle the loan and for madam leong’s case she refinance during servicing the loan. Is slightly different here.

Son, interest expense has got nothing to do with RPGT