for Alliance Bank housing loan refinance is around 4.47%. For cash out in Overdraft is 6.88%

Can get lower rate also. Probably 4.6 to 4.7

my property loan 99k, semi flexi conventional, 4.45% interest. haha

my property loan 167k latest rate 4.45. Balance 156k. Current property value 260k (neighbor sold last month). Now what is current rate bank offer? might want to refinance.

Currently alliance bank offer interest rate from 4.44% to 4.68%. If you got other debts such as credit card or personal loan, you can apply refinance loan under alliance one account, the cash out will help you to settle your credit card or personal loan. if you do not have any loan, you and cash out and standby. no use the fund no interest charge.

ok thanks

I wonder if cashing out additional money from housing loan to settle/consolidate one's credit card or personal loan, how does that pass their DSR?

Hi guys. What if the property value drop? Cyberjaya studio unit and saw many on bank lelong. Was thinking to change my mortgage to Flexi and the bank told me the solution is to refinance..

if property value drop, then there is no space for you to do cash out with refinance.

Thanks for the reply. Hmm ya guess I just can only keep holding it for the time being.

Hi TS,
my current house S&P is under me & my siblings names, siblings are all overseas, and house loan cleared already

Now planning to do some major renovation to the house, and get some cash for buying another property for investment

So if I'm to refinance, can I just get the loan under my own name only? bcos it's pretty hard to get the rest of the siblings to come home from overseas just to sign the agreements.

Lets say the property current market value is 1mil, can I just get a partial loan lets say 300k? 100k for renovation, and 200k for investment in other property?

sorry, really financing noob here, please help to clarify, thanks!

What is the total amount legal/lawyer fee if I refinance RM 250K?

you can apply the refinance loan under your name only which is the loan will beunder 3 party charge. However, even loan approved, during signing the loan agreement, your siblings still need to come back here to sign it.

estimated the legal feel will be around 7k.

haiz... that's almost impossible for now amid the covid-19 outbreak

seems my only choice now is to get a personal loan for the renovation...

but is that a good idea in this messy economic situation we are in right now?

think I'm gonna put it on hold first, having more cash less debt now is the way to go

Ya, too bad whole world is facing covid virus. That is why recently alot of client apply refinance to cash out for standby purpose.

usually how long it take to disburse for refinancing home loan? Currently at 1 month after sign bank LO and lawyer. Insurance also already approve.

Normally refinance will take around 3 month to disburse the loan.

noted. thanks

How about obtaining a refinance loan from overseas bank:
like below:
https://rhbgroup.com.sg/personal/home-and-p...efinancing-loan

Benefits: enjoy Singapore low interest rates..

What I want to ask is, what happens to the previous loan then?

Because SG banks don't communicate with Msia banks and share credit history..

is it then possible for a home owner to acquire a third Malaysian property by hiding the refinanced loan in SG bank.. i.e., instead of paying the 30% downpayment for 3rd prop, the home owner now is eligible for a 90% loan, since Malaysian bank can't see the SG bank refinanced loan.. to them, it will look like a full paid off loan.

This post has been edited by Liamness: Mar 10 2020, 04:13 PM