Happy new year.

Thanks for the informative thread Pac. Learnt a lot.

I have a question. In a case of a buy-out from a joint purchase between two people, what is the breakdown of the portion for buy-out? Does it go back all the way to the 1st installment? Initially, everyone contributed 50:50. The other party will pay 100% of the loan but still within lock-in period of 2 years due to SPA being signed just over a year ago. Transaction is purely business. No personal relationship.

Appreciate your feedback on this. Thanks

Let say the other party wants to reapply loan instead of cash to buy me out, what will I get back from this transaction?

Hi TS, I have question and need opinions from you. I am still a noob on this.

Details.
1) Property valued at RM460k
2) Effective Rate - 4.30%
3) Outstanding loan - 284K
4) Monthly repayment - 1.4K
Question
1) What is the current rate if I were to refinance ?
2) Will I be able to cash out and how much will it be if I can?
3) What will be the repayment amount with the new interest rate for say 30/35 years? OR if I were to keep my monthly repayment at the same price (RM1.4K), how long will the loan tenure be?
Thank you!

Thanks for the sharing. If this is the case, is there a refinance work that I do not wish to cash out but just to get a better installment/shorter tenure? If yes, how will my payment look like then?

Hi may I know, lets say after loan approved for refinance, do I need to go land office to settle or bank will settle it?

owh ok thanks for response..may I know why its takes long time at land office?

noted will do that..thank you

Hi TS Pac Lease, I have question regard top up vs re-finance

Details:
1) Property cost at RM370k (2012 value) and haven't done any valuation yet since then.
2) Effective Rate - BLR - 2.4% = 4.25%
3) Loan amount : RM252k
4) Outstanding loan : RM44k
5) Monthly repayment : Rm2.2k (roughly left 1 year + can finish as sometime i pay extra)

What's the pro of Top-Up if compare to refinance?

Judging that i might just wan to loan maybe 70k~100k for 5 years.

Kenak reject for Top-Up cause my overall CC utilisation too high 

Anyway to increase success rate ?

You mean each CC cannot exceed 80% of total credit limit (as i have multiple CC and few of them utilised the balance transfer 0% before which should have exceed  )

Ouch... guess need to re-check everything again before re-apply then.

Thanks

Can try to increase your CC limit

CC utilisation because mostly balance transfer 0% those 
Bank Harimau initially give me 15k when i started working that time already where my salary was 1.5k / month.

After another year later i bought my first house where as afterward whenever i request increase CCL, never approved.

But other banks just keep sending me msg and instantly approved, lolz ...

Same with me. For me Maybank very difficult to increase credit limit. Other bank sometime auto increase limit.

Actually compare CC cash out (example 3.29% p.a. yesterday standard chartered called) vs re-finance (example 3.85% p.a.) at amount of RM30k.

Which one is better ?

3.29% probably is flat rate, means effective rate 6%++

Property rates 3.85% is effective rate.

So which better? of course we're comparing rates now, not others such as legal fee, time consume for disbursement etc etc

why?

pay more interest is better?

CC cash out is at fixed rate, housing loan is at effective rate. At this rate, CC cash out is cheaper.

But judging by the legal incurred for refinancing, it will not be worth it either.

Better look for 0% cash advance or 0% BT

Both of you know what you guys are talking or not lol. You guys are confusing eveyone

ok you've edited...so now we know CC Fixed interest rate i3.29% s higher then refinancing 3.85%.

so TS why CC Cash out still better?