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 how does refinance work, refinance

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Chyan
post Jan 7 2024, 02:52 PM

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QUOTE(Pac Lease @ Jan 4 2024, 10:49 AM)
happy new year 2023A. feel free to ask for refinance matter here and i will advise it accordingly.
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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
Chyan
post Jan 10 2024, 03:38 PM

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QUOTE(Pac Lease @ Jan 10 2024, 10:36 AM)
happy new year. in your case, if you don't mind to pay the lock in period penalty charge then you can reapply the loan. Is depend which party want to buy back the another 50%. im not sure the other party will pay 100% by cash or will apply under loan.

lets said the other party want to buy the 50% from you and he wish to get the loan, then he will need to apply refinance loan.
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Let say the other party wants to reapply loan instead of cash to buy me out, what will I get back from this transaction?

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