Aug 27 2019, 11:53 PM
QUOTE(wild_card_my @ May 2 2019, 07:49 PM)
5. When you choose to refinance, consider advantages below, if they are suitable, go ahead and do so:
a) lower interest rates than the ones you are currently experiencing
b) longer tenure (new products, longer tenure)
c) returned capital (some of you have mistaken taken long and expensive ASB-f insurance, and would receive very little capital, you can get the rest from the insurance companies later but that is besides the point)
I have 200k with asb1 since 2013. Total now is 300k in the asb1. Interest rate is 4.9 with mbb. They advice me to refinance with lower 4.85 rate given. My concern now my total tenure is 25 years since 2013, which means I have another 19 years to settle my loan and get the full amount of 200k back from mbb. If I accept the refinance from mbb meaning I have to start again the new 25 yrs in order to settle everything to get the 200k back, does it means I rugi ka?
19 yrs vs 25 yrs to get the 200k that belongs to me? Which one better? Oh ya, they say will return the surrender value 32k to me. But my concern is I have to start another new 25 yrs vs the 19 yrs....any idea?
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