Hi sifus, i need some advice on home loan refinancing. Here's the situation:

1) Plan to refinance a fully paid property (market rate around 850K). I can only get 70% max (595K).

2) With 595K, i would like to get a bigger unit in the same condo i m staying (priced @ 680K), max 70% loan (DP need 204K).

3) Balance of (595K-204K) 391K, should I: (A) dump 391K into my other home loans (I got existing 4 home loans) or (B) put 120K EPF self contribution & balance 271K into other home loans?

4) I have several home loans so should I put some amount to all home loans to reduce interest or settle 1 of the home loans and then put the balance into the rest of the home loans?

Thanks in advance for your advice!

you means put more on DP for the new property?

Actually, if i refinance 70% (house 1) then with the cash payout I settle one of my home loan (house 2), can i borrow my 3rd property (house 3) with 10% DP?

Thank you for the advice!