mine is 4.89%... do you ever think of refinance?

i just feel 4.89% very high

For me anything above 3.8 for long term loan is considered high.
Crossed my mind but I'm not knowledgeable enough to do my own research on it. Afraid might end up with same total cost at the end of tenure. My past experience with banks made me conclude they are not filled with honest people.

Hi, anyone looking for refinance or free consultation on your current mortgage loan, can pm me ya. I can provide free consultation and calculation for you.

4.89 is very high, i can help you look into details, have dropped you a pm

4.89 is very high, i can help you look into details, have dropped you a pm

SCB called me, apparently for their offer of 3.8/3.9% you would need to foot the bill for all costs, i.e legal fee et al.

If the bank were to absorb the fee to make it total zero moving cost, the interest rate would be 4.2%.

May I know for your case, was it total zero moving cost for you when you moved to SCB?

I also get the same offer, my current loan interest at 4.5%. So choosing either 1 also benefitted.

Now is whether choose lower interest rate without zero moving cost or choose higher interest with zero moving cost….. I do some rough calculation, if we choose to serve the loan more than 10years, then should choose lower interest, if we do more principal prepayment and might settle the loan within 10 years, then should choose zero moving cost.

I did have to foot the legal fee but in the grand scheme of things which I have a 450k loan on a 4.55% rate that I can pay off with the extra money I get, I reckon it is a good deal for me.

Anyone looking for info on refinancing / cash out / loan advice, can pm me for free consultation ya.

I have an existing loan of 260k which I plan refinance. Current rate is at 4.3% n I heard the current rate can go as low as 3.8%. But I also wish to learn more on the cost for refinancing. Anyone can enlighten me?