Mortgage Loan Refinance, Should I refinance?
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 Sep 15 2023, 10:33 AM, updated 3y ago
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#1
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Junior Member
234 posts Joined: Mar 2012 
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Hi guys,
I have 2 mortgage loans, with EIR of 4.25% and 4.3% respectively. I'm wondering if these rates are considered reasonable and if it is better for me to refinance them at lower loan packages, if there is any? Thanks for your advice! This post has been edited by blackie19: Sep 15 2023, 12:58 PM |
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Sep 15 2023, 01:51 PM
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#2
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Junior Member
234 posts Joined: Mar 2012
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QUOTE(poweredbydiscuz @ Sep 15 2023, 12:53 PM) You need to pay all the legal fee, disbursement fee, stamp duty, valuation fee, mrta again. I wonder if there's any bank that can waive all these charges and offer a low interest rate. |
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Sep 15 2023, 02:45 PM
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#3
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Junior Member
234 posts Joined: Mar 2012
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QUOTE(pillage2001 @ Sep 15 2023, 02:42 PM) Just did a refinance to SCB for 3.8/3.9% from 4.32%. Suggest you can look into it. Thanks for the info. Much appreciated. |
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Sep 15 2023, 03:19 PM
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#4
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Junior Member
234 posts Joined: Mar 2012
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QUOTE(pillage2001 @ Sep 15 2023, 02:48 PM) If you're seriously looking for it, prolly you can give me you number. I'll ask my agent to contact you. I just clicked on the link posted earlier in the thread and submitted my info, i assume that's the same SC bank mortgage offer that you received. I'll wait for SC to contact me and if I do not hear from them within 5 working days, i will contact you. Thanks! |
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Sep 20 2023, 09:32 PM
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#5
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Junior Member
234 posts Joined: Mar 2012
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QUOTE(pillage2001 @ Sep 15 2023, 02:42 PM) Just did a refinance to SCB for 3.8/3.9% from 4.32%. Suggest you can look into it. 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? |
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