I have a question, say my 1st hse used EPF Acct 2 to withdraw ady more than 10 yrs now. Current on TL with mthly repayment of RM750++ with balance princpal abt RM90K.

Now i'm planning to buy a 2nd home but i can't sell the 1st hse (huge investment mistake!). My wife can withdraw from her EPF Acct2 but new hse is RM400K. I dun wan touch my saving for the reno yet at the same time wans to reno the new hse come 6/2011.

What are yr thoughts on this:
Option1
Withdraw from my Acct 2 in EPF and used RM60k to reduce 1st hse principal and then refinance the hse and used the 60k to renovate new hse. Is this possible? DO i need to change bank?
Option 2
Alternatively used 60K from EPF to pay the mthly repayment which i'll be using the mthly savinbg of RM750 to renovate the hse when the time is due incl maybe take some small personal loan?

This post has been edited by Scissorshand: Jul 27 2009, 09:38 PM

I'm wondering if the 0% interest during cons, is really 0% or the interest is then equally transfer into the instalment once u start paying?

Just wondering for SCB BLR-2.2% Term Loan, on new house, is it mandatory to buy MRTA for RM351k loan? It'll cost me abt 20k at least? Although Phoebe of Kota Dsara branch mentioned she'll appeal for waiver on MRTA. I'm ok with non flexi but am waiting for reply in 2 days time.

Pls adv

This post has been edited by Scissorshand: Sep 24 2009, 06:08 PM

OPR just went up, expect another 25bps increase next week.