Yes, you may refinance up to 90% of your current house's market value. So in order to get RM150k loan, your house market value much be at least RM170k + -

1) Yes, you may include all the transfer charges but the money is come from the extra cash out after refinance.
2) The money you can get is depend on your house market value, the higher the more you get. Then you minus the charges you use to transfer name then the balance will be your extra cash.
3) Zec mean zero entry cost, which mean bank pay all the legal fee for the loan agreement.
  Non Zec mean non zero entry cost, which mean bank will not pay all the expenses, you have to pay it yourself by cash.
  The another one will be FEC, meaning finance entry cost, the bank will finance all the cost into your loan.
4) For flexi loan, there is no one is perfect or best, get the bank that most convenience to you and the package that suit you.

is good for you to do refinancing and take out the RM 20k to setttle the cc and also start the own business

but regarding the EPF, i think u better think twice, because not worth it...

your epf current interest = 5%(if i am not mistaken)
but your housing loan after refinancing  =  BLR-. 1.40% (let say)
                                                          = 5.55 - 1.40 = 4.15% only

so do u think is that worth to take out the higher interest tool(EPF) to cover the lower interest tool(HL)??

so..think twice...

Even you have RM60k in Account 2, you cant just take the RM60k like that. You can only use the acc2 money to pay part of the installment and also down payment for new purchase of property. And also if you still can afford to pay the interest, better not to withdraw money from EPF, as you getting more interest from EPF then you saved if you take to pay the loan.

About your question,let say you have RM60k in hand,
The above 2 option have no different in total interest paid, you may just dump in the RM60k into the flexi loan then both interest will be the same already. The only different is the monthly installment amount. But if you choose option 1, meaning you getting under RM100k loan, so you cant get the zero cost package thus there is more cost you have to pay.

If you need help in getting the loan or need and calculation for the different option and package, you may contact me always
Onn
017-6100337

---

Added on September 18, 2009, 1:24 pm

I remember i've write the different for both in some thread. Let me find it out and post the link here later.

you have to take the risk you wanna do it. car loan interest is already fix from the 1st day you get the loan, and BLR fluctuation didnt effect it.

housing loan interest can be affect. what happen when BLR go up?

the remaining cash use to pay credit card and personal is worth it lah...

You cannot transfer MRTA, you must get a new one if you change to another bank.
You can bring your previous MRTA policy to the MRTA insurance company to get some refund if have (value that you haven't use up).
Then you need to get a new MRTA for the new loan if you want to continue get assured.

If you need quotation for your new MRTA, you may pm me your loan detail. I can give you some good offer if you take MRTA with me.
Beside, maybe you can consider to take MLTA also, as it's give more benefit then MRTA and MLTA is fully transferable.

Goodluck.
Onn