Dear all,
With the current uncertainties of BLR I've decided to move my rental home loan to a fixed interest one ASAP. I'm planning to dispose the house within 5 years (it's an investment property), so I just wanna ask around for opinions
Current market price : RM115000
Current Mortgage :
Balance : RM68000+
Time served : 2 years
Interest Rate (tiered) : BLR - 1.00 (Year 2 - Year 4), BLR (Year 5 - Year 10), BLR + 0.20 (Year 11 onwards)
Lock-in Period & Penalty : 5 years, 2.5%
Offered Mortgage :
Loan Amount : 90% (RM103000)
Interest Rate : BLR - 1.35
Financier : Same as above, no penalty cause its considered as 'redraw/remortgage'. MRTA topup free
Currently Looking at :
Financier : PBBank
Loan Amount : 90% ZEC (if can get)
Interest Rate : 5.40% p.a. for first 5 years
Lock-in Period & Penalty : dono years, 3%
Any other suggestions?
Finally Refinancing! :D, Need opinion :)