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 Opinion Needed for Home Loan Interest Revisions., Current Interest is too high

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TSjacek
post Jul 21 2008, 11:27 AM, updated 16y ago

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Junior Member
99 posts

Joined: Jul 2008


Guys, I'm currently appealing for lower interest rate from my existing bank which I took the home loan.

I've purchased a property back in early 2007 but was only offered -0.75% back then and if to compare with today's rate, we can get easily -1.7% and above.

Before I proceed further with my appeal letter, I would like to seek advise or opinion from those who has done it before.

I was told by the bank that my loan is within a year from the date of CF being issued, the chances of getting the interest rate revise is rather slim ... is that true?

If I plan to change to other bank with better rate, do you think the potential bank will absorb the penalty charges from my existing bank as I have yet to complete the loan probation period?

Thanks in advance for your advise.



X-Zen
post Jul 22 2008, 09:08 AM

Yatta!
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Senior Member
566 posts

Joined: Sep 2005
From: Compulsive Disorder Land


bro,

i applied b4 and the bank revised to a better rate but they refuse to match what other banks are offering me so i still plan to refinance.

their lost

 

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