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