Aug 13 2008, 01:14 PM
QUOTE(JREnterprise @ Aug 13 2008, 11:09 AM)
Hi Guys,
I am thinking to refinance my old house to fund my new house. Is that possible? Any one have done this before?
Please provide me some information bout this, like how much is the interest, procedure and etc.
Thanks!
Of coz it can be done. Just ensure 2 things :I am thinking to refinance my old house to fund my new house. Is that possible? Any one have done this before?
Please provide me some information bout this, like how much is the interest, procedure and etc.
Thanks!
1. Current Vvaluation of your old house is at least 30% more than your outstanding loan.
2. that your total new monthly repayments for both house doesnt exceed 40% of your take home pay.
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