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 Refinance home loan within lockin period, Is it a wise move?

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b00n
post Nov 12 2008, 02:57 PM

delusional
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QUOTE(shiewwai85 @ Nov 12 2008, 02:51 PM)
haha...maybe there are some mistake between the sales executive and you. for me, i will show you the board rate and confirm you can get the rate. there are many factors that you can get the rate..dont jes blame the individual itself..look into the factors and try to rethink..did the sales executive from bank giving wrong information or vice-versa..if the sales exec giving wrong information, you should complaint he/she to their manager or even bank complaint department. is very important to make our customer clear on what we offering. if we say different, is consider as CHEATING!!! you can bring this us to bank negara.

thanks.
*

I think what pai meant is the bank is offering BLR -2.2% but not to every offer.
So in a way, by advertising that would be misleading unless you can confirm that everyone who is eligible would get the -2.2 as a lot of time, one might not be able to.
Especially when the factor is in regards to LTV, tenure, risk profile of customer, valuation report on properties etc..

As in my case, my previous loan sales agent didn't promise me a high "minus" in BLR. She gave me a rate that everyone is confirming getting, however she did help me get a better rate which obviously she wouldn't promise at the start of the deal.

b00n
post Nov 12 2008, 09:42 PM

delusional
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I just had a discussion with my colleague in regards to Alliance's mortgage package. And from his news, his sales agent is telling him that he was among the last bacth to have the -2.2% for the first 2 years, and for the rest of the tenure is -2%.
btw, his loan was approved early last month.
And his agent is also telling him that business is tight as the bank's shutting the tap also. Now it's like 10% approval, i.e. 10 submissions only 1 approved.

Just an infor to share since I just get to know about it.

 

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