Mar 31 2009, 12:26 AM
Talked to 1 company before and they charge a certain % of the amount that you can save.
Sorry to say this but these companies prey on people who are ignorant about other options out there that helps them save in their interest/ pay lower monthly installment. Example of these options would be refinancing/ negotiating with your current bank for better rates.
Added on March 31, 2009, 12:34 am
QUOTE(ledfoot @ Mar 25 2009, 10:04 AM)
I meant whether refinancing is faster than a loan to purchase property. There should be less paperwork, right? Will it still take 3 months+?
Added on March 25, 2009, 10:11 amWant a package where the bank is actually sharing some of my penalty and not just helping finance.
If the bank is not abosorbing part of my penalty to gain me as a customer I might as well just choose the lowest flex rate available and finance the penalty myself...
I personally feel that if you are able to pay the penalty fee, then you should just do it. If you finance it, you will have to pay a compounding interest on the financed amount. Bank won't absorbed one la. Say is absorbed only but the interest rate diff. You need a independant MG "consultant" to help you through the calculation. If attached to bank sure biased 1. Coz last time I was a banker and I was abit biased as well. Need to hit target. Added on March 25, 2009, 10:11 amWant a package where the bank is actually sharing some of my penalty and not just helping finance.
If the bank is not abosorbing part of my penalty to gain me as a customer I might as well just choose the lowest flex rate available and finance the penalty myself...
But now I'm doing freelance so no obligation to any bank. Can freely apply any bank for my client.
This post has been edited by GoldenLady: Mar 31 2009, 12:34 AM
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