You should, if your current mortgage interest is higher than BLR-2% (i.e 3.55%) or else you are just paying high interest to your lender, no loyalty should be in you!
In fact, "refinance" should appear in your mind anytime as long as you are in mortgage loan debt or you are a property owner. Not only now!
You should, if there is a gap between you existing interest payable with current interest offered in the market from other lenders. Do your interest saving now without further delay! Do not wait!!!
You should, if you think your loan package is no more in fit to your current cash flow movement i.e change of career might give impact on your cash flow fluctuation, go and get the flexible loan package to save rather than stay in your existing conventional term loan!
You should, if you need cash for your own personal use i.e business set-up, renovation, education funding or emergency fund! Mortgage loan financing always is the best financing tool compare to others like personal loan, credit card ... because mortgage loan interest always is the lowest! Instead of applying personal loan, or use credit card loan to pay all these, better refinance yours!
You should, if you are in lots of debts! Check out yours, use your mortgage loan cash out to contra your high interest debts! Refinance with cash-out, get cash out from mortgage loan financing, again mortgage interest always the lowest, use the cash out to fully or partially settle other high interest debts! Then, pay only mortgage loan installment and your debt burden sure will be released a lot!
You should, if you do not favor to your existing lender services! Refinance to change your lender if any!
COMPARE, CHOOSE AND SAVE! Calculate yours now......
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i got a client who refinancing the existing property in damansara save a toyota camry even pay the existing bank penalty...
ReplyDeletesome more now a days there was some banks can absorb/ finance property.. wan to know more juz check with OSM consultant...