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Housing Loan dilemma [PLEASE ADVICE]

 
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hikochi



Joined: 13 Sep 2007
Posts: 8

PostPosted: Wed Mar 23, 2011 8:15 pm    Post subject: Housing Loan dilemma [PLEASE ADVICE] Reply with quote

Dear all Sifus,

I took up a housing loan years back where the BLR wasnt great and @ 6.9% O_o as of now. There is about 50K of principle still need to pay with 6 yrs repayment period and am wondering if its a good idea to refinance the house now to get a better rate? if not, what is the best approach to reduce the BLR nia?


Tolong tolong for this poor soul nia..
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teowmarvin



Joined: 23 Mar 2011
Posts: 1
Location: Kuala Lumpur

PostPosted: Thu Mar 24, 2011 2:15 pm    Post subject: Housing Loan dilemma [PLEASE ADVICE] Reply with quote

Dear hikochi,

well, depend on ur willingness or not, but since you still only left around 50k of principle and with 6 years payment, which means if u want to refinance, either u get for higher margin to refinance, else prefer you write a letter of request for lower interest rates to the bank, current BLR is 6.3%, normally if your case, assume that you are prompt payment, then you might get around BLR - 0.5% only. (due to the loan amount for principle less than 100k)

Well, if you want to do refinance (let say u need some urgent money), then need to see your property current value, then take for refinancing based on the margin that you wanted. This step I can help you.

Othewise, if you simply go for refinance but only take out the lumpsum 50k, I am sure very few people want to help you settle, because the BLR -??% also not worth for urself as well.

Please do not hesitate to call me at 017-3227782 for further more details.

Marvin Teow
OTS Group
Financial Advisor
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hikochi



Joined: 13 Sep 2007
Posts: 8

PostPosted: Thu Mar 24, 2011 9:10 pm    Post subject: Reply with quote

many thanks for the advise... Saved ur contact already Smile
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kennethyeang



Joined: 31 Mar 2011
Posts: 3

PostPosted: Thu Mar 31, 2011 11:56 am    Post subject: Citibanker Reply with quote

Dear hikochi,

I am Kenneth, a Citibank Mortgage Specialist.
I would be very glad to help you on your issue.
Just to let you know that Citibank just launched a "Dream Home" promotions which is very attractive for customers that having a very high interest rate in their existing loan. Please drop me your contact number so that I can explain to you in details regarding this package.

Thank you.



Regards,

Kenneth Tan
Mortgage Specialist
Citibank Berhad
Tel : 03-2383 9006
Fax : 03-2383 3304
HP : 019-4455777
Email: kenneth.cy.tan@citi.com
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Jameslionhart



Joined: 12 Apr 2011
Posts: 14
Location: Kuala Lumpur

PostPosted: Sun Apr 17, 2011 2:27 am    Post subject: Reply with quote

hikochi wrote:
many thanks for the advise... Saved ur contact already Smile


Hey if you are interested in getting one of the best rate or packages for mortgage please do let me know Sir? Because I have an outsource company which is tied up with dozen banks. So we can actually make a proposal for you to compare all the banks we have in Malaysia with financial information you provided. Is better doing this way than to beat around the bush with dozens of random bankers from dozens of random bank right?. So just drop your contact/name and several important details so we can assist and help you out truthfully. I`ll guarantee that you`ll be amazed by how easy we can get things done and your maximum satisfactory =)

* We do Properties, S&P and Loan Agreement as well.*

So everything you need we can provide. So please leave me your contact number. Then We'll sort everything out in no time.


If you got anything please do not hesitate to ask my friend =)

James Wong
016-6090013/012-2274995
Jameslionhart@hotmail.com
_________________
It is never too late to get your dream home =)
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