Anonymous

15 Nov 2020

∙

Hello all, refinancing question. I am in a position where I can refinance my house and go from a 3.3 to a 2.3 interest rate and with that a 15 year loan from a 30. Thoughts? 😬?

I am an investor of both my house (real estate) and stocks. Has your experience in refinancing been well worth it? Thank you!

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Daniel Kok

15 Nov 2020

If the purpose is to clear the loan ASAP, then yes! :)

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Caleb Seah Hua Xiang

15 Nov 2020

So you're shortening your loan tenure and decreasing your interest rate?

Which will cause an increase in monthly installment?

Is that what you're trying to do ?

What's the purpose behind this arrangement?

Peace of mind, Clear Loan to Pass down to next Gen?

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I took a bank home loan several years ago with flexible rate and the interest now has increased to 3.15% p.a. I have balance 250k for next 15 years. Shall I pay some part of my loan and do refinancing?

Should I refinance my home right now with a renovation loan and take advantage of low interest rates to remodel and add value to my home? Living with my parents, resale HDB 72 years left. Thoughts?

Now that property prices can go up to $1million and interest rates have gone up, it’s about time for me to refinance my housing loans…

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