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Anonymous
Iām asking from a perspective of how to calculate the amount to repay the bank in situation of early redemption. I want to do a round of calculation before I go to the bank. Please advise. Thanks.
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Teo See Hwa
20 Mar 2019
MArketing Associate at Propnex
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You need the exact interest rate on your mortgage. Create the amortization table for your loan. See the balance at the end of 5years. Add any fees if any.
Just get the loan specialist at the bank to provide u with the amortization table. You dont need to calculate yourself.
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Every year the bank give you a statement, just look at the statement.