facebookI 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? - Seedly

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          Anonymous

          18 Apr 2019

          Property

          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?

          I have spare cash about 100k. Can i do refinancing with the same bank? What other cost that I should consider for refinancing? Anyone has recommendation which bank offer the best home loan?

          1

              Discussion (1)

              What are your thoughts?

              Hariz Arthur Maloy

              Hariz Arthur Maloy

              22 Oct 2018

              Level 15·Independent Financial Advisor at Promiseland Independent

              You should refinance it definitely. I wouldn't personally pay off the loan because I can generate a higher return than the loan interest.

              You can use a mortgage broker or an FA as they gave access to multiple loan options available and can do a comparison on the best one for you.

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