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Anonymous

18 Apr 2019

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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?

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?

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Hariz Arthur Maloy

22 Oct 2018

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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