Advise for refinancing or repricing.
Hi. I currently have an outstanding home loan of approximately $720,000 with Bank A. I would like to seek advice on which of the following options may be more suitable:
1. Reprice with Bank A – 1.6% fixed for 3 years (lock-in period).
2. Reprice with Bank A – 1.8% fixed for 5 years (lock-in period).
3. Refinance with another bank – 1.55% fixed for 3 years (lock-in period) - Tenure 28years vs 30years.
I would appreciate your guidance on the pros and cons of each option, including any fees, lock-in implications, or other considerations I should take into account.
Bought for ownstay but open to flip if price good. Who knows.
Let's say one is 28years another is 30years.
Longer or shorter better?
Tenure differ by 2 years kym?
Hi. I currently have an outstanding home loan of approximately $720,000 with Bank A. I would like to seek advice on which of the following options may be more suitable:
1. Reprice with Bank A – 1.6% fixed for 3 years (lock-in period).
2. Reprice with Bank A – 1.8% fixed for 5 years (lock-in period).
3. Refinance with another bank – 1.55% fixed for 3 years (lock-in period) - Tenure 28years vs 30years.
I would appreciate your guidance on the pros and cons of each option, including any fees, lock-in implications, or other considerations I should take into account.
Bought for ownstay but open to flip if price good. Who knows.
Let's say one is 28years another is 30years.
Longer or shorter better?
Tenure differ by 2 years kym?
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