ATTENTION REFINANCE YOUR PROPERTY NOW!!
Take
the opportunity to refinance your house NOW and get rewarded by Maybank. Now
Maybank is offering an attractive package that you can’t resist.
Grab
this chance before it expires 31/12/2014
Min
Financing Amount RM 500K
ZEC
(Legal Fees , stamp duty, disbursement fees & valuation)Borne by the Bank
up to 10K.
BLR
-2.50%
MRTA
Optional.
If
you want better rate with -2.60% you can option for our Non ZEC Package.
* Terms & Condition
Apply
Benefits of Refinancing
1) Lower
Monthly Mortgage Payments
For many
homeowners the possibility of lower monthly payments is a very appealing
benefit of refinancing. For instance, a refinance could extend the term of the
loan from 15 years to 35 years, which would reduce monthly payments. For
example, the monthly payments of a RM 300,000 mortgage with a 4.5% percent
interest rate would drop from about RM 2,295 to RM 1,419 by changing from a
15-year loan to a 35-year loan.
2) Lower
Interest Payments
Basically
a bank will revise their product every 5 years and they will certainly be
changes in the market. Study the interest rates and you will be surprised
whether the interest rates have gone up or vice versa. With interest
rates trending lower, it is a good time to review, restructure and refinance
your existing loans. This can save you a lot of money. For example, if you
reduce the interest rate of a 30-year RM 200,000 mortgage by just 1
percent--for instance, from 6 percent to 5 percent--you can save over RM 45,000
in interest payments.
3) Cash Out
Homeowners
who have a considerable amount of equity in their home may find they are able
to cash out some of this equity for other purposes. This may include making
improvements to the home, starting a business, taking a dream vacation or pursuing
a higher degree of education.
4) Debt
Consolidation
Some homeowners begin to investigate refinancing for the purpose of debt consolidation. This is especially true for homeowners who have high interest debts such as credit card debts. A debt consolidation loan enables the homeowner to use the existing equity in their home as collateral to secure a low interest loan which is large enough to repay the existing balance on the home as well as a number of other debts such as credit card debt, car loans, student loans or any other debts the homeowner may have. Most of homeowners doesn’t realize how much they can save their money and their time by consolidating their debt into one. They can even save up to twice of their saving.
Additionally, debt consolidation can also simplify the process of paying monthly bills. By settling of all of the other commitments, Homeowners can focus paying only her mortgage not needing to go other banks to settle of their debt.
