Refinancing Home Loan to Save Mortgage Interest and Be Prepared For Recession

Some reason why you should look at housing loan agreement and current interest rate paid to bank.

My flexi loan is locked at BLR-1.3% and  current BLR is – 2.4%.  majority of house buyers before 2008 will tend to gain at-least  25% increase in property value.  What will be the benefit if one decide to refinance ?

  • cash out the home equity for other investment or expenditures
  • Reduce monthly repayment
  • Instant saving on interest cost
  • Readjust loan tenure
  • Better cash flow
  • Consolidation of loan

These are just my thoughts and not to be mistaken as professional advise.Please do your research before making any decision and as usual.

Freedom from debts keeps the mind free from worries, unless the mind is clear of what its doing

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One Response to Refinancing Home Loan to Save Mortgage Interest and Be Prepared For Recession

  1. alrod says:

    Your thoughts may be good but you should improve your grammar. mistakes reflect badly on your writing ability

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