Home Loan Refinancing in Malaysia: Benefits and Savings

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Refinance your home loan to save more money

This is a very simple concept and practise to always refinance your home loan for better package when it is available. In Malaysia, foreign banks are moving in and you should expect more and more competitive mortgage offer available to you. Banks only make profit after a few years you pay the installment because they need to recoup the acquisition cost at initlal years.

You will find all the relevant resources and articles about mortgage refinancing in Malaysia 

Benefit of REFINANCING 

  1. Lower the installment payment
  2. Debt Consolidation
  3. Using the Existing Equity in the Home
  4. Shorten mortgage term
  5. Combine a first and second mortgage
  6. Reduce the interest you pay over the life of the loan
  7. Switch from a variable to a fixed rate (or vice versa)

Malaysia Bank Customer Service Call Center 

You can check the status, interest rate, tenure, outstanding loan and other details of your home loan by calling your servicing bank call center

* AmBank 03-2178 8888
* AIA 03-2056 3207
* Alliance Bank 03-5516 9000
* CIMB Bank 1300 88 0900
* Citibank 03-2383 0000
* EON Bank 03-2148 8077
* HSBC 03-2050 7878
* Hong Leong Bank - 03-7626 8899
* Maybank 1300-88-6688
* OCBC 1300-88-5000
* Public Bank 03-2176 6000
* RHB Bank 1800-88-9922
* Standard Chartered Bank 03-7711 8888
* United Overseas Bank 03-2612 8121

Great Stuff on Amazon 

How to Buy a Home With No or Poor Credit

Amazon Price: $21.33 (as of 12/10/2009) Buy Now

Mortgages 101: Quick Answers to Over 250 Critical Questions About Your Home Loan

Amazon Price: $11.53 (as of 12/10/2009) Buy Now

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by KCLau

I am a blogger who blog about Squidoo at KCLau's Money Tips on personal finance topics.
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