Enye Hypersonic September 28, 2015 Share September 28, 2015 thought I'd bring this up again since it is a hot bed with the current pending increase in rates. Which would be the most competitive now? full cash ↡ Advertisement Link to post Share on other sites More sharing options...
RadX Moderator September 28, 2015 Share September 28, 2015 full cash eh mr $700k cash fellow....dun play play lah. That is a good point tho. Shd I just settle my loan once n for all? or refinance? Link to post Share on other sites More sharing options...
Enye Hypersonic September 28, 2015 Share September 28, 2015 eh mr $700k cash debt fellow....dun play play lah. That is a good point tho. Shd I just settle my loan once n for all? or refinance? i no play play full cash is what table wiper taught me for the last 10 years Link to post Share on other sites More sharing options...
Porker Turbocharged September 28, 2015 Share September 28, 2015 i no play play full cash is what table wiper taught me for the last 10 years Property I can't full cash but i did full cash the $70 mooncake 😂 1 Link to post Share on other sites More sharing options...
Little_prince Supersonic September 28, 2015 Share September 28, 2015 given the pending crash you could potentially capitalise with it with the cash on hand. double it in 2 to 3 years? worth it to pay full cash just to save the few k of interest? eh mr $700k cash fellow....dun play play lah. That is a good point tho. Shd I just settle my loan once n for all? or refinance? Link to post Share on other sites More sharing options...
Sunny Hypersonic September 28, 2015 Share September 28, 2015 RadX, on 28 Sept 2015 - 12:29 PM, said: eh mr $700k cash fellow....dun play play lah. That is a good point tho. Shd I just settle my loan once n for all? or refinance? settle partial by cash within your means? any balance loan refinance, balance cash wait for investment when opportunity come (only god knows) im debt free now. my car last instalment paid up few days ago. can join latio2005 shiok shiok liao 2 Link to post Share on other sites More sharing options...
CH_CO 6th Gear September 28, 2015 Share September 28, 2015 (edited) haha , anyway , you can probably discuss with the banks for early redemption of loans or "refinancing" . Things to take note. 1. Most banks will offer you "promotional rates" for the first three years. I would prefer a fixed rate than a flexible one. Some banks "fix" these rates while others peg the rates at either a discount/markup off a published loan rate (e.g Sibor , CPF etc etc) or a markup from the bank's prime rate. Having a flexible rate is dangerous in the event of a hike in rates. 2. Most banks if not all banks will impose a penalty for borrowers repaying the loan and redeeming their mortgage within the first few years. The penalty is usually set at 1 per cent but if can be adjustable depending on the terms of your contract and the housing loan amount if the loan is redeemed within the first two years. However, it is common practice that banks would impose a longer/higher penalty if their promotional package is very attractive. There is usually also a penalty on partial repayments of loans. Please make sure you read up the terms of penalty , most banks if you refinance with the same bank would be able to help , else the next bank should offer to bear the cost of the penalty if they are eager for the bussiness. Don't trust what i say , best to check with the loans officer or anyone which is still active in the credit biz. Edited September 28, 2015 by CH_CO 1 Link to post Share on other sites More sharing options...
RadX Moderator September 28, 2015 Share September 28, 2015 settle partial by cash within your means? any balance loan refinance, balance cash wait for investment when opportunity come (only god knows) im debt free now. my car last instalment paid up few days ago. can join latio2005 shiok shiok liao wohooo...another retiree on board...hahah Link to post Share on other sites More sharing options...
Throttle2 Supersonic September 28, 2015 Share September 28, 2015 settle partial by cash within your means? any balance loan refinance, balance cash wait for investment when opportunity come (only god knows) im debt free now. my car last instalment paid up few days ago. can join latio2005 shiok shiok liao Welcome to the Club Link to post Share on other sites More sharing options...
Sunny Hypersonic September 28, 2015 Share September 28, 2015 RadX, on 28 Sept 2015 - 12:47 PM, said: wohooo...another retiree on board...hahah haix..cant retire yet... need to accumulate $ for future Throttle2, on 28 Sept 2015 - 12:48 PM, said:Welcome to the Club must thank MCF bros Link to post Share on other sites More sharing options...
CH_CO 6th Gear September 28, 2015 Share September 28, 2015 Welcome to the Club Sad still slogging. HAizzz Link to post Share on other sites More sharing options...
Enye Hypersonic September 28, 2015 Share September 28, 2015 Property I can't full cash but i did full cash the $70 mooncake 😂 aiya don't say you lah got mooncake also never share must thank MCF bros please advise which MCF form should i download and fill for assistance on paying off my debt? Link to post Share on other sites More sharing options...
Sunny Hypersonic September 28, 2015 Share September 28, 2015 (edited) Enye, on 28 Sept 2015 - 12:59 PM, said:Enye, on 28 Sept 2015 - 12:59 PM, said: aiya don't say you lah got mooncake also never share please advise which MCF form should i download and fill for assistance on paying off my debt? lolz..... tell you a joke..that day I told my CO, so shiok I debt free liao. CO said she debt free dunno since when..now den I say. I think get application form from "outside" maybe better den MCF Edited September 28, 2015 by Sunny Link to post Share on other sites More sharing options...
Throttle2 Supersonic September 28, 2015 Share September 28, 2015 Sad still slogging. HAizzz At least you got a job...... Link to post Share on other sites More sharing options...
CH_CO 6th Gear September 28, 2015 Share September 28, 2015 (edited) Boh loan to repay and hide at home too long my mom chased me out to work Jia PA di Chu Dan bor Qi. That said soft rice not bad to eat. Edited September 28, 2015 by CH_CO Link to post Share on other sites More sharing options...
Ben5266 Supercharged September 28, 2015 Share September 28, 2015 eh mr $700k cash fellow....dun play play lah. That is a good point tho. Shd I just settle my loan once n for all? or refinance? Stock market is crashing. You can use your cash to save the market. National service at the same time can earn big big when the market recovers. Borrow more! Link to post Share on other sites More sharing options...
CH_CO 6th Gear September 28, 2015 Share September 28, 2015 Stock market is crashing. You can use your cash to save the market. National service at the same time can earn big big when the market recovers. Borrow more! Wah when crash huh? Link to post Share on other sites More sharing options...
RadX Moderator February 17, 2016 Share February 17, 2016 any idea wat is e best rate and which bank is offering them. seems gd time to save some $ on interest now pls advice gd lobang seems like the best deal is ocbc. think i sell my home go stay sembawang beach for life ↡ Advertisement Link to post Share on other sites More sharing options...
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