Refinancing

[Squall8888]

Hello everyone, need some experts to clarify this.

Let's say I take up a 30 years housing loan to finance my private property. I am 25 years old this year.

Assuming there is no change to the CMs, and after 5 years, my loan will be left with 25 years. I will be 30 years old by then.

Can I refinance it back to 30 years? The loan will end on my 60th birthday (instead of 55th) which is still within the MAS rule. Is this possible?

Thanks.

[newbie11]

Hello everyone, need some experts to clarify this.

Let's say I take up a 30 years housing loan to finance my private property. I am 25 years old this year.

Assuming there is no change to the CMs, and after 5 years, my loan will be left with 25 years. I will be 30 years old by then.

Can I refinance it back to 30 years? The loan will end on my 60th birthday (instead of 55th) which is still within the MAS rule. Is this possible?

Thanks.

yes u can.....

[sunny88]

yes u can.....

I would caveat that you can under prevailing rules. Who knows what the future (cooling measures) heralds?

[Cupcakes]

if i'm not wrong is cannot after CM6.

[smellyfish]

the only snag with refinancing these days is that the banks are no longer allowed to provide legal subsidies. So it's a few k upfront just to do any refinancing.

[Cupcakes]

the only snag with refinancing these days is that the banks are no longer allowed to provide legal subsidies. So it's a few k upfront just to do any refinancing.
Think only anz provide free legal subsidy for refin

[Mbanker]

HSBC is currently provided Legal subisdy for refinancing only. Limted period only.