Home Refinancing enable you to have better loan rates and extra cash for investmentAlhamdulillah before the end of this year I manage to acquire one property and refinance one property.
Why refinance? One of the reason is to have better profit rates and more cash in hands. My previous loan is BLR + 0.1% with no ceiling rate (conventional loan) but the new loan is BLR - 1.9% with ceiling rate of 10.25% (Islamic financing).
I also extend the lending to reduce monthly installment. With cash in hand from refinancing exercise enable me to prepare for next year investment.
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