Sunday, March 23, 2008


Although our humble crib is just coming to its 2nd year, I've been thinking if we should consider to refinance our home loan in the near future.

There are several reasons why people tend to refinance their home loan. Some just wish to save on interest cost especially when there are better home loan package offered by other financial institutions. Some just want to reduce their monthly payment. Others would either wish to lessen or to prolong their loan repayment period. On certain cases, some may want to cash out the home equity for other emergency needs e.g children education, medical expenses or business opportunities. Of coz, there are those who would like to benefit better flexibility in managing their cash flow and to consolidate debts into one with the lowest interest charges. However, I believe many would consider to refinance their home loan mainly to save on Mortgages interest which I heard can be an enormous amount....


cindy said...

Humble or not, Aunty J, at least you have your own crib! Nothing beats that! I'm dreaming of getting my own crib too - but not until I get married maybe. Coz that way, I can share the burden of paying the hutang! Hahahaha!

Aunty J said...

Hahaha...ya tht's one of the good things with marriage life. You'll get to share the hutangs (but hutangs here confined to family hutangs only exclude personal hutang kik..kik..kik..!!)!! ;p