how does refinance work

Pac Lease — Tue, 26 Mar 2019 09:40:20 +0800

HI, just want to share and explain in detail what is call refinance property loan. This is the example show as below :

1. property market value at 500k
2. outstanding loan is 200k
3. margin of finance is 90% of the market value

so, 500k x 90%= 450k.

450k-200k=250k

so after refinance his loan structure will be show as below :

1. housing loan : 200k
2. cash out (OD): 250K
---------------------------
Total loan : 450k

there is some reason why client wanna to refinance their property show as below :

1. standby fund for future use.

2. for education

3. to transfer the existing property ownership to other person

4.to debt consolidation existing loan into one account such as credit card, personal loan or car loan.

5.business use.

Housing and Shop Loan

Pac Lease — Mon, 20 May 2013 10:41:26 +0800

Dear All,

My Name is Luis Lee, doing mortgage loan for ALLIANCEbank. Currently serving mortage loan for Residential and Shop Loan. I do provide loan services such as ;-

A. Residential Loan
[b]
1. SUBSALES ( 2nd hand house )
2. REFINANCE ( transfer the outstading loan from current bank to ALLIANCE bank, plus additional cash withdraw with overdraf account )
3. Type : Apartment, Condominium, Townhouse, Double storey house, Semi-D, Bungalow

B. debt consolidation
1. to settle your credit card and personal loan
2. to reduce your DSR
3. get more cash in hand

Thanks and have a good day

Luis Lee
ALLIANCE BANK MIDVALLEY BRANCH
013-280 6313
Leekf@alliancefg.com

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how does refinance work

Housing and Shop Loan