Home Loan Refinancing Help Businessman to Secure More Projects

Are you interested in securing more projects and make more money for your business? Curious to know how home loan refinancing is related to your business improvement? Especially, for those young businessman who started with a small and limited sources company.

Perhaps the below case study will helps to illustrate the idea of how refinancing benefits to a businessman.

CASE STUDY

Customer: Mr. GHI
Original Home Loan Amount: RM350,000
Original Home Loan Tenure: 30 years
Remaining Home Loan Tenure: 23 years

Current Property Market Value: RM500,000
Refinance Home Loan Amount: RM450,000 (90% of RM500,000)
Refinance Home Loan Tenure: 23 years

COMPARISON: BEFORE REFINANCING VS. AFTER REFINANCING

• Mr.GHI needs to pay an extra monthly installment of RM389 after refinancing. But, he has an extra cash RM138,775 in hand for him to use for his business
• Mr.GHI may pledge an overdraft facility using the extra cash. It will allow him to obtain bank’s guarantee (BG). The BG might important for his business on securing more projects.
• Home loan tenure remains 23 years after refinancing