Are you interested in making more money for retirement planning? Refinance your home loan. It is a good option to help you in achieving your retirement goal and savings plan by using bank’s money.
Case Study
Customer: Mr. DEF
Original Home Loan Amount: RM500,000
Original Home Loan Tenure: 30 years
Current Property Market Value: RM650,000
Refinance Home Loan Amount: RM585,000 (90% of RM650,000)
Refinance Home Loan Tenure: 28 years
Comparison: Before Refinancing VS. After Refinancing
- Current Installment has been reduced to RM2,750 instead of RM2,850
- Extra positive cash flow of RM100 every month
- Home loan tenure remains 28 years after refinancing
- Extra cash after refinancing: RM585,000 – (RM486,302 + RM15,000) = RM83,698
What Can an Extra RM83,698 in Cash Do for You?
- Invest and maximize your cash into higher yield investment interest
- Pay-off your high interest debt to save interest money
- Setup emergency funds
Amanah Saham
Unit Trust
Structured Deposit
Credit card
Personal loan
Children education funds
Medical funds
Holiday trip funds
Property investment funds
Insurance for family members
