How to Refinanceyour Home Loans Smartly

Homeowners would benefit from switching their loans to a new loan with lower interest rates

Lower your monthly installment payment

Debt Consolidation

Using the Existing Equity in the Home

Shorten the term of your home loan

Combine a first and second mortgage

Reduce the interest you pay over thelife of the loan

Switch from conventional housing loan with variable rate to a fixed rate loan or Islamic loan (or vice versa)

Eliminate MRTA mortgage insurance

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Checklist to guide you on home loan refinancing

- the outstanding balance or ringgit amount left on the mortgage;- the remaining number of years on the mortgage; - the interest rate on the loan.

- the terms or the number of years of the new loan; and- the interest rate on the new loan. ( the latest interest rate can be as low as BLR – 2.4% )

- processing fee or application fee;- credit check fee;- legal fees;- stamp duty;- disbursements fee;- valuation fees; and- redemption fees (if applicable)

- check http://www.imoney.my/home-loan to shortlist the suitable offer- Conventional home loan packages- Islamic Home Financing Packages