There are many reason why this 'action' is worth doing, amongst the common one are
- Lower the monthly installment
- Shorten the remaining tenure (e.g. from remaining 25 years to 20 years)
- Save interest (can be easily RM20,000 for every RM100,000 outstanding loan).
Saving money feels good.
Click here to check how long it takes to breakeven and how much you can save in next 5 years.