Switching home loan from one bank to another? Here are 3 ways to successfully negotiate a balance transfer
2 years, 2 months ago

Switching home loan from one bank to another? Here are 3 ways to successfully negotiate a balance transfer

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“Home loan starting from 7.5% per annum”. A home loan balance transfer is when you transfer the balance from one bank to another, usually to take advantage of a lower interest rate. However, if you’ve been with your current lender for a long time, you may be able to negotiate your transfer of home loan without paying exit fees. Conclusion The process of switching home loans can be a daunting task, but there are ways to successfully negotiate a balance transfer. If you can successfully negotiate a balance transfer, you can save money on your monthly mortgage payments and pay off your home loan sooner.

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Transferring your home loan balance? Avoid these mistakes to save more
2 years, 1 month ago

Transferring your home loan balance? Avoid these mistakes to save more

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Home loans are one of the best mediums seen to help a citizen purchase their dream house. A home loan balance transfer is usually the transfer of outstanding loan amounts from one lender to another. Usually, a home loan balance transfer is done to achieve lower interest rates, better tenures, or even better services. Although, transferring a home loan balance …

Factors to consider before opting for a home loan balance transfer
3 years, 4 months ago

Factors to consider before opting for a home loan balance transfer

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The ongoing low-interest rate regime has led many banks and housing finance companies to offer home loan interest rates starting as low as 6.65% per annum. Calculate savings in the overall interest cost: The primary reason for opting for a home loan balance transfer is to reduce the overall interest cost of the loan, especially those availed at a much …

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