No. I am not talking about your home with mortgage. No. I am not talking about your hire-purchase vehicle either. As most people understand, the mortgage of their home is the liability. You owe the bank money. In return, you need to charge your house title to the bank as collateral. So you think you actually have an asset to pay for your liability. You think your actual home is the "asset", that when you can't afford the installment, it can pay off your mortgage by being auctioned to third parties. You ...

There are so many different kind of homeloan package offered by bankers nowadays. No matters what kind of loan package we are getting, just remember to do refinancing when the penalty period is over. There is no such rule that bank cannot offer refinancing for their existing client.  However, most banks don't counter offer when we want to refinance. At least I faced this situation before. I took the HSBC homeloan package 3 years ago. The contract says that I can only settle the entire loan amount after 3 years. If it ...