I received a query on debt management. Hi, Mr Lau, First of all, many thanks to you for giving me the free e-book. Its’ worth reading, cause I’m aware of unit trust investment now. As introductory, I’m female, age 33, working in a factory. I’m in debt, honestly. I’m in debt of personal loan, housing loan, credit card loan. However I’m also having passive income, if that’s correct to describe my monthly income from 3 acre land of kelapa sawit. But honestly I’m not a decision maker in financing. Would you please advise me on below problem; Debt ...

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 ...