Q & A › Category: Properties › Request for advice on housing loan and refinance
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lissa asked 9 years ago

Hi, would like your advice whether to do refinance or sell the property.The current market value is around 950k.
Current owe bank: 200k, the owner under AKPK, can include 2 siblings which are below 35 age (income around 7k)  to refinance the property for 900K?
Or it is better to sell off the property?

1 Answers
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KCLau Staff answered 9 years ago

Hi Lissa, either way will enable you to cash out the money from that property.
Which way is better? It depends on what you will do with the cash on hand after you get the fund. Another consideration – is there any RPGT on the property disposal?