Refinancing My Home Loan

After 5 years of being a loyal paymaster to an international bank, I finally decided to refinance my home loan.

This time I'm choosing a local bank simply because they have offered me a fantastic interest rate. So far their service has been nothing but fast and efficient. So I've got no complains.

And from a 30-year loan with the international bank, I'm reducing it to 6 years with the local bank. I'm extremely motivated to do so after calculating the total amount of interest I would have to pay if I had chosen the 30-year loan. I could buy another property with that kind of money. So I'm not gonna let the bank earn a single cent more from me !

I might have to make some sacrifices for the next 6 years because when I reduce the loan tenure, the monthly payments increases. But I think it's an effort that's well worth it. I can already imagine the feeling of having a fully-paid-up property in my name in 6 years time !