Getting A Better Interest Rate

[bkkmick]

Hi

We've been living in our house for three years now and paying the same mortgage payment from the beginning.

I've been thinking about shopping around for a better interest rate (well getting the wife to shop around) and was wondering if anyone has managed to change their mortage to a new lender at a better rate here in Bangkok?

(I have a friendly broker in the UK and have remortgaged my flat a few times over there getting a better interest rate and therefore cheaper payment each time.)

Thanks

Mick

[steveromagnino]

Hi

We've been living in our house for three years now and paying the same mortgage payment from the beginning.

I've been thinking about shopping around for a better interest rate (well getting the wife to shop around) and was wondering if anyone has managed to change their mortage to a new lender at a better rate here in Bangkok?

(I have a friendly broker in the UK and have remortgaged my flat a few times over there getting a better interest rate and therefore cheaper payment each time.)

Thanks

Mick

Depends on how much you are paying now.

I know that some of my staff have refinanced mutliple times in order to take advantage of 1 year deals such as MLR less 300 points in one case. After it ran out, they switched again.

[bkkmick]

Thanks Steve.

Hmmm, that's interesting. Does your staff just approach high street banks or are there any specialised mortgage lenders over here.

Mick