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House Remortgage

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Is it possible for a Thai to remortgage there house?

Person in question has a 3 million house with a 900,000 mortgage and need 4 - 500,000 baht. They have not much idea, they have had there mortgage for over 5yrs and nothing is outstanding.. I know in the UK one would get a house remortgage.

My Thai friends have no idea what I am talking about, so wondered if this option is in Thailand ?

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