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Getting Extra Cash
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| If your property has increased in value, you can take advantage of that to get some extra cash. Here’s how. With the amount of money you have already paid through your installments, subtract the balance from the current market value of your home – you’ll get what we call a home equity. This increases as your balance decreases. For example, if your home has been appraised for RM200,000 and you owe RM125,000 on your home financing package, your home equity is RM75,000. That can come in very handy if you need cash for other financial obligations. |
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For Assistance |
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Current Account-i
