Condo Refinance 🏠✨

🔁 three years later... the interest began to strengthen, so I decided to refinance.

📌 Fine refinancing procedure

1️⃣ Request Retention from the Original Bank (Bank A)

• 3 rounds of requests. Interest is not okay → Refinancing decision

2️⃣ Use employee welfare from the new bank (Bank B).

• 2.1 Contact HR Request credentials / documents for special interest rates

• 2.2 Pending documents from HR

• 2.3 If there is no welfare → but there is a Guam or a life permit, there is a special rating (but let us interest on welfare).

3️⃣ filed with Bank B.

• 3.1 to the counter. File attachment 1.

• 3.2 Wait for the officer to evaluate the room.

• 3.3 Wait results ~ 14 days → Go sign a new loan.

4️⃣ Redemption notice with Bank A.

• 4.1 To the counter. File attachment 2.

• 4.2 Staff call to offer another round of Retention (choose whether to accept or not)

• 4.3 Notice of closing date

• 4.4 Account closing + redemption filing for ~ 14 days

5️⃣ Notice the closing balance from A → to Bank B.

• Bank B issued a check.

6️⃣ transfer appointment at the Lands Department.

7️⃣ Bank B Balance Difference → Go buy a cashier check to pay Bank A.

8️⃣ done with the Lands Department.

🧾 Documents to be prepared

📎 Attachment 1 (B Bank Filing)

• Original loan contract + documents on the condo

• Salary slip

• Payroll credentials from HR

• Copy of ID card, household registration

📎 Attachment 2 (Notify Bank A)

• Debt-free

• Copy of ID card, household registration

📉 from 5.5% blossom → 2.79% left.

💸 lighten 3,400 + 200 baht per month insurance (our loan is not added)

✨ Epilogue

• Let's calculate the cost + total amount.

• If you pay attention to high interest → a lot of waste!

• Do not forget checks, insurance rights, or fees that can be returned or negotiated.

Last 💕, we let the rent go to work near the office, haha.

# Cheap condo # Condo refinancing # Condo retainer # Talk about money # Big money story