Do you need to refinance?
How to determine how much effort and time will be spent, will additional investments be required, is it profitable to restructure loans?
Before refinancing, you need to know and take into account several nuances:
the larger the remaining debt, the more profitable it is to renew the agreement;
is it possible to repay the loan early under a new agreement;
is it possible to transfer the collateral thailand business email list used for the first loan to a new loan. If this option is not available, the debt is considered unsecured, the rate will be higher until the moment the guarantees are transferred.
Factors that can lead to a positive decision to restructure the loan:
the interest rate will decrease significantly or the term will increase;
current debts will be promptly closed;
debt repayment on different loans will turn into one monthly payment;
new conditions will allow adding or removing a co-borrower from the agreement;
it is possible to remove the encumbrance from the collateral property;
registration of the purchase and sale transaction, if it is necessary.