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Answereda year ago

What are the considerations for refinancing a mortgage after the initial 3-year period in Thailand?

Steve *******
asked May 22, 2025
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Has anyone refinanced a mortgage after the 3 year initial period?

What kind of fees does that entail? Is it easy?

And is it worth it to just get the lower 3 year rate vs having it reset to MRR?

Also what about switching banks vs staying with the same bank? Is that possible?

To all the grumpy expats with nothing going on in their lives…I’m not interested in your jaded opinions. Keep it to yourselves. 😂
Answer summary
Refinancing a mortgage after the initial 3-year period involves various considerations such as associated fees, ease of the process, and the benefits compared to reverting to the MRR (Minimum Retail Rate). It also raises questions about whether to switch banks or remain with the current one. Engaging with expat communities, like those on social media, can provide insight from individuals who have navigated this process.
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Michael ********
Michael ********
How about asking in Building in Thailand group more likely to have people there done it before. Here highly unlikely
Steve *******
Steve *******
OP
@Michael *******
great thank you
Michael ********
Michael ********
@Steve ******
there is also Residential Construction for Expats Thailand

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