Refinancing 'more efficient' with TDSR fine-tuning

For someone who already has a mortgage, the monthly repayment usually forms a large part of their household expense; thus we believe this fine-tuning move will give them peace of mind as it helps them better manage their mortgage loan repayment regardless of their debt servicing status. While we rarely see our customers’ refinancing requests being rejected due to TDSR requirements, this move now makes it more efficient for banks to process refinancing by existing borrowers.