Comments on: Why floating rate mortgage can be a better choice now?

By: Should I Refinance

Should I Refinance — Sat, 27 Jun 2009 02:31:32 +0000

Should I Refinance…

2)Changing the type of home time loan you currently mortgage financials mortgage quotes have- Sometimes a homeowner may want to refinance even if they will not see monthly savings. The best part is the broker will do most of the work for you so you can…

By: Real estate investment Q&A #1

Real estate investment Q&A #1 — Mon, 30 Mar 2009 03:20:32 +0000

[...] to choose floating interest rate in this period of time of economy crisis. Please read “Why floating rate mortgage can be a better choice now?” for detailed [...]

By: ongkl

ongkl — Sat, 21 Feb 2009 10:31:57 +0000

Hi Timothy,

You should check the housing loan packages offered by several banks first.
According to our mortgage broker, Standard Chartered Bank is now offering quite competitive housing loan packages at Base Lending Rate (BLR) minus 2.2%, which is 3.75%. You may want to check the latest Base Lending Rate (BLR) offered by banks at http://www.meshio.com/base-lending-rate/.

You can check the monthly installment required by each package with banks, or use our special property investment evaluation spreadsheet (which you can download it free after you subscribe to our newsletter) to calculate the monthly installment.

From the spreadsheet, we calculated if you loan 90% of RM190k for a tenure of 20 years with 3.75% interest rate, your monthly installment will be RM1013.84.

Cheers

By: timothy

timothy — Sat, 21 Feb 2009 03:30:43 +0000

btw, the property price is rm190K…

By: timothy

timothy — Sat, 21 Feb 2009 03:19:33 +0000

hey guys….. need a professional advise. This is my situation: I want to purchase a completed Condo, freehold property in KL and do not know where to start as to getting housing loan. Am 39 years old. Earning rm 3500. Hoping to take either 15 or 20 years loan. I might have extra $$$ in future, so can dump in to my loam payment. Please advise which bank offer the best…

By: Inflation may come back soon (or it has never left?)

Inflation may come back soon (or it has never left?) — Sat, 07 Feb 2009 08:20:29 +0000

[...] home buyers, we suggest to take the lowest floating rate package now with minimum lock-in period, and to refinance to fixed rate package when the interest rate [...]

By: Where to find sources of start-up capital?

Where to find sources of start-up capital? — Tue, 20 Jan 2009 09:21:14 +0000

[...] that has considerable equity in order to obtain additional investment funds, especially when interest rate are expected to drop further during recession time. And that is tax-free [...]

By: ongkl

ongkl — Wed, 17 Dec 2008 01:06:30 +0000

Thank you, Keith.
You can send it through our “Contact” page.

Cheers

By: Keith Low

Keith Low — Tue, 16 Dec 2008 09:35:56 +0000

Hi,

First time visit! Nice blog you have there. I would like to send a private mail to you.

May I know your email address?

By: ongkl

ongkl — Mon, 15 Dec 2008 04:14:06 +0000

Hi Raymond,

Generally speaking, compared to months or years ago, yes, we would say now we can find more good bargains in JB. From what we have seen in the past few months since Aug, the attitude of most sellers (home owners/developers/agents) have changed to become “softened”. And we discovered that more developers are throwing in those units they previously held (to jack up selling price) into the market. We will post another article to discuss our latest finding about JB property market later.

Also, now we can get better offer from banks in terms of interest rate and other terms. For example, Maybank now offers shorter lock-in period (2 years) for non-zero entry cost mortgage (previously 3 years before Dec). But according to bankers, however, loan approving rate has dropped nearly 50% since Sep due to more stringent policy adopted by banks. They are trying to secure more ‘quality’ borrowers by promoting more attractive packages.

Specifically for housing estates near Tampoi, we have yet to look into this market. However, the area is classified as one of the prime suburban areas by JB town councils. Most of the residential lands for apartments/condominiums there are lease hold mainly because of its location as the nearest industrial area to town and better traffic system. The other area that deserves such status is Larkin, but you may find less choices for house there.

Cheers.