May 28 2009, 12:13 PM
QUOTE(quiksand @ May 27 2009, 11:24 PM)
Hey guys.
I was looking at ING's Home Loan package. There's a package being offered: 4.99% interest rate, ZEC. However there's a statement which says:
Using the mortagage calculator, it shows that I would have to pay RM1689 monthly. Does this include the policy that I have to purchase with ING? If not, what is the calculation like? Thanks in advance.
The fire insurance is paid separately on yearly basis. If you have insurance coverage with ING, then no need MLTA BUT your total coverage should be equivalent to the loan amount. Eg, if u loan 200k, your insurance coverage must be at least 200k as well.I was looking at ING's Home Loan package. There's a package being offered: 4.99% interest rate, ZEC. However there's a statement which says:
Using the mortagage calculator, it shows that I would have to pay RM1689 monthly. Does this include the policy that I have to purchase with ING? If not, what is the calculation like? Thanks in advance.
Which means on top of the monthly payment for the home loan, you have to service your insurance coverage as well.
This post has been edited by vreis: May 28 2009, 12:15 PM
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