Hi,

Welcome to discuss the BLR after three years. Does it increase or decrease recently? I would like to gather this info for my research. Thx.

This is my case study: Property under construction

Situation 1

MOF: 90% of (Property value-RM100K)
Interest reate: BLR- 1.8 (Whole tenure)
MRTA: No
Downpayment: RM10,000
Lock in period: 5 years, 3% penalty on the loan amount
Legal fees: No

Total payment for the first three years: Dunno how to calculate


Situation 2


MOF: 100% of (Property value-RM100K)
Interest reate: 2% for first year, BLR+0 for 2nd year thereafter BLR+ 0.5 for the whole tenure
MRTA: Yes
Downpayment: No
Lock in period: No
Legal fees: Yes

Total payment for the first three years: Dunno how to calculate

Kindly help me to calculate the amount need to pay for the first three years. Which offer is better? Can be refinance after three years? Why?

Plz give advice. Thx.

This post has been edited by fkekk: Oct 10 2009, 03:30 PM

sure increase la. very low now

fkekk, u can go to any bank's website look for loan calculator and key in the information u have and from there u will know the monthly instalment amount or the loan affordability.

airline, i agree with u, our BLR is at the hostorical low, i think it will increase in the 3rd quarter of next year.

BLR will increase after 3 years.
on situation 1, u can always ask the banker to help you to buy MRTA (i guess it is around RM2k for ur property). Does your 'Legal fees: No' means that you don't have to pay legal fees?

Thanks for ur reply. No legal fees meaning that the fees pay by bank.

for some bank, No legal fees = include/ finance the fees together with the loan

BLR is not as important as the "spread"

Overtime, spread tends to be reduced....

Hi,

What dose it means by spread?

Its basically the profit that the lender's make.

where is ur location?

Hi,

The location is at Setia Alam.

o...coz i staying in penang... thought wana help u in loans

I'm on the lookout for an property as well and from the researches that I have done on housing loans & BLR rates, its pointing towards an increase a few years down the road....

This post has been edited by Xai-V-iaX: Oct 12 2009, 03:55 PM