I am searching and will buy my first home. However, I have no idea about the finance & legal aspect of it.

1) My friends informed me that I should buy a few months ago. Another friend informed that I enjoy more benefits if I buy this year. May I know what is the difference if I buy this year and next year? (except the BLR?)

2) I am targeting a RM220K condo. After paying 10% deposit, I will need to get about RM200K house loan.
i) Can I know which bank offered the best rate?
ii) What should I be looking at when choosing a house loan?
iii) What is ZEC, Non-ZEC & EPA?

3) If I want to pay more deposit using my KWSP, how should I go about it? I know that it can only be done after I sign the Sale & Purchase Agreement. But how soon, is it once, a week, a month after the signing?

I know that 50% stamp duty waiver is if property is less than RM250K.
Can I know if it's only valid until 31/12/09?

This post has been edited by NaiveLady: Nov 22 2009, 05:55 PM

If I buy new properties, usually the developer pay the stamp duty, legal fees and etc.....
If I buy existing properties, who have to pay? Is it seller or buyer or both?

Is this correct?

S&P Stamp Duty Rates:
First RM 100,000.00 = 1%
Next RM 100,000.01 - RM 500,000.00 = 2%
Next RM 500,000.01 - RM 2,0100,000.00 = 3%
Above RM 2,000,000.00 = 4%

Loan Agreement Stamp Duty Rates:
Any Amount = 0.5%

How abt the calculation for loan agreement, transfer of title, etc.....???


This post has been edited by NaiveLady: Nov 30 2009, 10:35 PM