My UOB told me is semi-flexi. Can dump extra to deduct principal. Thus, can withdraw from the account too.

MLTA a bit more expensive but can choose to pay monthly or yearly. The important is can get back the moeny right?

EPF withdrawal 1-2 weeks.

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Added on December 30, 2009, 11:36 pmI think you misunderstand on the loan tenure. If the bank approve longer loan tenure is better because the repayment will be low. It's good for those tight budget buyer but it's the same too if you can made repayment higher.

We always can repayment more and the tenure will be shorten.

Ambank have a very good calculation page. http://www.ambg.com.my/retail.asp?sc=retai...cing_calculator

At Do you want to make extra principal repayments? Select YES, type additional amount to pay per month. Then will know how many years shorten.

This post has been edited by king4891: Dec 30 2009, 11:36 PM

If not mistaken, withdrawal of EPF need S&P and Loan offer letter or loan agreement.

Additional info on withdrawal for non-marriaged couple:

If S&P have bf & gf name and loan have bf name only then EPF only allow the person in the loan agreement to withdraw.

If marriaged then allow both epf to withdraw.

In your case, I think you can withdraw now because EPF won't lock which bank you use and in future will not allow for 2nd withdrawal because you choose other bank at the end. EPF only lock your name on the property. Meaning your EPF cannot withdraw for other property until the property sold or fully paid. Please call EPF to confirm. If EPF need loan agreement then don't have choice to confirm which bank you want first.

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Added on December 31, 2009, 12:19 amI didn't get you.

MRTA depreciate totally.

MLTA depreciate on inflation only.

This post has been edited by king4891: Dec 31 2009, 12:21 AM

Offer = Tawaran

Approve = Kelulusan

If approve means loan agreement right? keke...

If offer letter then you still can change after apply EPF but call them to confirm first. Better look for higher post if possible, if not you will regret....

My credit card show 2k debited. I think some of the SA just swap your card using the manual machine and never call the bank for verification. Possible right?

The SA told me refund 1.5k with bank reject loan letter. I'm interested on your unit. Please check ur mailbox.

This post has been edited by king4891: Jan 1 2010, 12:19 AM

Other forum have non-sense so I need to talk non-sense in order to shut up the non-sense.... haha.

This post has been edited by king4891: Jan 1 2010, 12:55 PM

I think most of the buyer on vacation now... I heard from one of the SA, almost over 95% sign s&p before expired of 2 weeks + 2 weeks epf. It's really a good sign. Of course the SA don't know whether the buyer loan approved before signed.

I will sign s&p on next Monday. Actually my deadline is on 15/01/2010...

I think 20/01/2010 will be deadline for all buyers because I heard from the SA on 20th all units sold.

It's gonna be another fish market if pay 10% and nothing else until completion (3 years) plus 7.5% rebate remain the same.

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Added on January 4, 2010, 3:04 pmYou can opt for monthly too.

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Added on January 4, 2010, 3:08 pmUOB have this terms too. I don't think so all bank will penalise if repayment over 50% within 5 years.

The agreement is within the bonding period. (Bonding period = locking period).

This post has been edited by king4891: Jan 4 2010, 03:08 PM

Which bank approved? Mind to share? Tks.

How long you was waiting for PBB already?

My own opinions are:

1) Your budget. (This property help a lot for the first 4.5 years. Thus, help for investment purpose too.)

2) Location.

3) Surrounding acceptable or not?

4) Good Rental?

5) Developer reliable?

6) Net profit of 45k for Phase 2 Type L after 3 years for investment acceptable?

Welcome all opinion to help our friend here.... tks.

This post has been edited by king4891: Jan 4 2010, 03:56 PM

My PBB is a guy... same... very slow.

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Added on January 4, 2010, 4:01 pmWow... it's really fast... Mind to PM her contact number? Tks.

This post has been edited by king4891: Jan 4 2010, 04:01 PM

Estimated on BLR -1.9 vs -1.85 if 30 years BLR at 5.55%:

-1.9%
Loan Amount: RM240,000.00
Loan Period: 30 year(s)
Interest Rate: 3.64%
Monthly Installment: RM1,097.90
Total (RM) 240,000.00 Interest: 155,245.06

Loan & Interest (RM) 395,245.06

-1.85%
Loan Amount: RM240,000.00
Loan Period: 30 year(s)
Interest Rate: 3.70%
Monthly Installment: RM1,104.67
Total (RM) 240,000.00 Interest: 157,684.49

Loan & Interest (RM) 397,684.49

Different only 2-3k but you will lost of penalty total of 3% of 240k at RM8.4k if you decided to sell it within the locking period. Meaning with PBB you will have 8 years locking period whereas other bank only 5 years from the first disbursement which expected start on March 2010. After completion, left only 2 years of bonding period.

We won't know on that time whether want to sell it or rent it. So better opt for other bank other than PBB.

Another example if BLR increase 1% by every 10 years.

BLR -1.9%

Total (RM) Loan :240000 Interest : 186164 Loan & Interest : 426164

BLR -1.85%

Total (RM) Loan :240000 Interest : 188745 Loan & Interest : 428745

The different still under 3k.

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Added on January 4, 2010, 4:31 pmIf from first drawndown then PBB will the best choice. I personally like PBB for the flexi plan. Provided ATM card right? No charges to redrawn right?

I just call the CO, he said bonding period upon FULL drawndown. Maybe different customer have different terms. I think I will go for UOB, no want to wait anymore.

This post has been edited by king4891: Jan 4 2010, 04:31 PM

Is it flexi plan? if yes, how does it work? PBB have the best flexi plan which will save a lot of interest charged but the locking period upon full drawndown.

This post has been edited by king4891: Jan 4 2010, 04:44 PM

My own opinion on the area:

1) Think back 15 years ago on OUG houses. The shophouse occupancy rate also low. 5 years back, OUG was bombing. After the completion of the highway and the OKR. A lot of new property kick off there including 1120PA. Petaling Utama is consist of low to medium class residents. After 1120PA occupied, I believe the shophouse there will be improve. Of course, Peter's will not miss the opportunity for up coming higher class development if 1120PA are successfully sold.

2) According to the SA, the area have mix race consist of Malays, Chinese and Indian. Anyone also want to improve their lifestyle. If themselve cannot improve, they always hope their next generation will be improve. A modern affordable property will help on this. I personally think that the area have more Malays follow by Indian. If within of 10KM radius then I think Chinese have the most.

Welcome more opinions.

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Added on January 4, 2010, 5:04 pmJust to share my opinion on MRTA.

MRTA is a protection from the day we paid for it and I know a lot of people knew what it is.

If you said most likely will let it go meaning minimum from now is 3 years. My advise is better to purchase the MRTA now and not after 3 years when you decide to rent it out.

Hope you know my concern.

Thus, once you sell it after 5 years from now. You will get back the balance of 25 years MRTA fees if you get 30 years.

This post has been edited by king4891: Jan 4 2010, 05:08 PM

Example:

30 years = 3k MRTA fees.

If cancel after 5 years, will refund 2.5k.

Of course the real calculation may vary. It's just a simple one.

MLTA better because you can get back ALL you paid after matured plus earn interest from the insurance company. You can also opt for montly/yearly repayment for MLTA.

MRTA cannot transfer from 1 perperty to another.

MLTA can transfer as long as the property have your name.

My insurance agent told me can get back 100% plus interest. AIA.

This post has been edited by king4891: Jan 4 2010, 05:46 PM