higest BLR bank has ever offered
higest BLR bank has ever offered
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Jan 14 2010, 11:33 AM, updated 16y ago
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#1
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Junior Member
314 posts Joined: Nov 2008 |
just wondering what was the highest -BLR that bank has ever offered in history? i dont know much about it, but i'm thinking, if for example BLR is 9% set by bank negara, and if would bank offer up to -6.00%? then when it comes to time like now (BLR 5.55), does it mean no need to pay interest? this might sound a bit noob, but please enlighten me
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Jan 14 2010, 02:07 PM
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#2
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314 posts Joined: Nov 2008 |
QUOTE(lowyat888 @ Jan 14 2010, 12:00 PM) for those just serving interest, in the long run their properties will be triple the property purchase price when their loan is up/over, whereas even bought the property at a high/peak price will eventually lose out terribly. only the bank earns as the property owner indirectly working for the bank serving interest only case study======= loan: 250k tenure: 30years total installment: ~1100 only interest: ~750 rental: 1350 if those people who is only paying interest, it isn't he still earn 600 every month (1350-750)? |
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Jan 14 2010, 04:28 PM
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#3
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314 posts Joined: Nov 2008 |
so anyone wanna predict how would be the next adjustment?
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Jan 14 2010, 05:20 PM
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#4
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314 posts Joined: Nov 2008 |
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Jan 14 2010, 05:55 PM
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#5
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314 posts Joined: Nov 2008 |
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Jan 14 2010, 11:49 PM
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#6
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314 posts Joined: Nov 2008 |
QUOTE(lowyat888 @ Jan 14 2010, 11:46 PM) as till now houses or apartment is not cheap, talking about Rm300k above or even RM500k to RM800k double storey or even condo cost almost rm500k above at good location, the loan amt at least RM300k to RM400k. if stated as such, property investment for rental doesn't seem so fun anymore...even a double storey is just renting at Rm1.5k for whole house, plus have to take into account of wear n tear, repaint, hidden repair cost, accessment, quit rent, cukai tanah, monthly service charges, fire insurance,renovation etc,. is it enough to cover the interest? dont think so the BLR GOES UP AND DOWN alot of hidden things, initial deposit compound interest if put in FD, lawyer fees, stamp duty, adminstration fees, agent fees, advertising fees etc as if really detail calculate, if sell the property in the long run wont gain much just a force saving indirectly. the bank majority gain in the long run |
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Jan 15 2010, 09:14 AM
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#7
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314 posts Joined: Nov 2008 |
i appreciate lowyat888 pointed out so many cons in the reality of property investment, but thats kinda discouraging isn't it...
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