I agree ... for those properties that I bought, it's more like an income to me than burden
yea there might be a 5% fine if you make early settlement .. but u can pay off let's say 99% of your loan , let them charge the remaining 1% .. how much would that costs in 3 years ? RM100 ? lol !!

---

Added on October 28, 2010, 11:29 amand u sure ur cousin declare bankruptcy because of the hopuse he purchased ?? according to you, his property is 80k .. so i assume that his monthly installment will be around RM500++ per month !!! that's almost the same price u have to pay to rent a room in let's say PJ area ...

so i dont think that's the case why he declare bankruptcy ..

This post has been edited by Adrian1981: Oct 28 2010, 11:29 AM

Can't afford to pay housing loan means bad management... I don't think bank will blindly give u a higher loan then u deserve, im sure its based on ur current commitments (other loans) + less then < 40%... So it suppose to be manageable but if u r someone who loves partying n goin on shopping spree then there's where ur problem starts... Wif having up to 40% of ur salary to pay ur debts, u need to spent wisely to be in a healthy financial state...


These is wat will happen if u try to go on the fast lane to bcome rich.. Failed flippers! Bad investment choice wit no holding power... U need to b strong financially in order to reduce the flipping risk, at least u should be able to hold on the property for the next 6 months by having at least the 6 months loan repayment cash wif u!

Hi, i would like to know.. if its possible for me to get 100% loan to buy a house should i proceed.. or should i still pay 10% downpayment?
Lets say if in 2 years time, the company i work in will start paying the interest on the loan.. is it worthwhile for me to take 100% loan for the house? Tq

You need to ask the vendor whether he/she can accept the 10% later. That is important also for agent. Tips.

Wat i ment was buying a house wif 100% loan.. is it alright financially or should i wait till i have 10% down payment before purchasing

dello: the answer to ur q is simple: (1) if u do not hv enuf money for 10% downpayment yet, and (2) if u r willing to pay extra $ to serve the interest, then take up 100% loan la.

But normally if u r financially ok u might wan to reduce the loan % as much as possible to avoid 'donating' too much to the bank. Tats my 2cent

Actually can take up 100% loan...if possible lah...since now ''some of us'' are short of $$$

of course provided in the years to come once we can start to earn more...then settle the loan faster ?

what say u?

my 2cents =)

AGREED