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 Residence 8, Old Klang Road by OCR, Worth for investment?

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SUSYLTong
post Feb 15 2011, 01:52 PM

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QUOTE(daryan_x @ Feb 10 2011, 09:57 PM)
Hi Everyone ,

OCBC got back to me - basically the same rate as teumika.
Now still waiting for Maybank
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Hi, you are applying from which maybank officer? Thank you.

Added on February 15, 2011, 1:59 pm
QUOTE(winghong @ Feb 11 2011, 03:43 PM)
Hi, you guys taking any MRTA or MLTA? Which one better?
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Both got the advantage and disadvantage.

MRTA = Mortgage 'Reducing' Term Assurance, sum assured is reducing basis

MLTA = Mortgage 'Level' Term Assurance, sum assured same for the whole tenure

This post has been edited by YLTong: Feb 18 2011, 10:28 PM
SUSYLTong
post Feb 18 2011, 10:26 PM

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QUOTE(majorarmstrong @ Feb 10 2011, 10:30 AM)
wah.. so good... i call her and she say she cannot help me cause I already engage another officer...
anyway yours with MRTA?

Added on February 10, 2011, 10:30 amMY ROTI KOSONG SUPPLY NO MORE... sad.gifsad.gifsad.gifsad.gifsad.gif
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So sorry about that..

Added on February 18, 2011, 10:41 pm
QUOTE(e_ric5 @ Feb 17 2011, 02:48 PM)
just paid deposit on 15th Feb... 9th floor, hehe... now looking for housing loan.

For maybank offer zero payment during construction period. The monthly progressive interest will be capitalised into the loan amount. Is it this good? Anyone will take this???

thanks
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Hi,

Maybe i can assist you.

If you are thing of rent it out or for own stay, not advisable to take Zero Payment Option. The installment is higher.
If you rent it out, it may not cover your installment unless you're willing to top up by your own.
If for own stay, the interest that you're paying definitely higher because accumulated into loan amount.

Some investors will choose this option because they want to dispose the property, their loan sum will be settled by the purchaser(redemption from bank). The profit is lesser if compare with no Zero Payment Option.

Some purchasers for own stay will choose this option because they are renting property at the moment and expecting increment of salary in the future, as long as comfortable with this repayment.

Hope that i did give some ideas for you.

Thank you.

Added on February 18, 2011, 11:34 pm
QUOTE(kok_pun @ Jan 28 2011, 03:09 PM)
maybank rate is ok.. but processing >1month
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Sorry, wish to clarify... Maybank processing is around 1 week lor... Thanks.

This post has been edited by YLTong: Feb 19 2011, 12:10 AM
SUSYLTong
post Feb 23 2011, 10:49 PM

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QUOTE(ellecyndy @ Feb 22 2011, 02:44 PM)
Anyone can share the MRTA rate?
I got from my banker at RM6828. Is this good?
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If you are below 30, sum assured RM400k and cover for 20 years, this premium is reasonable.
SUSYLTong
post Mar 10 2011, 12:47 AM

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QUOTE(teaumika @ Mar 9 2011, 12:37 PM)
Now left those units on high floors amounting to min. 450K and above.

You can go to OCR office to check and might get lucky as a few buyers is actually opt out due to the loan application declined.

Added on March 9, 2011, 1:03 pmGOOD NEWS! All R8 buyers who used their lawyers will get 50% discount on the professional fees

Added on March 9, 2011, 1:07 pmGuys & Gals,

If you want to know your actual Lawyers Fees and Stamp Duty Fees, used the link below for an online Calculation:

http://1-million-dollar-blog.com/calculato...uty-calculator/
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The service tax should be 6% since 01/01/2011.
Stamping fees for loan agreement = 0.5% of total loan amount.
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