QUOTE(suarez123 @ Jul 24 2012, 03:24 PM)
legal fee + stamp duty = rm 10k
disbursement fee = rm 3k
legal fee for MOT(strada title) = rm 5k
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hi Peri peri sifu..so we need to standby rm18k to buy this condo ?
How about 10% downpayment ? or can deduct from 10% diskaun...
and as this not complted unit we no need to pay full montly loan is it
sorry no experince buy propertiy before...hehe
yup, roughly around that figure. the rm3k for disbursement and rm5k for MOT reserve when completion, means u still have 3 more years to save the bullets. Bear in mind, u still have the rm5k as deposit which can be convert to disbursement to developer later.
yup, 10% rebate is for the 1st 10% offset when signing S&P. The developer will issue u a credit note for the 10% rebate.
The 90% loan from bank will not disburse to developer in one shot. The developer will have to proof and bill to your bank that your unit is done up to what stage as accordance to schedule H or G in S&P. Not mistaken got 11 stages for the developer to claim. Means your installment to banks is progressively increase.
Added on July 24, 2012, 4:12 pmQUOTE(jootat @ Jul 24 2012, 02:56 PM)
Thank You bro for the explanation!

But are you going to use ur own bank or the so called their recommendation? What's your thought bro.
Usually the developer end financier banker will provide the best loan package. but the developer will invite their panel bankers to participate too. But those rates from panel bankers are more or less same if you apply your own from outside.
If you choose your own bank for loan, u might not eligible for the free SPA package. Your loan lawyer might charge u higher.
If you choose back the developer panel bankers or the end financier, free SPA is valid, the loan lawyer still using same as the SPA lawyer, which u could get some discount.
the cons is, sometime panel banker or the loan lawyer very LCLY.
This post has been edited by peri peri: Jul 24 2012, 04:12 PM