why children will tanggung hutang? this will only happen for those who have no proper financial planning... passing down debt to the ext generation...

meaning you still pay the bank despite having a halfcooked house

beli kereta pun ada guarantorr.lagi beli rumah?

if buy car also need guarantor then that person memang cannot buy a car... unless foreigner...

i beli myvi RM 558 sebulan.my mom jadi guanratorr.that time my gaji RM 1000 je.(my mom gov servant)

lagi hutang 9 tahun.   ..mula mula pergi AMBank diorang reject.pergi RHB diorang approved. .......

bro, i shortcut a bit cos thought you understood since that guy said that he's paying 1.7k/month for 40 years, so you can pay 2.4k(/month) for 20 years, same effect...

cos definitely your loan application will get rejected if you apply for 20 years with a low salary... some more people nowadays have credit card debt...

what i'm trying to convey is you can take a long loan but don't take a long time to repay... you got increment, dump in more, you can bonus, you put more in... then you can get out of debt earlier... housing loan is not a car loan where the interest is calculated and charged upfront...

my dad has this interesting thinking... want to buy house, don't take loan, buy cash...
he's not wrong... just that houses don't cost 20k like 20 years ago...

MBSB... by giving gahmen servants low rates, they charge the public faqing high rates to cover up...

once you owe the bank, you owe the bank despite the project gets abandoned... this depends on how good your research is...

Kid,

First of all, did you aware the 1/3 rule ?

Secondly, have you bought your own property yet ?

Third, If you have doubt with any of new development projects and scared it will be abandoned later, you can always choose to buy via subsale or properties that have been built to sell. Either way you can choose any of reputable developers too eg: Sime  Darby, I&P, Sunway, SP Setia and so on. Expensive ? Yes, but that saves you from a lot of hassles.

BNM lending guideline.. every person can only carry up to 40% of his/her salary as debt.. n for housing loan itself max is up to 33%.. the other 7% is for your other debt like car loan, personal loan n etc..

Quite a good threat, let's me share my story, ayam just signed snp last week for an apmt for 170K developed by SPSetia, around loan approval processing my salary is just 2.6 k gross and 2k nett, luckily I managed to get loan for tenure 35 years monthly rm665, buying property isvery messy, based on experienced is 1st u need to choose good developer and location, thats the first bank consideration to approve ur loan for new property, 2nd need to be ready a good fianancial plan, u need have atleast 20% for dowpayment + legal fee, do prepare 10%, but need to consider the MRTA- home loan insurance, some bank will provide good interest based on MRTA u take from them, that's just my 2 cent

i got few question for you.

1) Where yours location?
2) Did u buy sub sales / on going project / new project (Haven't start)
3) If on going project / new project, did u need to pay when your property is completed or when your loan is approved?