Bro, if u think u r 100% sure this unit u will keep for ur own use until 40 years, u are advise to take the MRTA because it still cheap.

But if u meant it for investment maybe 6 years later, better source shorter MRTA tenure.

I dont think u get my point posted before. I had mentioned the same to Jootat before.

For my previous case with UOB.

UOB can offers tenure up to 70 years old or 40 years tenure.

my loan applied is rm270k.

If no MRTA or MLTA included, UOB only can offers max -2.3%

If got MRTA included, i can get offer max at -2.4%

But im not required to take full tenure MRTA. The minimum MRTA requires by UOB for eligible of -2.4% was 5 years only.

Means MRTA 5 years for 270k loan is only rm1k. They got it cheap maybe the mortgage officer was helpful and kind with me when sourcing for MRTA quotation.

True story.

BTW, with the 0.1% different between -2.3% and -2.4%, the MRTA is actually free top up for me due to the loan interest different. Why not?

This post has been edited by peri peri: Nov 12 2012, 02:17 PM

bro, i thought u makan angin redi.

U r rite. U also did the right thing from requesting the tabulation chart to study.

Thats the trick and risk assessment by insurance company which 25 years and above will be the break even year.

This is sort like a group insurance among other subscribers.

They had earned a big chunks from your premium before actually u start to see ur saving or investment growing.

But since u had taken the MLTA, better check the coverage carefully and how to claim.

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Added on November 12, 2012, 2:51 pmBtw, thats their plan and bait to u so that u will continue find ways to maintain the MLTA because they know you will not exit early because the refund will be very very low.

With this method, HLA had secured a MLTA for another 40 years which u will have to continue the premium and look for new prob to make transfer. They dont lose anything but u will have the hassle to pay the premium yearly, maintain it accordingly and dont dare simply put ur unit on sale until ur found a better unit.

20 years or 30 years later, the return from this MLTA is not tmepting which ringgit might had grown weaker or inflated by the time.

This post has been edited by peri peri: Nov 12 2012, 02:51 PM

bro, 12k for 40 years still ok lah. RM 0.82 premium a day

i got mine MRTA for RM 0.60 premium a day only.

Different insurance company different rates, just make sure the coverage is sufficient ( i mean the type of coverage)

no doubt, yes. but its also need to depend how long the tenure u need.

Last 3 years ago, there are no such thing minimum MRTA tenure for best loan rates. U need to take full tenure.

Only recent the banks start offering this minimum MRTA to lock in attractive rebates.

Again, we dont know how will our salary performing in next 5 or 10 years.

If economy is become worst or bad, will we die die still need to find ways to fund the MLTA?

Since MLTA is lock in with loan interest rates, if we stop serving the premium for MLTA, will it rebuke the rates in home loan? Definitely another penalty will kick in because u fail to honor the MLTA as tied for for the BLR rebates as offered.

I can says, MLTA tie with home loan is a lifetime commitment. Because both interact each other.

understood bro.

As i had said again, AP is not out yet. That's is pre loan.

Have u get hold a copy of the AP from SA? U have the right to request for it.

When got AP, different story and different game play.

I had checked with RHB banker, they havent got the EF line due to no AP obtained.

haha,

no......is still work the same

30 years or 40 years still the same offer. Got MRTA / MLTA better offer.

We took longer tenure if the prob meant for investment.

Year before 2010 max loan is up to 65 years old or 35 years tenure.

now upgraded. u must know why.

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Added on November 12, 2012, 3:54 pmbased on my experience,

UOB and RHB very keen to give good good offer.

Im still waiting for the copy of AP.

If the developer got AP today, tomorrow sure official launch redi.

This post has been edited by peri peri: Nov 12 2012, 03:54 PM

like chinese says, "10 slash also havent got 1 slash yet" how to says is good investment ah

bro, u and me are too late. Since 2010, Klang valley property market is not healthy to goreng goreng. Flooded with speculated price due to MRT things.

Imagine getting a new D/S terrace also need to price at rm800k nowaday

dont be so negative, seremban, nilai, rawang, ijok, kuala selangor, jenjarom, banting, semenyih, ipoh, kuantan and etc still got a lot cheap cheap terrace. Rm 300k can get a big big landed terrace. the hope is out there.

I might migrate away from klang valley and sell off all my investment and living happily with my family in ipoh or anywhere starting my own business. Maybe Tauke kopitiam. Who knows.

im aiming the SP Setia Eco Hill @ Semenyih.

Haha, F1 driver spotted! I will try dig more info from a friend of mine who are tendering the sample house project there. Maybe i can have the 1st view of the phase 1 terrace facade. P&c yo.

This post has been edited by peri peri: Nov 12 2012, 08:26 PM

just checked with SA, AP still not secured.

me too, but i never believe them. sales man mah. But the fact facing the BTHO is quite boring. those low floor will only view the hill slope, nothing to see. Facing SILK is like facing so called "city view". price tag also much different.

those who booked their unit else where, just be caution on this

This post has been edited by peri peri: Nov 19 2012, 10:51 AM

AP still not approved, buyers so fast reject loan? Not many banks are doing pre loan for this project currently. Im still waiting my RHB to secure the EF line.

Even the draft SNP also no where to be seen now. Still lacking of many confirmation and time is short.

But i still prefer to secure the loan and SNP after year 2013 for another round of stamp duty waiver

This post has been edited by peri peri: Nov 19 2012, 11:12 AM

my project in shah alam also facing BP issue. hard to secure of no politician network behind.

the site is stagnant after they completed the RC retaining wall along the cemetray perimeter. If they continue to bulldoze, im sure rm50k fine will be kick in from Majlis

BTW, is funny how people kecoh if anything happen in front the batu caves, they should go behind batu caves, all bulldoze down for townhouse and apartment since year 2006.

This post has been edited by peri peri: Nov 19 2012, 11:31 AM

not sure, but if the prop is at most affordable entry price and hot cakes, even 80% finance also got ppl willing to take. Depends on personal credit background before placing the booking. Even some imposed by LTV 70% also willing to enter. For my case, if my finance worst come to worst only approve on 80%, i still go with it, because 1st 10% already rebated, remaining 10% around rm 34k still manage to fork out. because of the faith to this project.

Not sure about cheras hoong soon but my ther prop by suria land is super fast, the billing is like mad.

sounds like hit and run flipper, im confirm genuine buyer

well, bad luck for her, lately all banks really stringent on their home loan approval rate, even my friend in penang also facing such for home loan and car finance.

i think is more like 18% increase. but the sticker game is true.