QUOTE(peri peri @ Nov 12 2012, 01:49 PM)
double gosh, soli to hear that bro, but are u expecting to use 32 years to pay up ur home loan?
Exiting the MLTA or transfer to other prop is still the same purpose. Do you know that if u dispose early says less than 7 years, the refund is almost unbelievable low?
What if when u reach the year 10th and u suddenly cant serve the annual premium rm 2.3k, u know what they will do?
There are a lot terms and conditions to such MLTA as it is recurring fees and very long service tenure. Your expose risk is way way higher.
Are u comfortable to use Hong Leong Assurance as ur service provider? Malaysia no 01 insurance is great eastern then follow by prudential. Why UOB did not choose them as for ur MLTA provider? Do u know how much UOB had earn the commission if u taken MLTA from Hong Leong Assurance?
BTW, ur MLTA covers on what? Life insurance? Fatal Accident? Permanent Disabilities? 36 Critical illness? Do u think the UOB mortgage office is qualify enough to explain all these on behalf a insurance company?
Even prudential also cant guarantee how much i could get back after mature of my premium because depending on annual profit and dividend from them.
These smart smart insurance player in market and if u know how they run the business, they actually suck in all ur premium 1st 10 years as so called "their fee" then they only start invest and save ur money after 10 years but if u still maintaining your MLTA policy. 10 years later, who know what happen?
Added on November 12, 2012, 1:51 pmMRTA is one time installment but cannot retrieve after matured. Thats why very very cheap
MLTA is like = life insurance + accident + saving + investment , but premium very very expensive.
lol... i last time from uob.... i strongly agree with peri gor.... the MLta things is ...emn... something not related with ur uob loan.... just a excuse using by the staft to sales for their own, actually, this is not allow by bank and frankly speaking. HLA got a very bad record in the pass... many cases of misselling... therefore.... is ur right to buy... but as a CA , i will advise u take other life insurance,,, which more benefit to you,,, jootat and danilo5753...this only my view...lol
Added on November 15, 2012, 4:58 pmQUOTE(peri peri @ Nov 12 2012, 02:15 PM)
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?
agree again ...
but for this project... take mrta also only -2.3%... i ask my friend do,,, take 10y and 250k mrta only....dont need take full... k,, can nego one,,, dont just follow wat the banker say... hihi
Added on November 15, 2012, 5:03 pmQUOTE(peri peri @ Nov 12 2012, 04:29 PM)
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.
1 kopi pls,,,, can free ah??? haha
Added on November 15, 2012, 5:05 pmQUOTE(watermelon71 @ Nov 12 2012, 06:13 PM)
SP ECO HILL my next target also.
From silk to lekas ( from the mines to the SPsign board or the fly over with no two end ) . Took ngiam ngiam 15 mins with 2 tolls only. Never expect is shorter than we think as all other forumer saying very very far.
my other friend inform that next year he may have a high end project in semenyih... around 400k for double story house.... i may consider this one...hii
This post has been edited by windwind84: Nov 15 2012, 05:05 PM 
Aug 26 2012, 12:40 AM, updated 10y ago
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TQ Peri gor!!!
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