if u looking at the past. it's challenge how ppl sustain loan payments. todate the loan payment had been revised. which borrower pays the same amount as per contractual agreement. however with increase in BLR or interest rate. their principle reduction is lesser. hence there is room for air.

only differences you may not complete settlement as per contract. it will drag longer and bank see this policy by BNM as win win situation for them earn more money over your outstanding balances...

This post has been edited by toh2020: Jan 18 2014, 11:19 AM

we also had no clue when KWSP willl shutdown the EPF Acc 2 withdrawal for members. that for either home loan principle reduction or monthly payment. we know they kwsp already discontinue to skim beli komputer.

but when there is serious need for MOF (kementrian kewangan). the reserves are thinning out. they will stop the scheme as i mentioned. because the terms are subject to changes.

then the rest of all will............ u know i know.

This post has been edited by toh2020: Jan 18 2014, 02:20 PM

we as contributors are bound by the terms KWSP had for us. from the 1st day we go to work. cause we entrust our monies for their investment purposes. that inturn pays us annual dividents. however the one who make the call is MOF.

i also had frens who apply rm30,000 for principle reduction. but it was rejected and EPF ask them to do monthly installment payment to loan acc lols.

base on yearly BLR movement as per discussion below;

https://forum.lowyat.net/topic/3102196

the sustainable fix rate last only 3 years. for example BLR 6% from 2004 to 2006. well for 2011, 2012 & 2013 is 6.6% we had no idea what the govt will have in store for 2014 - 2015. taking into consideration GST are to kick start. a lot of outside discussion saying BLR will go up tremendously under najib's administration. reason for this is his financial management whom overbudgets and always ask for supplementary top ups.

there hardly any news govt are to control the price of building materials. this is for sure properties are to go up. not forgetting mega project like mrt/lrt in coincident.

property bubble will not burst so soon in msia. when it does burst like USA. many homes/premisses are foreclosed by the bank. the financial sectors will sell the properties at lower prices below market value. however market uncertainties surely hamper buyers. cause this is the time most ppl be tightening thier belts. this is basically survival. that was time when MY1 = USD$3.0.

when times good ppl making money. so buying is something in mind for own security and investment. when times are bad majority loses their jobs, bisnes shutdown and many entrepreneur suffers bankcruptcy. properties are avail cheaper in bulks. do u have what it takes to buy them? this exception for ppl with lotsa cash reserves in hand.

This post has been edited by toh2020: Jan 18 2014, 02:56 PM

not forgetting bail-outs too..

This post has been edited by toh2020: Jan 18 2014, 03:04 PM

not everyone is good fund manager. some withdrawal are out of desperation. they engage agents that inturn find provisional to make fraudual withdrawals...

This post has been edited by toh2020: Jan 18 2014, 03:09 PM

they usually make epf2 withdrawal for mthly loan payments. if they have sufficient balances. i m not sure if that scheme is available that time. during 1998

tightening their belts with whatever savings they got. till they find new job. borrow from family, friends and relatives.. this is biasa..