Sam kor,

Chase your leng lui Denise to advise for drawdown and thereafter to follow up with your bank lo

I volunteer myself to be the publisher, sure can make tonnes of money to compensate my losses in SEH lo ... me very kelian, 2 units somemore, sure die gao gao de

BBW kor,

Yr shield is as strong as Captain America's shield! The primary defensive and offensive piece of equipment leh, dun play play woh

TKJ, who shall I check with regards to the payment to the bank? lawyer? developer? or banker?

1st, check with your sols whether they have advise for drawdown, if yes, then follow up with the bank on the status of release lo

ya, u sure die gao gao..got 2 units somemore, sell at 300k also nobody wan, sell at 299k maybe gt ppo will take it, but defintely not bear bear bro.

bear bear bro new book is in progress and will publish soon, whoever buy can get free bear bear hug...

Tin ah! Mine from 803K to 299K

I want to be the publisher leh, otherwise how to recover my losses jek

u can become cover girl for bear bear wong new book...

got free bear bear hug...

This post has been edited by doomdoom: Feb 26 2014, 12:07 PM

Yerrr .... I want my darling Rabel hug hug nia, bear bear hug dun wan la ...

I'm newbie with this billing things during the construction period.. Izzit correct that we only serve the interest based on the staggered drawdown during the construction period? Which mean that the principal amount of loan will only start to reduce once the final drawdown or finish payment by the bank to developer?

If yes, I'm thinking of starting to pay my mthly instalment once I received my 1st billing. I think this can reduced the total interest of my loan caused I start reducing the loan principal now.

Kindly advised all tk and tkj! Izzit a good move to start paying d instalment now? Banker said I just need to write a letter to inform them.

Oh no... Tabung Projek Perumahan Terbengkalai handling the cases on SP Setia, the top notch developer in Malaysia, sure create alot of heboh then....

Bro doomdoom, can exchange bear bear hug with bear bear paw boh, seems like more worthy woh...

May I know are you taking the flexi loan? If so, why not just dump in your excess money (installment in this case) into the current account to save interest? No point to start the monthly payment so soon nia. The bank will still charge you interest on the amount money that they have paid to the developer, if start the installment so early, your loan tenure will be shorter woh...

Flexi loan, every single ringgit you dump in also help to reduce your principle woh...

This post has been edited by samkps: Feb 26 2014, 01:18 PM

bear paw is more value, so lets go hunt some bears and chop down the bear paw and sell it,

better investment stratergy compare to buy SEH...

Yerr .... Wildlife Protection Act 1972 wei!

Nanti masuk penjara

☺☺ Maldives trip on. Wait for my PM.

Wau! Not even wearing bikini! Rabel's eyes would be full of ice-creams.

LOL ...

Yup! It is a semi-flexi loan...Correct me if I'm wrong..

Option 1,

If I commencing my mthly instalment during the progressive release/disbursement, interest charged on me are solely based on the loan release amount at that time.

For example only;

Loan amount : RM 300k
Instalment : RM 1600
Disbursed : RM 60k / 1st disbursement
Interest rate: 4% pa

Interest is charged based on the release amount, as above RM 60k only. Which means I'm required to pay:-

[(amount disbursed x interest rate)/365 x (days of the month)]
=[(RM 60k x 4%)/365 x 31]
=RM 203.84

So I'm required to make the payment of interest RM 203.84 a month.

If I opt to start instalment during the progressive release, RM 203.84 from RM 1600 will goes to interest, and the balance will go to the principal reduction. By doing this, my balance principal will be lesser when banker complete releasing the RM300k to developer.

OR, for Option 2,

I make the payment of interest RM203.84 a month based on the loan release amount. Any additional cash that I have I will dump into my account to save interest. By doing this, my balance principal will be lesser when I start to serve my mthly instalment. The question is, am I allowed to dump cash into my account during the construction period to reduce my principal? If yes, doesn't option 1 and 2 are similar in term of reducing the principal? However, I c d benefit of option 2 is I can withdraw money from my account in case of any emergency and I can choose how much money I want to dump into the account instead of fixed amount of mthly instalment.

Thanks tk and tkj for any advice!

Any of you guys face inside this video?

http://youtu.be/9tfTOc3IWtI