Hi momo have you signed the SnP ?

I have also surveyed BBR before. BBR in klang one thing appreciation also a bit slower. Connectivity wise I hate the infamous NKVE. but good thing is quite near to setia alam, which is a very nice township. Overall, i am sold by rimbayu master plan and its various connectivity. If you ask me, I like Ecomajestic masterplan the most.. but dun like the location too much. So opted rimbayu. On top of that, banging on Tropicana and Ecoworld's project to make the entire canal city 'ong ong' hahaha!

I actualy like garden in house. For the perennia i rather hv the stairs at the back tho. But was sold out when i went.

Anyway im concern reg the jam at 3 roundabouts. Went there to see yesterday. Quite bad in peak hours. Anyone can confirm that the road to elite is under progress? I reather pay than wait.

u r right.. just that I think it doesn't really reduce your principal. It only use it for 'calculation on your interest' that you need to pay.

Meaning u put 100k in your current account, when bank calculate the interest, they will take 200k to calculate interest. But you still owe bank 300k.

The monthly installment that you pay, which portion of it is to for principal, some for interest, will 'gone' from your current account. It will really go into your housing loan to reduce the principal (The real one).

so where do you put your money if you have 100k? if your housing loan is 4 %  interest, FD is 3%, then put in this current account is better than put in FD

in this case, i'm not sure the min 1k 'prepayment' that you meant is the one that we pay to reduce principal or the one staying in current account. I'll check again with agent and on the t&c...

Hihi...I've received the LO from bank...planning to sign tomorrow... but i dun hav cheque, also haven't prepare bank draft yet...aiyak tomorrow bank not open...guess hav to go rimbayu one more time....

Eastken, you should be the ambassador for Rimbayu.

Should get some incentive from them. 

kinda make sense for the bank. SnP two persons name means each person only own half the house. If one person apply for the loan.. that one person default the loan.... the bank can lelong half the house only cuz the other half of the house doesnt belong to this fella

not really the case, when only one of the purchasers (on the SPA) applies for the loan, the other name on the SPA (who is not taking the loan) will also need to give consent to charge to the bank, they call this a "third party charge", the original loan applicant will be "first party charge", in case of default, since both will also need to sign the PA "Power of attorney" to grant absolute power and rights to the bank they can lelong it as a whole..

why most banks don't do this because they may think the default rate may be higher because they assume most likely it's only the one loan applicant going to bear the loan repayment and the other is just along for the ride..

i myself have 2 properties under third party charges

Still no time to visit the place. Checked with them via Facebook. Anyone in here bought a house from that Zone too?

Still no time to visit the place. Checked with them via Facebook. Anyone in here bought a house from that Zone too?