anyone here know if "fire insurance" is compulsory?
Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 Jul 25 2016, 03:07 PM
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#1
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154 posts Joined: Jun 2016  
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Jul 25 2016, 03:46 PM
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#2
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QUOTE(lifebalance @ Jul 25 2016, 03:38 PM) As long as you take a loan with the bank. It's compulsory to get it from the bank. what is the policy rate like for a landed house valued at 673,000 yearly?If high rise unit you need to buy but the management will buy a master policy for ur fire insurance then get a copy and present to bank to waive If landed then it's compulsory to buy  |
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Jul 25 2016, 04:27 PM
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#3
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QUOTE(lifebalance @ Jul 25 2016, 04:17 PM) What type of house is this ? its a double stry unit (22 x 70) |
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Jul 25 2016, 04:36 PM
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#4
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QUOTE(lifebalance @ Jul 25 2016, 04:34 PM) About rm624 noted with thanks...i assume this is calculated not based on the full unit value as land will be exempted from this. |
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Jul 25 2016, 05:02 PM
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#5
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QUOTE(lifebalance @ Jul 25 2016, 04:46 PM) Yes. 80% of 673k thank you.  |
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Nov 27 2017, 11:53 AM
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#6
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dear all...would like to check...i booked a house and loan approved...probably the house will be ready next year august and thats when the payment starts...question, if i plan not to take this house due to some personal issue, what is the process and will my deposit be refunded?
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Nov 27 2017, 12:06 PM
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#7
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QUOTE(lifebalance @ Nov 27 2017, 11:58 AM) Hi Project and all the above signed.That depends on your agreement written in the booking form. This is a subsales or project ? Have you signed the SPA ? Have you sign the Loan Offer or Loan Agreement ? |
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Nov 27 2017, 12:21 PM
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#8
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QUOTE(lifebalance @ Nov 27 2017, 12:08 PM)  sad to say you can't abort it anymore especially bank already paid to the developer.You're obligated to repay the bank now |
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Nov 27 2017, 12:24 PM
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#9
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154 posts Joined: Jun 2016
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QUOTE(lifebalance @ Nov 27 2017, 12:23 PM) Yep but you maybe selling it at a loss if you want to dispose it as soon as possible. okay thanks broAnd you can only sell it once it's completed. Not while underconstruction. |
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