pbb 3.9 500k 35 years loan
mrta 18k for 25 years , insure 300k per person + 50k per person CI
vs
mbb 4.0 500k 35 yeasr loan
mrta 19k for 25 years insured 500k
which is better?
Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 Mar 2 2020, 09:27 PM
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115 posts Joined: Feb 2005 
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Mar 3 2020, 11:54 AM
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#2
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QUOTE(eric.tangps @ Mar 3 2020, 06:21 AM) MRTA covers death and TPD, claimable upon death or TPD. MBB insurs full loan.CI is claimable upon critical illness. As for rate, 3.90% is significantly lower hence more preferred. The question will be would how your MRTA is covered. PBB offers RM300K each, how about MBb?  by the way, is it better to loan 70% or 90% and then deposit 20% in later? both eventually should be 70%. we are buying under con property and la and stamp duty will be borne by developer |
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Mar 3 2020, 01:36 PM
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QUOTE(eric.tangps @ Mar 3 2020, 01:06 PM) RM300K is each... for PBB. 500k is bothRM500K is each or only 1 person ? If loan, Banks dont care whether 70% or 90% when come to default. Default is default. It will come to affordability and stress, if you can afford to pay then it is ok. Some cant handle the stress knowing you have a huge loan and it will lingers in your mind. Of course you can apply 90% and dump $$$ into your loan later if it is semi flexi. Of course you can apply 90% and dump $$$ into your loan later if it is semi flexi. with regards to the above, loan 70 % compare to 90% + dump in later to make it 70% , it is the same right? if do the later, any additional charge incur? |
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