Hi sifus,

Have some questions regarding to house loan and hope sifus can give some guidance.
Planning to get my first house soon.

Q1. Is it normal to sign loan offer letter before project obtained APDL?

Q2. Now economy is bad, if loan approved at 4.4% now. Few months later if (touch wood) economy turn worse, normally if apply loan during bad economy time, the interest rate will be higher or lower?

Q3. After signing the loan offer letter, changing mind of not taking the loan or swap to other better project, will kena penalty from Bank? If yes, how much will it be?

Thanks in advance.