QUOTE(ckl1998 @ Mar 17 2015, 06:39 PM)
emm...... the officer keep saying why you need to dump in one shot the extra fund as down payment, why don't you finance a higher margin and dump this fund accordingly when the bank starts to release the money to developer. For example, let's say you have 300k extra fund, don't dump this as down payment straight, it is more productive to dump this via flexi plan. Anyway, my intention is to make the monthly repayment as low as possible so that I am comfortable with the minimum monthly repayment and will pay extra if I have further fund. Any comment?
Yes, if you are having a flexi loan, there's no point for you to put in any extra money as "downpayment", coz you can always put in the excess money to you loan account and interest will be reduced as well. On top of that, you still have the full flexibility to withdraw the excess money in case of emergency. Why lock the money as "downpayment" as you can have choice to withdraw it anytime? You pay RM 10 per month for such facility, why not using it?
Mar 18 2015, 09:02 AM

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