vknight bro, thanks for the clarification. This is how i understand it as well.

So can we say that if the cost is lower and profit higher then there is a lesser chance of increase in interest?

Difficult to saylah bro. The spread which is the banks profit is fixed. The BR - the cost can fluctuate.

My worry now is Maybanks BR is low now. What if it cannot maintain low BR and it increases. The spread is high then end up.paying.higher interest.

At this period of time with the bad economy, anything is possible...

Hi guys, mind sharing the length of MRTA you have and the how much is the premium you paid?

sorry double post.

This post has been edited by lifebalance: Aug 24 2015, 10:10 AM

Normally get as short as possible for the MRTA tenure if you really to get lower interest.

The rest just get MLTA for long term cost effectiveness.

Sorry, don't get what you mean.

Do you mind explaining one more time?

Some banks just require you to buy maybe 10 years mrta to get lower interest rate. Some will put it that you have to buy for your whole loan tenure.

So if you need to purposely get mrta to offset for a lower interest rate and the banks wouldn't budge unless you buy mrta with them. Then just buy a lower tenure mrta. So you don't have to fork out and finance your insurance under the loan.

Use your money to get mlta if you can afford it because end of the day. You'll get back your money after x amount of years

MBB said they will pay back the remaining premium if the loan is paid off earlier than the MRTA period.

That's great. Check on the fine print and what's the amount they'll be paying back.

For a 15 years MRTA of a loan amount of RM515k, what sort of premium would you expect?

Check on the Matrix Facebook, a lot of owner complaint on the quality issue (mainly leaking), slow response in job rectification and same leaking issue recurrence after repair.

For the new purchaser, any guarantee from Matrix developer on the coming phase? Do you all confident with the project?

Which once you all think more worth it in value?

Dextora (Loan reject unit)
- 20x80, 2615 sqf
- RM453329 (3+2% rebate from RM476888)
- RM173 psf

Elvina (phase 3)
- 22x80, 2807 sqf
- RM531893 (3+2% rebate from RM559888)
- RM189 psf

really? I tot they did good job in rectifying the leaking problem

Based on the complaints in Matrix facebook, same leaking issue still happened after few time rectification.

If you don't need a bigger unit then Dextora is just nice. Much cheaper in price.

Another factor is the location of the units. Just make sure you like the location.

This post has been edited by neonikson1: Aug 25 2015, 07:27 PM

Looks like most of the complains are from Nusari Bayu.

Finger cross they have improved on their workmanship!

Anybody know what else is currently there apart from Movida?

if you are referring to restaurants, besides Movida there are japanese, malay, and chinese restaurants.

But i have not tried any of them besides Movida. Not sure of their taste yet!

oic....if they want to make it damansara alike need to have more commercial/retail lots with big names