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 MyDeposit - Thoughts?, Home Deposit scheme

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shadow_walker
post Apr 11 2016, 02:13 PM

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QUOTE(Kelefei @ Apr 11 2016, 12:32 PM)
2)the gomen will credit to seller's lawyer account...but how can i make sure the lawyer will transfer the money back to me since i had already cleared 10‰ downpayment to the seller?
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the lawyer will transfer to u lar...its their professional duty...u think they want your 30k ar...if they misappropriate the fund of clients their license can be revoked...disbarred. doh.gif doh.gif with their license they earn millions per year liaoo..lololol

deswai gomen will deposit to the seller's lawyer...not seller...later he cabut how..lol

any tom dick harry lawyer usually got experience handle gomen loan...no worries bro..procedure leave to them..make sure u apply and approve first
shadow_walker
post Apr 11 2016, 02:14 PM

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QUOTE(iGamer @ Apr 11 2016, 01:34 PM)
Good for the gov to help the needie, but why can't the gov act more fairly?

How about self-reliance people who are also middle income earners but already bought property by committing to long housing loan tenure (30-35 years)? Why aren't the gov showing appreciation to these self-reliance people by giving tax deduction for their housing loan interest? cry.gif

Instead what we have here is free money (up to RM30k) for a few lucky family/individuals who may not even bother to save some money to get their first house/apartment???!!!! ranting.gif
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got la woi..u can claim the interest portion of your housing loan and set off in ur taxable income

kantoi liaoo never pay income tax brows.gif brows.gif brows.gif brows.gif
BEANCOUNTER
post Apr 11 2016, 02:19 PM

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QUOTE(shadow_walker @ Apr 11 2016, 02:14 PM)
got la woi..u can claim the interest portion of your housing loan and set off in ur taxable income

kantoi liaoo never pay income tax  brows.gif  brows.gif  brows.gif  brows.gif
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watlioa.....ini apa Malaysian taxation law? housing loan interest can offset against taxable income?
shadow_walker
post Apr 11 2016, 02:21 PM

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QUOTE(BEANCOUNTER @ Apr 11 2016, 02:19 PM)
watlioa.....ini apa Malaysian taxation law? housing loan interest can offset against taxable income?
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got lar...interest portion liaooo...
TSragzs
post Apr 11 2016, 02:22 PM

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QUOTE(wong8981 @ Apr 11 2016, 01:40 PM)
Ok, true.
MY gov used to give 'help', eg BR1M, give $$ while the price for everything hiking at the same time.
The brain cant think even further ? I doubt... maybe br1m just another round of songlap, idk...
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wnder whether we r gonna see a new price hike in property prices.. nowhere to stay already like that..
iGamer
post Apr 11 2016, 02:23 PM

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QUOTE(mafa2801 @ Apr 11 2016, 01:51 PM)
i have a feeling that all the science fiction movies is coming to reality..The poor become poorer..the rich become richer.
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That is not science fiction, that's a GENERAL fact of reality.

Of course there are always EXCEPTION where some poor manage to get rich or rich become bankrupt. But the general trend of rich become richer makes logical sense in that the rich will manage to provide better education for their next generation. A poor can study hard to local university, but a rich can send their children to overseas high end university, where their children can mingle and build up NETWORKING with other rich children and family, which opens up even better prospect than a poor local university student will ever have.

While the poor or middle income is slaying their whole life to pay for housing loan interest (a housing loan typically doubles the original house price by the time the loan is cleared), the rich are investing their excess money to earn even more. The poor are always spending a big chunk of their income on daily necessity and have little left to invest (limited option of investment for the poor due to their small amount of money).

The problem is whether the gov is making proper policy to ensure that they are giving out economical assistance fairly and proficiently, or are the gov promoting "tongkat" cultures.
Kelefei
post Apr 11 2016, 02:24 PM

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QUOTE(shadow_walker @ Apr 11 2016, 02:13 PM)
the lawyer will transfer to u lar...its their professional duty...u think they want your 30k ar...if they misappropriate the fund of clients their license can be revoked...disbarred.  doh.gif  doh.gif with their license they earn millions per year liaoo..lololol

deswai gomen will deposit to the seller's lawyer...not seller...later he cabut how..lol

any tom dick harry lawyer usually got experience handle gomen loan...no worries bro..procedure leave to them..make sure u apply and approve first
*
Thank you,bro,for the clarification
shadow_walker
post Apr 11 2016, 02:55 PM

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QUOTE(Kelefei @ Apr 11 2016, 02:24 PM)
Thank you,bro,for the clarification
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no prob bro...go apply fast2... thumbup.gif thumbup.gif
jinsailoo
post Apr 11 2016, 02:59 PM

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QUOTE(iGamer @ Apr 11 2016, 01:34 PM)
Good for the gov to help the needie, but why can't the gov act more fairly?

How about self-reliance people who are also middle income earners but already bought property by committing to long housing loan tenure (30-35 years)? Why aren't the gov showing appreciation to these self-reliance people by giving tax deduction for their housing loan interest? cry.gif

Instead what we have here is free money (up to RM30k) for a few lucky family/individuals who may not even bother to save some money to get their first house/apartment???!!!! ranting.gif
*
IT IS NOT FREE !!!!

YOU HAVE TO PAYBACK !!!
jinsailoo
post Apr 11 2016, 03:03 PM

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QUOTE(shelby_yong @ Apr 11 2016, 10:23 AM)
actually im quite agree with you.

ya, this plan can help them to own the house,

problem is those extra fees, like legal fees, stamp duty how?

once move in, maintenances fees? indah water la. quit rent how?

and also installment how?
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ya, let make it clear one more time

This is some thing like loan,
not pocket money for your 10%

if you can't even save 10% of the DP,
that mean your money management have some problem,
it would be very hard to maintain a house.

just like car,house also need to maintain.


mafa2801
post Apr 11 2016, 03:06 PM

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QUOTE(jinsailoo @ Apr 11 2016, 03:03 PM)
ya, let make it clear one more time

This is some thing like loan,
not pocket money for your 10%

if you can't even save 10% of the DP,
that mean your money management have some problem,
it would be very hard to maintain a house.

just like car,house also need to maintain.
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Better go for markup loan and no need to lock 10 yrs..
wayne20
post Apr 11 2016, 03:07 PM

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apply this mydeposit need to get bank loan approved 1st?
travis8481
post Apr 11 2016, 03:38 PM

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QUOTE(jinsailoo @ Apr 11 2016, 02:59 PM)
IT IS NOT FREE !!!!

YOU HAVE TO PAYBACK !!!
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mind to share info here? I'm understand that is FREE but only limit to 6,000 lucky applicant
samkps
post Apr 11 2016, 03:46 PM

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QUOTE(travis8481 @ Apr 11 2016, 03:38 PM)
mind to share info here? I'm understand that is FREE but only limit to 6,000 lucky applicant
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RM 200 million / RM 30,000, 6666 to be exact..

Nationwide I presume, 13 states, 3 FT..

Can roughly calculate the chance.. biggrin.gif

First come first serve basis??? hmm.gif

This post has been edited by samkps: Apr 11 2016, 03:57 PM
iGamer
post Apr 11 2016, 03:46 PM

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QUOTE(jinsailoo @ Apr 11 2016, 02:59 PM)
IT IS NOT FREE !!!!

YOU HAVE TO PAYBACK !!!
*
Are you sure? I don't see anywhere the gov mention pay back or duration for pay back. confused.gif
JianNinety
post Apr 11 2016, 04:26 PM

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QUOTE(iGamer @ Apr 11 2016, 03:46 PM)
Are you sure? I don't see anywhere the gov mention pay back or duration for pay back.  confused.gif
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Pay back with voting BN maybe. rclxms.gif
barista
post Apr 11 2016, 04:27 PM

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One of the requirement is the person must be employed. Another requirement, the person must be qualified to get a home loan. Aren't we back to square one? Many who took the PR1MA had problem getting their loan approved.

This post has been edited by barista: Apr 11 2016, 04:29 PM
Kelefei
post Apr 11 2016, 04:41 PM

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QUOTE(shadow_walker @ Apr 11 2016, 02:55 PM)
no prob bro...go apply fast2... thumbup.gif  thumbup.gif
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Cari pun belum start lagi... biggrin.gif
iGamer
post Apr 11 2016, 04:42 PM

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At the moment there's these 3D biggrin.gif
1st D- Difficult to get housing loan approved;
2nd D- Difficult to get car loan approved (news reported about 60-70% reject rate);
3rd D- Difficult to get credit card approved (Really this is unheard of before, but it's true)

The stringent policy adopted by most commercial banks may be a hint that the banks are REALLY worried about the current economy and bubble burst, otherwise commercial banks would welcome any business/client they can get.

This post has been edited by iGamer: Apr 11 2016, 04:44 PM
JianNinety
post Apr 11 2016, 04:45 PM

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QUOTE(iGamer @ Apr 11 2016, 04:42 PM)
At the moment there's these 3D  biggrin.gif
1st D- Difficult to get housing loan approved;
2nd D- Difficult to get car loan approved (news reported about 60-70% reject rate);
3rd D- Difficult to get credit approved (Really this is unheard of before, but it's true)

The stringent policy adopted by most commercial banks may be a hint that the banks are REALLY worried about the current economy and bubble burst, otherwise commercial banks would welcome any business/client they can get.
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If banks keep rejecting loans and credit card approvals, soon they will have too much funds in their accounts. And they will open back the taps and start approving loans. Just dont know how long the banks can delay their source of income.

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