hmmm...
very hard to choose between MLTA and MRTA
MLTA need alot of $$ for each month...
for my case : properties > 460k > loan 414k
if MLTA > each month need pay like RM313
if go for MRTA > sekaligus pay 19k++ (add to the loan each month pay around +80)
I'm 26 years old.. work as software engineer
different 313 vs 80++

My problem is, I'm buying this for own stay.. but then I might maybe after 10 years or 15 years sell this unit(condo) and then get another landed one... if i go for MRTA, i will rugi 18k (not including interest)
I might as well do refinance > If the bank .. let say la.. BLR - 3.5 (currently is 2.4 rite)

or is it i look too positive ? that the bank won't even up till 3.5 ~

any sifu sifu can give some comment ?

how long ?
cus mine one is 414k coverate MRTA for 40 years... public bank.. she said around 19k++ oh~
if less than 10k then i might change my mind going for MRTA .. currently set my mind to go for MLTA

This post has been edited by CKHong: May 21 2011, 10:37 AM

nop... 19k is for me only..
2 ppl need ~38k++
But today quote from UOB (panel is prudential)
400k one is around 12k++ only
hmm.. so i duno which one is more accurate..
maybe they just briefly quote..
But now after do alot of thinking..
i might just go for MLTA
200k for me and 100k for my gf..
at least monthly repayment is still affordable.. around 200++ only..
then next time got more $$ only top up more MLTA which is more expensive cus our age is increasing...

Now only i realise, not all MRTA is non transferable...
today the UOB banker told me that prudential one.. u can transfer ur MRTA.. eg : u want to do refinance... condition is the MRTA must be stick with prudential..

So far i know public bank MRTA one.. (panel i not sure which insurance company) that one is non transferable..

i would like to know this as well
AFAIK, we can't..

Hi want to ask,
when we start our monthly repayment to bank, can we take one lump sum of money from account 2 ?
I heard from banker that we can only apply from kwsp to deduct per month from our account 2.. cannot get one lump sum..
some said in this thread that better don't touch kwsp account 2 since the interest is higher than the bank interest now..
but then if next time when BLR increase.. we can't take one lump sum from account 2 and then dump to semi flexi account..
any idea sifu sifu sekalian ?