Mlta

- better for investors or those who own more than 1 property. Becos u can park all ur investment/property under a single insurance which is MLTA. Everything under a 1 roof.
- yearly premium more expensive.

Mrta

- good for first time house buyer or financial constrain house owner becos it is cheap.
- mrta couldn't cover more than 1 property as well as it is non transferable.
- whenever a person wanted to invest a new house or change to new home, they have to surrender the existing mrta and buy a new one.

Which is better? Depends lo... Sometimes cheap doesn't mean good, but sometimes cheap is just perfect for certain situation.

Cheers,
Alvin Fong
Financial wealth planner/mortgage specialist
Nuovo paradigm