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Financial MRTA vs MLTA vs Term Plus..., whatever they call it

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arian
post Oct 24 2011, 10:58 PM

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hi all agents,

loan amount rm 915,000
tenure 36 years.
age now 34 ( 21.11.1977)
sex: male
health: very healthy
non smoking
no illnesses

can someone quote me MRTA ?
1. i was quoted by ING to be around rm60k+ one lump sum payment. does it sound right?
2. i was also advised by a good house agent not to take MRTA for the whole tenure of the loan ( 36 years). she said take only 5-10 years. what do u guys think?
3. i have no plans to sell the house in the future but , who know..i might. right? so, whats the ideal tenure for MRTA for your point of view?


email your replies to syazwara@hotmail.com

cheers
arian
post Oct 24 2011, 11:03 PM

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Joined: Oct 2009


need advice.

i refinanced my house from STANCHART to MBANK last year and didnt know that MRTA can be 'refunded' when i buy another MRTA with another insurer.

what is the procedure? the refinance was more than 1 year, maybe 2 years ago,

can i still get the refund from the previous insurer that i took the MRTA?

Thanx in ADVANCE.
arian
post Oct 26 2011, 09:12 PM

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QUOTE(MaxWealth @ Oct 26 2011, 06:22 PM)
Just wondering you took with the bank or directly from an insurance company?
*
i took from stanchart and if im not mistaken, its from an insurance company. i'll have to dig in to find out my old docs.

ps..thanx for all of u all who replied. VERY HELPFUL indeed.

 

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