thats fire insurance lah, MLTA or MRTA mana ada cover fire punya. apalah.

My apartment got MLTA with finance, management still buy fire insurance for my finance bank.

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Added on July 6, 2012, 4:53 pmbro, if u think the unit u will hold for another 30 years, MRTA sounds good.

But ur house after 20 years u still want stay there or u don sell away? By the time, after 10 years i sure u will sell it away coz u got better choice. Then MRTA paid in advance burnt redi.

Better source for 5 years or 10 years MRTA. If after 5 years u think u want extend, just renew lor. Why u must pay off 1 shot now of finance it to ur loan? the bank eat ur principle + MRTA loan interest at the very beginning.


This post has been edited by peri peri: Jul 6 2012, 04:53 PM

i chosen the MRTA 8 years from RHB for eligible on the -2.4%. wise?

just to share, banks also offers 5years MRTA if u intend to flip but they will give u best best rates on BLR rebates

for ur info, last time im young, i don choose mrta or mlta as to max up my cash flow. that time i got insurance covering also.

i checked with uob and rhb on this. last 2 weeks. scenario 2 not possible.

for scenario 1, MRTA must put both name if loan on both name. premium slightly higher but will cover all if any deceased.

Mlta is good for short term own stay

This mlta thing is same like personal insurance. Since i having a personal insurance plus medical card with prudential, most bank offers me home loan without mrta