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 Ultimate Discussion of ASNB (47457-V)发 8ight 发, Wholly owned subsidary of PNB (38218-X)

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besiegetank
post Nov 2 2017, 09:30 PM

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QUOTE(veera77 @ Nov 2 2017, 07:29 PM)
anyone have done re-mortgage/re-finance to invest in Amanah Saham?

since there is spread of 2% between mortgage interest and amanah saham dividend...

furthermore mortage is reducing balance interest, while amanah saham is compounding interest..so the spread will increase over the year..

just came to mind this idea..please share your experience if anyone have done this..tq
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Seems more like a hassle for that 2%. don't forget about all those paperwork and fees involved. Unless you are talking about millions of refinancing...
besiegetank
post Nov 2 2017, 09:49 PM

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QUOTE(MGM @ Nov 2 2017, 09:39 PM)
How much would it cost? Hassle is only 1 time. For 500k, 2% is rm10k a year.
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All the legal fees and stamp duty can amount to be about RM15k? Plus you still need to service the repayment every month thus cut down on your monthly cash flow. In addition, you need to worry about movement in BLR, and then yield in ASNB is not guarantee. I'm not an advocate of taking such a loan for investment if I have to worry about so many things...
besiegetank
post Sep 29 2018, 10:03 PM

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So Monday will be the best time to invest?
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