Property class in Kuala Lumpur?, Newbie here
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 Apr 4 2017, 11:09 AM
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#1
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All Stars
10,188 posts Joined: Apr 2012 
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its not even worth to open those classes for you to attend... the forum is the best platform for you... provided you know to filter our the negativity... i doubt anyone here who bought their first property... they went and attended some classes before they buy... lol
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Apr 6 2017, 03:52 PM
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#2
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All Stars
10,188 posts Joined: Apr 2012
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QUOTE(cyelanius @ Apr 4 2017, 10:54 PM) Hi, i recently plan to buy a house. I have this important question : let say i cant afford to continue paying the housing loan in future, is it possible for me to sell the house to pay off the housing loan plus earning? My concern is my house will worth 500+k. Based on the monthly installment, the total of loan repayment will be 1mil. Does this mean i need to sell the house above 1 mil in order to cover the loan and earn the balance, if any? selling house is equivalent to early settlement.... when u sold your house... the money will first use to clear off all the principal amounts... interest accrued on a daily basis... hence u only pay those interest accrued but nt paid yet only... its not like HP u have to pay off the full interest even u sold your car...  having said that... if you stay in your house for 10 years or more... u already paid alot of the interest to bank already for the first 10 years.... |
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