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 Loan Compression, For Property Loan

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freedom8901
post Sep 26 2018, 11:38 AM

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QUOTE(tikusniaga @ Sep 26 2018, 11:06 AM)
Okay, as long as you able to service your loan.

Good luck.
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QUOTE(stevenkkh @ Sep 26 2018, 11:17 AM)
The key to this seems to be your holding power, as long as you have enough cash to sustain the installment, maybe 3 years minimum.

Like 9k per month, means if you have cash of 300k on hand.

40% below market price, sounds attractive especially if landed.
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My plan is to renovate and partition, rent by room and manage myself. Should be getting positive if not minimum -ve per month.

I am looking at the worst case where I do literally nothing and left it there to collect dust. 9k per month for 5 years is around 540k, vs 500k cashout at my hand. This is what gave me the confidence to go ahead.
freedom8901
post Sep 26 2018, 11:39 AM

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QUOTE(icemanfx @ Sep 26 2018, 11:34 AM)
Mean value of collateral held by bank is over inflated.
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English please bro, paiseh laugh.gif
tikusniaga
post Sep 26 2018, 11:48 AM

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QUOTE(icemanfx @ Sep 26 2018, 11:34 AM)
Mean value of collateral held by bank is over inflated.
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That’s obvious.

I think it is okay lah, if he can service the loan.
icemanfx
post Sep 26 2018, 12:04 PM

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QUOTE(tikusniaga @ Sep 26 2018, 11:48 AM)
That’s obvious.

I think it is okay lah, if he can service the loan.
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It is a matter of time, some will walk away with cash out.

tikusniaga
post Sep 26 2018, 12:06 PM

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QUOTE(icemanfx @ Sep 26 2018, 12:04 PM)
It is a matter of time, some will walk away with cash out.
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You mean take cash and run?



freedom8901
post Sep 26 2018, 12:07 PM

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QUOTE(icemanfx @ Sep 26 2018, 12:04 PM)
It is a matter of time, some will walk away with cash out.
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QUOTE(tikusniaga @ Sep 26 2018, 12:06 PM)
You mean take cash and run?
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Run with cashout and go for bankruptcy?
icemanfx
post Sep 26 2018, 12:58 PM

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QUOTE(tikusniaga @ Sep 26 2018, 12:06 PM)
You mean take cash and run?
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QUOTE(freedom8901 @ Sep 26 2018, 12:07 PM)
Run with cashout and go for bankruptcy?
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Some took cash out to invest to become millionaire, some lost all, etc endless possibilities.

tikusniaga
post Sep 26 2018, 01:44 PM

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QUOTE(icemanfx @ Sep 26 2018, 12:58 PM)
Some took cash out to invest to become millionaire, some lost all, etc endless possibilities.
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Wow, like poker player.

All or nothing.
ManutdGiggs
post Sep 26 2018, 01:46 PM

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leodinouknow
post Sep 26 2018, 09:16 PM

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go big or go home..!
BEANCOUNTER
post Sep 27 2018, 01:18 AM

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QUOTE(leodinouknow @ Sep 26 2018, 09:16 PM)
go big or go home..!
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go big or go broke

there wont be home anymore.
leodinouknow
post Sep 28 2018, 12:43 AM

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QUOTE(BEANCOUNTER @ Sep 27 2018, 02:18 AM)
go big or go broke

there wont be home anymore.
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oh ya ho... this way only will rich or bankrupt... no break even
icemanfx
post Sep 28 2018, 12:52 AM

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QUOTE(leodinouknow @ Sep 28 2018, 12:43 AM)
oh ya ho... this way only will rich or bankrupt... no break even
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BMW Group Malaysia has sold 20% more vehicles to date with 9,500 deliveries for its BMW, MINI and Motorrad models
https://themalaysianreserve.com/2018/09/19/...ia-sales-up-20/

Mercedes-Benz Malaysia begins 2018 with 13.2pc growth
https://www.nst.com.my/business/2018/04/356...18-132pc-growth

Uuu/bbb are obviously getting rich.

This post has been edited by icemanfx: Sep 28 2018, 12:57 AM
jassicaskylpm
post Oct 21 2018, 08:18 AM

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QUOTE(BEANCOUNTER @ Sep 27 2018, 01:18 AM)
go big or go broke

there wont be home anymore.
*
House is not share/fx/getting tongue.gif


leodinouknow
post Oct 21 2018, 01:37 PM

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QUOTE(jassicaskylpm @ Oct 21 2018, 09:18 AM)
House is not share/fx/getting tongue.gif
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share can buy with margin too. high profit high lost too
cliffekent
post Oct 21 2018, 10:45 PM

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Some bank will check again CCRIS when first disburse money, if burst, they will lower your margin or terminate the loan. Like tiger bank. But this is random choose to check again. If you are the unlucky, den congrats u.

Doing loan compression, most important you got Holding power to do -ve gearing. If dun hv, then prepare go for bankrupt.
BEANCOUNTER
post Oct 21 2018, 11:23 PM

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QUOTE(cliffekent @ Oct 21 2018, 10:45 PM)
Some bank will check again CCRIS when first disburse money, if burst, they will lower your margin or terminate the loan. Like tiger bank. But this is random choose to check again. If you are the unlucky, den congrats u.

Doing loan compression, most important you got Holding power to do -ve gearing. If dun hv, then prepare go for bankrupt.
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Tbey will check B4 1st disbursenent

Also depends on how kong btw the signing of loan agreement and b4 1st disbursenent
leodinouknow
post Oct 22 2018, 05:37 PM

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QUOTE(BEANCOUNTER @ Oct 22 2018, 12:23 AM)
Tbey will check B4 1st disbursenent

Also depends on how kong btw the signing of loan agreement and b4 1st disbursenent
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well, here is the situation where dirty money come into play
AskarPerang
post Nov 6 2018, 09:46 PM

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Anyone care to explain this?


ManutdGiggs
post Nov 6 2018, 10:03 PM

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QUOTE(AskarPerang @ Nov 6 2018, 09:46 PM)
Anyone care to explain this?


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Sifu teaches followers to buy more with loan compression. I think it's a vely gd way to go holand.

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