I only know one thing...if you don't have a big head, don't wear a big hat. Just make sure you have good reserves, backup plans and don't bite more than you can chew. Aggressive is good if it's well thought out, but life has alot of uncertainties too...so why wanna compress loan here and there just to buy more than you could actually afford? Property gurus are the worst lots...maybe there are some good ones but generally they're there to make money for themselves, not you.

Just pace things out and don't be greedy. Very sad to see people going bankrupt because of this tragedy.

These mortgage brokers may apply up to six banks for a buyer. When three approve a loan, instead of buying one house which cost RM800,000, the buyer may end up buying three.

The “motivation”, he says, is the cash rebate which sometimes run up to 30% of the house price.

On the conservative side, the buyer may be offered RM100,000 rebate for a RM800,000 house. Three houses mean RM300,000.

Assuming a 30% rebate, that is RM240,000 per house. So the borrower takes a 90% loan, or RM720,000. The buyer gets a “cash back” of RM160,000.
Multiple applications

Banks were unaware of multiple loan applications.

“The whole process is to cheat the banks,” the source says.

“This led to banks asking for termination letters from the other banks, when they got wind of it,” the source says.

These mortgage brokers may apply up to six banks for a buyer. When three approve a loan, instead of buying one house which cost RM800,000, the buyer may end up buying three.

The “motivation”, he says, is the cash rebate which sometimes run up to 30% of the house price.

On the conservative side, the buyer may be offered RM100,000 rebate for a RM800,000 house. Three houses mean RM300,000.

Assuming a 30% rebate, that is RM240,000 per house. So the borrower takes a 90% loan, or RM720,000. The buyer gets a “cash back” of RM160,000.
Multiple applications

Banks were unaware of multiple loan applications.

“The whole process is to cheat the banks,” the source says.

“This led to banks asking for termination letters from the other banks, when they got wind of it,” the source says.

I feel sorry for the banks only now they are closing the loophole.

bank still earning la, thats why lim guan eng say windfall tax coming soon

And guess who r the winners in all tis seminars or tokok shows or mlm ponzi broker for wateva product

There is no charity in biz. It's how ethical one can be

From someone "anytime is good time to buy"?!

To someone CONnan

From someone "anytime is good time to buy"?!

A real sifu at here.
should have listen more to u than others
MC personally recommend u in his book. 

that someone is not wrong - if you KNOW what to buy that is...!  current times are for very experienced
investors who knows where and what to buy and who have very deep pockets..

there is no such scenario whereby  ALL property investments are bad ...

Tell this know what to buy to those bought in last 5 years.

Neither is ALL property investment is good.

Alwiz remember

Anytime is gd time to buy

Provided

U r buying the korek product at korek loc with korek value in term of price if u wanna know

Dun ask for tanjung malim price in bangsar

Dun pay dpc price in jb

Anytime is gd time to buy with fine prints at the bottom but its invisible

Alwiz remember

Anytime is gd time to buy

Provided

U r buying the korek product at korek loc with korek value in term of price if u wanna know

Dun ask for tanjung malim price in bangsar

Dun pay dpc price in jb

Anytime is gd time to buy with fine prints at the bottom but its invisible