Loan Compression, For Property Loan
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 May 13 2019, 11:24 PM
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#1
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Junior Member
767 posts Joined: Apr 2008  
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QUOTE(mangoproperty @ May 13 2019, 10:37 PM)  so when wanna lelong cheap cheap!!The reason why the prices were marked up was because of the cash rebate. The cash rebate is not free money. You are taking on a 30-year mortgage for a property with an inflated value. The monthly instalment for a RM1m property on a 30-year mortgage ranges from RM5k-RM7k. You own this debt, no one else. |
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May 14 2019, 08:41 AM
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#2
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(icemanfx @ May 14 2019, 12:30 AM) Negative gearing is a poorperly guru favourite. Thats why allways limit your property to 2x loans with 70% down. This post has been edited by gld998: May 14 2019, 08:41 AM |
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May 14 2019, 08:49 AM
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#3
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(ManutdGiggs @ May 14 2019, 08:46 AM) 70% dp??? 30% down. typo |
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May 14 2019, 08:53 AM
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#4
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(trust4you @ May 14 2019, 08:43 AM) What u mean by 2x loan? Max 2x hse loan. I dont encourage more then 2x housing loan unless u can afford it,I see alot of Msian frens, got 80% of their income into property, buying relying on cash rebate.  |
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May 14 2019, 11:18 AM
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#5
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(trust4you @ May 14 2019, 10:51 AM) if u can afford 70% get loan and pay another 20%, then can buy what Its comes to affordability, pay hse installment is monthly for 30yrs or 5yrs before you flip is no joke.  3rd / 4th property also no problemLater buy susu for anak also got problem then how? Bini can tahan or not? I have 4x property but all on loan and I have to eat karli with alot of rice like bangla everyday sounds good to you.  If u can afford, good for you but never buy above your affordability. This post has been edited by gld998: May 14 2019, 11:19 AM |
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May 14 2019, 01:51 PM
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#6
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(trust4you @ May 14 2019, 12:26 PM) Why u want to earkarli with alot of rice? your 4x property can rent out right? just play the rental game until u find the right buyer and sell out.  nowadays rental cannot cover la.. some need to topup alot. Thats why need to eat karli with alot of rice  This post has been edited by gld998: May 14 2019, 01:54 PM |
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May 14 2019, 01:53 PM
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#7
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(Jay_AX @ May 14 2019, 01:50 PM) I hear so many scary2 story here all mthly have to pay >rm5k per unit end up bankrupt and even suicide..but how about mthly rm500-800 per unit for small player..let say 2-3 unit only just to avoid the 70% margin for 3rd property. less risky, easier to hold and not bleeding much. for this case, compress loan is ok? well..asking for a friend Do the calculation that he no rent out also can pay. If answer is yes. then proceed.  If cannot reduce the number of unit until he can. |
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May 15 2019, 10:00 PM
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#8
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(BEANCOUNTER @ May 15 2019, 09:17 PM) Why 30% down? Why not 20 or 40%? I did my calculation before. You go figure out yourself.Any study on this? Or bcos popety generally are 30% below market value hence its safer to secure loan to the real value instead of the syiok sendiri value? |
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May 15 2019, 10:04 PM
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#9
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(BEANCOUNTER @ May 15 2019, 09:20 PM) Even if one person can easily afford 4 or 10 popety today, it doesnt mean he can afford it tomolo, the day after tomolo and so forth. U think zaman kegemilangan Melaka?!..U know hero die 1st rite.You live by sword, also death by the sword. I calculated and minimize my risk. |
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May 16 2019, 10:41 AM
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#10
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(icemanfx @ May 16 2019, 10:38 AM) If borrower has the capacity to make loan repayment, need not go for loan compression. Most loan compression borrowers are subprime and many will end in foreclosure. Hence bank auction sales is expected to rise in next few years. Yes. And i am counting on it to get cheap property. |
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May 16 2019, 12:10 PM
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#11
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(trust4you @ May 16 2019, 12:08 PM) just sapu e9 la bro, hot property now wad I cannot yet. This year end then can once my hse loan fully settled.This post has been edited by gld998: May 16 2019, 12:10 PM |
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May 16 2019, 12:12 PM
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#12
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(trust4you @ May 16 2019, 12:10 PM) Damn then u missed the boat. so fast settle your housing loan for wad? Ayam always got boat one. Miss one boat, got alot of other boats. Da tua da. Loan also cannot ambik long long. |
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May 17 2019, 07:24 PM
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#13
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Junior Member
767 posts Joined: Apr 2008
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QUOTE(warface @ May 17 2019, 05:39 PM) haha  some instance installment 5k rental 2k ma. that's example only ma  This post has been edited by gld998: May 17 2019, 08:09 PM |
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