QUOTE(stevenkkh @ Apr 19 2018, 12:16 PM)
Sorry guy, one more time to answer this as I feel really funny when I see this response.
FYI, the loan most probably for 30 years, if let's said after 20 years, your property reduced from RM600K to RM400k, so all RM400K will be use to repay your loan and even worst is you need to topup to repaying finish the loan if the amount is not enough to cover your loan.
Sorry, this applicable for those taking loan only and if you cash loaded for cash buy, so this might no longer applicable to you as RM200k++ losses to you is nothing over 20 years which you assume as rental for that unit.
this is where your mistake is...FYI, the loan most probably for 30 years, if let's said after 20 years, your property reduced from RM600K to RM400k, so all RM400K will be use to repay your loan and even worst is you need to topup to repaying finish the loan if the amount is not enough to cover your loan.
Sorry, this applicable for those taking loan only and if you cash loaded for cash buy, so this might no longer applicable to you as RM200k++ losses to you is nothing over 20 years which you assume as rental for that unit.
whether loan or cash.....there will always be value on your cash. Your cash can work harder than you if you know how to work your cash. cash is not something idle just sit under your pillow.
Apr 19 2018, 01:14 PM

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