Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

 should i take either mrta or mlta?

views
     
wild_card_my
post Jul 8 2017, 07:50 PM

Look at all my stars!!
*******
Senior Member
6,562 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(Galaxy_Nexus @ Jul 4 2017, 02:23 PM)
hi guys, plan to buy my FIRST house double storey landed for INVESTMENT(may sold off later).the house name will put my mother's name, but the loan i will use my own name only. neither me or my family will be staying in the unit.

Should i buy mrta or mlta since the loan only by myself only? can i refuse to buy? Hope the experts can enlighten me.
*
MRTA is cheaper, and you take it at the beginning of the loan. MLTA is much more expensive, and will affect your monthly cash-flow.

The only way is to ask yourself what kind of protections you need, and the costs that you are ready to pay for that protection
wild_card_my
post Jul 17 2017, 01:27 PM

Look at all my stars!!
*******
Senior Member
6,562 posts

Joined: Jan 2003
From: Kuala Lumpur
[quote=PrincZe,Jul 15 2017, 12:20 AM]
[QUOTE]
What does banker normally push?

I think it's the Islamic one, where anything happen, the property is gone
*

[/quote]
banker wil lusually ask you to get their own MRTA/MLTA product and finance that into the loan.

what "happens" that results to property being gone? Whatever happens for "Islamic one" and allow the property to be gone, will have the same effect for "conventional one" i bet.
wild_card_my
post Jul 17 2017, 07:42 PM

Look at all my stars!!
*******
Senior Member
6,562 posts

Joined: Jan 2003
From: Kuala Lumpur
QUOTE(PrincZe @ Jul 17 2017, 05:38 PM)
Same effect? In other words no matter which u choose will still be gone lol
*
Taking a life insurance isnt about you per se, it is about your family and your legacy. You can either leave them with debts or with asset. Your choice.
« Next Oldest · Property Q&A · Next Newest »
 

Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0953sec    0.75    6 queries    GZIP Disabled
Time is now: 5th December 2025 - 11:44 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.