Nov 16 2017, 08:55 PM
QUOTE(Artlinenow @ Nov 16 2017, 01:06 AM)
hi
Heard my uncle (70 years old, whats his max loan tenure?) cash buy a property with 1.5 mil cash.
I remember its not worth buying with cash, even factored in discount received with cash buy, interested saved etc as money depreciate over and need to calculate inflation as well.
Any experts can explain in details with assumption?
Thanks!
1. Too old, to get loan. Unless his kids (with salary or biz income acts as a guarantor)Heard my uncle (70 years old, whats his max loan tenure?) cash buy a property with 1.5 mil cash.
I remember its not worth buying with cash, even factored in discount received with cash buy, interested saved etc as money depreciate over and need to calculate inflation as well.
Any experts can explain in details with assumption?
Thanks!
2. It's not true, not worth buying in cash. It's simple.
If you have RM1.5million and take a loan on it, the interest on it is say, 4.5% p.a.
Unless your uncle is able to invest in something that gives a return higher than 4.5% p.a., it's better to pay in cash.
Just keeping it simple.
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