1. You need money. Entry cost is around 15% of property price for downpayment, legal fee, etc.
2. You need good credit profile. Banks won't loan you if you have bad credit history.*
3. You need knowledge. a) know the market, don't buta-buta kena chop by sales agent; b) learn government's incentives to help first time house buyer; 3) learn how to manage your cash flow before you start your loan repayment.
*I agree building credit profile with credit card is important but my first mortgage loan was approved without credit card payment history.
FIRST HOME IN MALAYSIA, Advises from the property expert
Jan 28 2018, 07:32 PM
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