Sep 18 2018, 10:43 PM
QUOTE(ichuck @ Sep 18 2018, 09:42 PM)
Hi ive bought an apartment under con, and planning to buy another landed undercon too,
Currently im paying for the progressive interest for the apartment undercon around RM300.
What if i didnt pay the progressive interest until i the time i can start the full installment?
I definitely think there will be interest on top of it, but anything on CCRIS or CTOS?
Confirm will appear in CCRIS. 1 month default enough, will tarnish your record and you wont be able to borrow anything from the bank. Currently im paying for the progressive interest for the apartment undercon around RM300.
What if i didnt pay the progressive interest until i the time i can start the full installment?
I definitely think there will be interest on top of it, but anything on CCRIS or CTOS?
Your house will be lelong straight once VP. Ppl try to recover their house from lelong after 6 months of not paying also like an impossible task to most ppl. In your case will be even worse, after years of not paying. Interest rate will not maintain the same.
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