I'm actually thinking it over, whether one should buy a house (that is going to be leaved in) by CASH or INSTALLMENT?
Reason why I asked is because of the interest incur for the loan
As an example, Let's say one can afford a house at RM200k CASH and his income tax has been very transparent, would it be better to save the extra interest?
I'm not very sure about the BLR and interest calculation. If possible, can someone kindly clarify. Let's say the loan is 90% of RM200k, so the total loan is RM180k. So if a tenure of 30 years, how much in total should be paid?
I also know that some say if one got money, one should clear it earlier to reduce the interest. So in addition to the example above, let's say the loan of 30 years is shorten to 20 years, how much savings will one get?
Should one buy a house CASH or INSTALLMENT?