This just in, the best rate in the market is 4.75%, for a tenure of 35 years maximum or until the age of 65.

You can also do a joint-applicant, where the father/mother lends their income for the child's ASB-financing application, of which the tenure of the financing will follow the child (thus longer tenure)

Can. For example, father is 60 years old. He has income but age-disadvantage.

He uses his name and income to joint-apply with his 2 children, aged 20 and 22 who have no income. Each child will get 200k financing, at the maximim tenure of 35 years.

ASB2 financing still closed for the time being

yes, it is still possible. Because in that arrangement, you would be the joint-applicant, not main applicant.

1. Your child is the main applicant. The one who is the certificate holder. As long as the "baki boleh cagar" for this person is still RM200,000, this person can still borrow this many units for investments. The tenure will be based on the main applicant's age; if he/she is 30 and younger, the tenure can be extended to the maximum of 35 years

2. You would be the joint-applicant. You would be lending your income into the application, but the certificate will NOT be under your name. There are no restrictions to having more ASB-financing under your name as long as your debt-service-ratio allows it

The minimum age for the child is understandably 18 years old, which is the minimum age in Malaysia to enter a contract (a loan is a contract). Additionally, if your wife is not working, you could lend your name/income to her for a similar arrangement as per above

Yeah quite a number of people do it. It is a lump-sum rolling-technique that some people employ to maximize the loan. They would pay the first 12 months (or less) of the monthly installments using cash that they have in-hand, then each year they would use the distribution received to pay the installments upfront.

The great thing about it is that the rolling-technique does not have to be permanent. In the future, when the income situation has improved, you can always revert to paying the installments on a monthly basis as opposed using part of your distributions to supplement the payments.

In addition, you would be able to increase the softcap of your ASB accounts early on by maximizing the distributions received - as we know, the softcap is increased through the accumulated distribution received