What do you mean by bundled with housing loan?

Say loan 500k
Mrta 30k

Did your loan agreement 530k for period say agreed 30yrs
Or

Loan agreement 500k
Mrt agreement 30k payable over max 10 yrs?

whoa...…...you are paying 60k or more at the end of MRTA...…(assume 30k was the original sum).

When I bought MRTA some 25+ yrs ago, you either pay cash or max like 10 years only.

of course the good thing is IF your property is for investment purpose, you can claim the interest portion inclusive of yr mrta portion as tax deductibles

This post has been edited by BEANCOUNTER: Oct 23 2019, 10:15 AM

just like MO said, end of the year, your loan financer will provide you with a yearly statement clearly stated how much interest you paid for such property from Jan to dec.

you just take the interest portion and deduct against your rental income. there are other incidental cost that you can deduct as well...….to derive your net rental income/loss.

Adrian,

good point.

by your ratio, the bank will never be able to cover the interest and principle sum of 30k (example here) bcos the developer will never bill the bank the 30k mrta…..

so how will bank or when will bank pick up the 30k mrta loan???????

like I said earlier, MRTA I doubt that they will follow your housing loan tenure. max is 10 years...….it started when 1st drawn down bcos this is where yr insurance for the loan started.....and you need to start paying.....perhaps you need to look at the agreement again.....

I stand corrected. I will not buy MRTA if I have a choice (so far I don't need to except my 1st property).