I'm 21 and I've decided to get a property a month back and eventually found a property worth 400K, I've managed to spare the 10% as well. When I processed the house loan with Maybank they said my ccris score is bad since I'm fresher so they offer me 5% intrest rate, Is it a bad idea to accept this offer ?

And so 2019 has the SPA exemption.

This post has been edited by xboxrockers: Nov 22 2019, 11:58 AM

why what makes you think that ?

the monthly payment is not burdening even with the 5%, but just wondering am i gonna like waste paying on interest, my relatives were was like advising me to proceed with the 5% mortgage as they think property price won't go down anytime

the property is a new development, as so they had public bank and Maybank as the choice. PB is worse they said without a joint they dont want to offer.

anyone can say that la, give some reasons pls

as such these kind of open purchase opportune, how would you expect the property price to fall?

For own stay along with parents.

Nice, yep I am giving a thought as well, might need to work on my credit score by probably getting a credit card and paying them off all on time. Then probably get the property. Just that worried as a year pass by might see a hike in the price and finding a suitable and liking property in future.

But my case is other way around. I'm buying myself on my name.