Scenario 2 is highly unrealistic as it will be not a 0.5 % diff after 2 cut, a more realistic diff should be around 0.1%
BNM Cut Rate Again But Not Benefit For New Loan, BNM Cut Rate Again But Not Benefit For N
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 Mar 4 2020, 10:49 AM
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Mar 5 2020, 11:04 AM
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QUOTE(DisneyHome @ Mar 5 2020, 07:42 AM) The for funny things is if I purchase new property, at least need to wait 3 years for completion & vacant possession if you still getting 4.25% interest today... then you better go do some homework and get a better deal so you won't get a that bad of a hit compare to those who got it before the 0.5% drop. Be a smart consumer and not get shortchange by the OPR drop.During construction period, I only serving interest charged by progressively completion of each stage Even though, might be, this 2 or 3 years I can willing bear the risk of interest cost by 4.25% (subject to no changes on this 3 years) because still serving interest cost from small ticket of interest charged to gradually increase until VP Unfortunately after I got my home key, going to start instalment, BNM going to start normalising OPR, so my instalment also gradually increased & monthly interest charged also increased  Don't forget right now supply more than demand market situation, if I want to rent out to cover my cost, rental market become more & more competitive   |
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