Housing loan is scary
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 Oct 10 2023, 10:17 AM
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Senior Member
4,954 posts Joined: Jul 2010  
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QUOTE(moiskyrie @ Oct 10 2023, 10:09 AM) Unker also count unker House loan... Impossible unless got prawn behind rock.Loan 300, after finish 30 year... Pay around 1 million.... Don't know how...  Even average 8% interest rate for this loan pun won't need to pay so much.  |
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Oct 10 2023, 10:17 AM
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Junior Member
661 posts Joined: Jan 2005 From: Legio Titanicus
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Rent for life then.
Nobody owes you a living. |
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Oct 10 2023, 10:19 AM
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Senior Member
4,954 posts Joined: Jul 2010
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QUOTE(ameliorate @ Oct 10 2023, 10:14 AM) The banks are very sneaky. You pay more interest than principal the first 1/3 of the loan duration and then slowly reduce. That's why first 10 years your principal don't reduce much. Takkan you expect them to cough up hundreds of thousands at risk of you not paying, only to earn peanuts when you sell?They know majority investors will sell off property within this period so they already earn enough from your interest. That's how banks are legal loan sharks. |
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Oct 10 2023, 10:19 AM
Show posts by this member only | IPv6 | Post
#64
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Junior Member
218 posts Joined: Sep 2015
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QUOTE(froggyx @ Oct 10 2023, 10:48 AM) Thats why unker buy 4 acres of land with pertanian status.........when cheap only cost 360k.....build house with 5 rooms 20X25 02 halls 30X25..02 parking garage....3 porch..... But tanah status pertanian right all without the hassle of approval from local counsil because of the status of the land..........and best of all it only cost me 160k..... If you sell the house also under status pertanian? Not legit for residential development |
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Oct 10 2023, 10:25 AM
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Junior Member
483 posts Joined: Jan 2010
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lucky you... so little loan.
my loan last time 300k, now like multiple the loan amount, refinance and refinance.... |
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Oct 10 2023, 10:31 AM
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#66
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Senior Member
1,187 posts Joined: Nov 2006
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so u flush before shit is it
sudah sign agreement baru nak check bingai |
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Oct 10 2023, 10:33 AM
Show posts by this member only | IPv6 | Post
#67
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Junior Member
221 posts Joined: Jan 2019 From: Earth
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If got extra buy bank shares.
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Oct 10 2023, 10:35 AM
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Junior Member
194 posts Joined: Sep 2010
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QUOTE(robotking123 @ Oct 10 2023, 09:28 AM) Loan 350k This I agree. Gov should do something. Today outstanding: 320k Already served 6 years plus, 1500 monthly 6 x 12 x 1500 = 108k 108k - 30k = 78k Bank already earned 78k interest from me, bloody hell Gov should do sthg, how can house loan be so expensive... This will free up a huge sum for people's spending and in many ways will spur the economy also in the end. |
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Oct 10 2023, 10:36 AM
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Senior Member
2,096 posts Joined: Oct 2007
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Sometimes i don't understand those "buy properties for investment".
mostly making lost anyways. Property appreciation is practically none now. |
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Oct 10 2023, 10:38 AM
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Junior Member
140 posts Joined: Jul 2007 From: Puchong
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Bank is legal ah long
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Oct 10 2023, 10:39 AM
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Junior Member
101 posts Joined: May 2008
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TS speaking like only today he discovered gravity
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Oct 10 2023, 10:40 AM
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Junior Member
101 posts Joined: May 2008
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QUOTE(cmk96 @ Oct 10 2023, 10:36 AM) Sometimes i don't understand those "buy properties for investment". alot of them are banging for capital gainmostly making lost anyways. Property appreciation is practically none now. for example, a house priced at rm 300k, so they are "hoping" can sell it at 500k or higher in future time |
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Oct 10 2023, 10:40 AM
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Junior Member
87 posts Joined: Aug 2009
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suka suka apply and sign document without doing enough homework
padan muka ts |
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Oct 10 2023, 10:41 AM
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Junior Member
54 posts Joined: Nov 2021
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QUOTE(robotking123 @ Oct 10 2023, 09:28 AM) Loan 350k Bank also give high interest for FD. If not bank makan apa?Today outstanding: 320k Already served 6 years plus, 1500 monthly 6 x 12 x 1500 = 108k 108k - 30k = 78k Bank already earned 78k interest from me, bloody hell Gov should do sthg, how can house loan be so expensive... OPR still very low. Lucky already |
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Oct 10 2023, 10:43 AM
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Senior Member
1,119 posts Joined: Jun 2007
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im pretty sure there are some extra park in advance payment...did you check your statement to confirm that?
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Oct 10 2023, 10:44 AM
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#76
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Senior Member
3,217 posts Joined: Dec 2006 From: City of Neko~~Nyaa~
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QUOTE(pisces88 @ Oct 10 2023, 10:13 AM) kena scam on rates? typically its double only. loan 300k, pay around 600k Don't know,See dashboard show still own bank almost 1.1 million... Already pay for 7 years.... QUOTE(SixteenNine @ Oct 10 2023, 10:15 AM) BNM is play safe. US already stop interest hike and aiming for reduce interest rate next year. While Malaysia remains as pre-covid era at 3% OPR. Interest pre covid, but the amount need to pay more that pre covid......If interest naik also maybe max to 4% QUOTE(mushigen @ Oct 10 2023, 10:17 AM) Impossible unless got prawn behind rock. Don't know...Even average 8% interest rate for this loan pun won't need to pay so much. Bank dashboard show I still own 1.1 million.... Borrow 300k... Pay 7 years already..... |
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Oct 10 2023, 10:44 AM
Show posts by this member only | IPv6 | Post
#77
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Junior Member
265 posts Joined: Jan 2013
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well...someone's gotta earn...
and the idea is ...not you. |
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Oct 10 2023, 10:45 AM
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Junior Member
752 posts Joined: Jun 2012
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U no money buy house, who borrow you money..??
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Oct 10 2023, 10:45 AM
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Moderator
6,181 posts Joined: Oct 2004 
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QUOTE(robotking123 @ Oct 10 2023, 09:28 AM) Loan 350k for house loan, banks will always use your installment for interest first.Today outstanding: 320k Already served 6 years plus, 1500 monthly 6 x 12 x 1500 = 108k 108k - 30k = 78k Bank already earned 78k interest from me, bloody hell Gov should do sthg, how can house loan be so expensive... my mbb house loan pay for 10 years, principal also reduce little bit only. |
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Oct 10 2023, 10:51 AM
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Senior Member
4,954 posts Joined: Jul 2010
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QUOTE(moiskyrie @ Oct 10 2023, 10:44 AM) Don't know, Islamic loan? I was told Islamic loan displays different amount of balance compared to conventional but not sure how much difference.See dashboard show still own bank almost 1.1 million... Already pay for 7 years.... Interest pre covid, but the amount need to pay more that pre covid...... Don't know... Bank dashboard show I still own 1.1 million.... Borrow 300k... Pay 7 years already..... |
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