Loan 350k
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 loan 452k including MLTA (21k, full refund upon early settlement), now condo still under construction, so got progressive interest.

already start paying full loan amount since March, the first month of interest. 1.8k principal, 200-250 interest every month. hnggg, still got another 3 years until the construction is done, dont know how much interest will be save till then, but quite a lot. ady repaid 14175.23 of my principal

Sejujurnya...regrett join gov..gaji ciput, yearly bonus germ size

Bayangkan those beli RM2mil rumah.

RM2,000,000 x 0.045 / 365 x 30 = Monthly interesting RM7,400

Sakit ooo

They use fama's money?

yes i know, maintenance fee 200, and reno

but at least reduce quite an amount of interest in long run for the loan. paying 90% of the monthly installment to capital for the 1st yr quite syok

Idk, you tell me since you gave the impression as if people don't use own money and name to buy RM2m houses.

i sekaligus taruh 160k into the semi-flexi account for a principal of 430k

Company money still own money ma.

Every month bayar RM7,400 interest wo, sure sakit.

RM7,400 can hire two staff to expand business empire

This is the problem when school don't teach you financial management and loan calculation.

Those doctors and proffessionals, takkan all of them buy using company money? I wonder how you come to the conclusion people don't use own money and name to buy RM2mln properties. It's not that expensive for these people.

300,010. left rm10 there to enjoy free overdraft facility 

Progressive drawdown disbursed mean loan released for the stage completion. Example if spa 600k. Completion of stage 2a piling (10%-60k) stage 2b structure (15%-90k) and so on.

For highrise, these 2 stages will incur longest/most cummulative u/c progressive interest till VP. Therefore work towards to zerorize 2a&2b in the coming 36 months, the sooner the better prior to VP.

If u loan me 350k, after 35 years total i pay to you is 700k, will u approve?

No wrong on your part. One to its own.

Leveraging on mortgage is all about finance cost. Financing cost = high/low interest incurred over the time horizon.

Life insurance also incurred finance cost, cost of insurance.
That said, mrta redemption works wonder (lagi berbaloi) lol

No wrong on your part. One to its own.

Leveraging on mortgage is all about finance cost. Financing cost = high/low interest incurred over the time horizon.

Life insurance also incurred finance cost, cost of insurance.
That said, mrta redemption works wonder (lagi berbaloi) lol

i see, well unless I work some good side job, I dont really have much cash to dump into flexi loan. only annual bonus and 12 month salary to dump into it annually, around 10K annually.

I also not keen on using EPF either since EPF higher interest.

unker always advise younger kolik upon their asking, stop focusing on how much you want to spend on renovate your house nicer, instead focus how to cut down on unnecessary renovation and increase your down payment or how to grow income with those.

All those young kids rileks je spending more then 100k cash on this sort of things.

In the end, you a grown adult, your own money, no need other people to tell you how to spend them.

unfortunately lots of young couples spends overboard for their reno claiming its their dream house/once a lifetime/ do now if not later bekum expensive

unfortunately lots of young couples spends overboard for their reno claiming its their dream house/once a lifetime/ do now if not later bekum expensive