Hi, planning to get a rumahwip but I want to pay as little to no interest rate as possible, house will take 4 years to build as it's a new project.

Let's say the scenario is I have the entire cash value parked in FD now of 300k, how do I maximize both semi flexi or full flexi so that I don't pay any interest at all?

Whats the best strategy as I usually parked to FD lately for investments as so far none of my previous investments (eg. unit trusts in FSMone) gave me much return to begin in.

Undercon period if you put $$ into the flexi account, the $$ cannot be withdrawn until the loan amount is full drawn down. This is true for RHB.

If I were you, so cash rich can cash buy, I would buy subsale project, why bother with rumawip?

Subsale benefit.. you can see how well the project is managed, can see who is your neighbor, and the vibes of the place. Not to mention can move in almost immediately.

Thanks! This makes me rethink abit, cheers👍🏻

what's the rate?
fd vs mortgage

and you do know one is flat and another is effective rate rite?

This post has been edited by sunami: Jan 2 2025, 08:32 AM

if u have 300k cash savings, u need to rethinnk about ur purpose of buying a rumahwip. Whether u truly need it, or if ur strategy n if u wanna ownstay that it fits your lifestyle

also housing loan is so so so low

u can buy with full flexi loan, the cash now u invest first

then later u can pump into the prinicpal to offset the interest and finish paying the housing loan within a few years

rumahwhip has free MOT/Loan agreement fees? if no, then why not you buy in cash then can save these cost

FD from HLB right now is about 3.85% for 9 months, vs the mortgage I would be expecting to get at best would be 3.95% from RHB / MBB

Can share with me what you mean by flat and EIR in this case?

you can use this calculator to convert it
https://loanstreet.com.my/calculator/flat-t...rest-calculator

btw..you can google about flat rate vs effective rate

It's for own stay, currently renting a master room around 850 a month, parking rm160, bills around rn150-200 usually.

Yes I was thinking what other investments right now that can outperform FD? I can't seem to get good returns yet from FSMone unit trusts...hence I was thinking to just park all the cash into the full flexi account to perhaps get 0% interest?

Yes as for first time home buyer what agent told me still can get fee waiver for MOT but not the loan agreement fees

i assume u are working 9 to 5, with a fixed income and work few years to save up 300k?

if so u can just park lets say 50% later into full flexi to knock the principal

remaining put into epf

peace of mind

Very helpful..Tq!

Yes working 9-5 in pharma sales, fixed + incentives, already have 300k set aside in FD atm so I'm wondering what's the best way to reduce interest rate to effectively nil since I can afford the full payment now.

Remaining put into epf makes sense too, but I can't withdraw until I'm 55 right?

Yes other thing I was thinking if I pay cash instead...but I heard that if you pay full cash LHDN would come knocking on my door? As quite abnormal for someone to pay full cash although they could

yes tats the drawback of epf but u will be safe for old age retirement

depends on ur risk appetide

and the amount in full flexi u also can withdraw in the event of any emergency u need the cash

so u offset the interest n also u have big amount for emergency fund

i think tats quite good too

at least u sleep peacefully at night even if World economy crash

First off, i would suggest you go YouTube and watch the local MY property reviews etc. it is information for you. You need more exposure, more information.

Second, as I've suggested, subsale makes more sense if your intention is for own stay due to reasons above.

Third, I would suggest dual key units, that way you can stay in the studio, or rent the studio out, thus subsidizing your instalments.

Forth, get a unit next to LRT/MRT, that way you can save on transit cost if you take the train, and it is also easier to rent out.

DO NOT put the cash into EPF, as you cannot take it out. Taking maximum loan for your housing under full flexi, and dumping that cash into the loan account makes the most sense. So that you remain highly liquid.

Remember, cash is king. Cash = liquid. If the money isn't liquid, you're as good as not having it.

if still entitle rumahvip, get it dont wait.
after your salary surpass the range then you not entitle anymore.

any strategy will work for you la, it depend what offer you get from various bank with different rate and package.

put some in fd, some in flexi, some in stock market that one decide later, go apply for the rumahvip dulu.

Thanks bro! When you say maximum loan, meaning the loan margin or the tenure?

Was contemplating to get ~ 500k subsale vs continuing rent the room for the 4 years and paying for instalment for rumahwip too, as both combined my monthly is still about 2.7k roughly

Very close to the end of the range soon, I was thinking about this too, thinking if I get rumahwip is there a way to reduce the progressive interest as much as possible?

i think we can stop thinking about the idea of "reduce interest as much as possible", bank also need earn money punya.. if you put max max how bank earn money from you?

conventional, semi flex, full flex you apply all of it, then you choose which ever the best suitable offer come to you.

most important now is get the rumahvip 1st