SB consultant?

Show me how a new loan (ie BLR - 2%) interests can be higher than the old loan (ie. BLR + 1%) in a term loan with a same balance outstanding, let say 30 years tenure.. ?

The only "chance" is perhaps not paying the same repayment amount, plus becoz the new loan has a peak(highest interests charge) during the initial period of x years.. But in overall, you will save hell of an interests go for refinancing (of course if it is viable looking at your old loan %!)

This post has been edited by numbertwo: May 15 2009, 12:35 PM

If i am operating a business of banking, i would offer FREE ADVICE only when it helps to sell my products.

Logically, there is a cost for everything, whether you believe or not =)



"IN THE WORLD OF UNIVERSAL DECEIT, TELLING THE RIGHT THING BECOME A REVOLUTIONARY ACT"
Consultant
Alan

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Added on May 15, 2009, 12:34 pmI need to have full info before I can advise on anything.

Your old letter offer and monthly repayment now and etc.

Beware, amortization could be wrong sometimes=)


Alan

This post has been edited by alan8181: May 15 2009, 12:34 PM

just added/edited my post , sorry:

i was saying :
The only "chance" is perhaps not paying the same repayment amount, plus becoz the new loan has a peak(highest interests charge) during the initial period of x years.. But in overall, you will save hell of an interests if one goes for refinancing (of course if it is viable looking at your old loan %!)

This post has been edited by numbertwo: May 15 2009, 12:37 PM

I am not selling SUPEX product but i went thru their SUPEX training just to obtain more info and find out the truth.

Real case study really put me into great shocked during in that training.

I won't reveal to 3rd party too coz it's risky and it against BAFIA Act too. but i know sth where your can't see it without going to SUPEX training. Anyway, you won't be as knowledgable as i am to pay RM7-8k just to learn sth, will you?

Real war between all financial institutions and SUPEX are intense. I just believe in truth always prevail.

I can't believe what I see.

I am a just a mortgage consultant with legal background to advise people get the best loan from almost any banks and help ppl to save money in variety ways. I just hate ppl without ethical. I am person with mission to help ppl to save money wherever possible.


"IN THE WORLD OF UNIVERSAL DECEIT, TELLING THE RIGHT THING BECOME A REVOLUTIONARY ACT"
Consultant
Alan

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Added on May 15, 2009, 12:41 pmYeah. u may be right.

It depends. If the interest is too far off comparatively between new loan and existing loan. Of course, re-financing is one of the good option to apply to save cost. But there are still many other ways to do it which is even more effective.


=)
Alan

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Added on May 15, 2009, 12:44 pmEven if i am mortgage consultant to help ppl get the best package for loan. I don't charge them.

They are talking about the SUPEX where they may help ppl to save on MORTGAGE INTEREST which is not that easily be done by ordinary ppl or bank officers.

If so simple can do it with the bank, i think the SUPEX is stupid to have introduced this business and i wonder why and how he may survive for more than 10years of operation in Malaysia.


"IN THE WORLD OF THE UNIVERSAL DECEIT, TELLING THE TRUTH MAY BECOME REVOLUTIONARY ACT"
Mortgage Consultant
Alan

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Added on May 15, 2009, 12:47 pmIf you think they are really a con men, please to lodge a report or official complaint to Bank Negara.

And wondering why they can survive for more than 10 years of operation and being awarded the top CEO award by the Business Global Magazine and being interviewd by the NANYANG SAN PAU for mortgage reduction and so many magazines have info about them.


"IN THE WORLD OF THE UNIVERSAL DECEIT, TELLING THE TRUTH MAY BECOME REVOLUTIONARY ACT"
Mortgage Consultant
Alan

This post has been edited by alan8181: May 15 2009, 12:47 PM

Alan,
I think you have half a point right which I agree, that is , ways of reduction of interests paid is not documented anyway, so general public will never understand how it can be done. Simple ie. Prepayment, many thought that by paying prepayment it would save them intersts... but not many knows that bank actually park your prepayment, or so called advanced payment somewhere else without doing any saving for your loan account.. There are just many tricks in this loan thingy whereby normal folks will not know... But these tricks are not worth a few K to pay to supex for sure IMO!

Thanks bro.

There is not free lunch.

If that's so simple, again, SUPEX is stupid to have introduced this business and i wonder why and how he may survive for more than 10years of operation in Malaysia.

There are things appear right but it's not right, there are things appear wrong but it may appear right.

It's hardest concept to tell, unless you yrself been thru the training to see what they say.

Prepayment by the bank is just on total principal reduction (save little interest only but not as much) as apposed to The real "prepayment" within the meaning of true Mortgage Reduction? You got me? I think got a famous book on this mortgage matter by foreign author. I forgot the authur, i will let u know.

Sometimes i think i am very smart too but caught up too with advance tricks setup by the financial institutions. Hey think again, so many great think-tank at the back in support of them.

Without in-depth study research, we won't find out, i respect the CEO of SUPEX coz i personally know him of his integrity and his relentless to show his efforts in revealing the daring truth.


"IN THE WORLD OF THE UNIVERSAL DECEIT, TELLING THE TRUTH MAY BECOME REVOLUTIONARY ACT"
Mortgage Consultant
Alan

Some facts :

1. Banks and SUPEX both exist to make $$$. Banks r necessary evil but SUPEX IMO is a unnecessary evil.

2. On average, banks makes lesser money than SUPEX does over 1 years period, especially those who have plenty of customers taking their FULL FLEXI mortgages (Anyone who have worked in a bank's product development team will know this).

3. SUPEX is useful and will add value ONLY to those without basic financial knowledge. Any investors worth their salt thinks SUPEX is a rip-off for charging ppl so much for knowledge that is available for free over the net.

4. SUPEX did not start their motgage reduction program since 10 years ago. It was less than 5 years old(only heard of SUPEX after Stanchart's M1 become famous). They were doing other business prior to mortgage reduction business.

5. Few of my frens went to see David (SUPEX CEO) after SUPEX claimed that Stanchart's M1 was a bull. After 20 min, they were asked to leave as David failed to answer some of the queries and insists that they PAY few hundred dollars first.

So in summary :

- SUPEX is not lying. They do tell the truth and they just took advantage as they r many idiots out there refuse to learn the basics of finance. And these r the same guys who will think SUPEX is a genius ;p

- SUPEX solutions, will not be relevant AT ALL for those with no surpluss cash. So if u barely have surpluss cash, dont bother see them.

- Only see them when u have too much $$$ to burn and just too lazy to dig the answers yourslef.

This post has been edited by Pai: May 15 2009, 04:04 PM

I have know some forumers regretted using supex for their home mortgage.

I haven't got to know (never will) a successful real estate investor uses Supex. So please don't just come here and brag about it.

"IN THE WORLD OF UNIVERSAL DECEIT, TELLING THE RIGHT THING BECOME A REVOLUTIONARY ACT"

I throw this quote back to your face and I dare you to provide your numbers to prove you are able to reduce interest.
If you can't, forumers here can judge on you!

GOSH!....you do realise that you're repeating yourself over and over again as a sales person. (am so tempted to nuked all your post because of that)

Do not use this comment:
'They are talking about the SUPEX where they may help ppl to save on MORTGAGE INTEREST which is not that easily be done by ordinary ppl or bank officers."

The matter of fact is only the lazyness in one's attitude.
Everyone can do it if they are determined. DO not give the bullshit that only "professionals" can advice.

Tell me what's the difference in doing the initiative ourselves against paying one to do it. Even for these "consultants" they still need to read, research and study; so what's the difference for common ppl to do that? Like I mentioned, it's only between lazy vs one which is determined.

Can somebody just blacklist this sham of a company?

I'm seriously wondering why BNM has not taken any action against these bunch of people who prey on naive people. I know that there are one or 2 banks out there that are positioning for a formal complaint to BNM soon. I hope this happens fast!

Or maybe naive & lazy people should be taken advantage of? hmnnn.

The problem with these people is they lack the financial education.
Even our local chinese newspaper have Supex article.
That is how naive they really are.

It's really fun to poke at their stupidity but having known friends whom fall to this is no joke at all.

It is a joke. The Joke's on them.

As the old saying goes ----> "there's a sucker born, every second"


anyway, BNM cant do anything to these guys as they are not lying or doing anything illegal(so it seems). SUPEX IMO is like a sex school that charges thousands to participants on "how to do intercourse right" when you can just pay RM5 for a porn vcd and LIY

Not necessarily lah, boss.

If Supex is going around saying that flexi loans like M1 is a sham - like what u yourself mentioned - isn't that misleading to the poor lil misguided customer? That's deceptive conduct, and hence why banks will be pissed....

There are many ways to skin a cat.

This post has been edited by Phoeni_142: May 17 2009, 12:24 AM

Concur with bOOn, besides in your excel there is amortisation calculation for your own usage.. dont need to purchase a financial calculator.

Why let people charges you when you can just check it yourself.

You dont need PHD/Masters to find out.

part of SUPEX seminar says stuff like

'prepayment made to loan are being park at somewhere near the end of loan tenure, thus not helping in reducing the interests'

Is above true?
Got a friend who attended the seminar and came back crying bout this... show me tons of drawing and charts. I was working as a mortgage agent that time.

I asked the black and white (proof) of above statement and his answer is 'show me proof that it is not being parked at the end of tenure'

I was like WTF...

There's a difference between PREPAYMENT and ADVANCE PAYMENT.
Take for eg your loan is RM1350 per month. If you pay RM1400, the RM50 extra doesn't contribute to anything and is taken as advance payment. So basically the next month; you'll only need to pay RM1300.

For prepayment, one needs to write in to the bank to notify that one is going to make a sum payment of XXX money for principle deduction, else the EXTRA money paid is only treated as ADVANCE payment. SUPEX is really nailing on this as their core business - marketing. So like I mentioned, why rely on SUPEX when one can do themselves when they do their own research?

And yes, this is only applicable for conventional loan.

I think I mentioned before, i.e. if all the banks matured and used flexi loan facility; SUPEX would be out of business where their only core business had been addressed by the banks. What they can do now is "help" analyse which banks have the best interest package which again, with little bit of additional effort, everyone can do their own maths.

Although I never heard it for myself, what I heard is they are talking about the cons of flexi loan by saying the banks are not entirely being transparent and interest saves is not there because money is being parked into suspense/sundry accounts. But than again, would the bank risk their their reputation and license when they are doing mass market business where maths is just formula and logic and everyone can learn up by their own.

And here is the interesting part:
If the bank is not transparent or ethical, why would anyone in their right mind get a loan from the bank again after heeding Supex plan?

Well, the argument of paying why paying Bank interest for a loan :

1. The large amount of purchase would require a long time savings eg. 30 years and by then the house value would had increased.
2. Bank is taking a risk on people to pay back, you would not give out loans to stranger and expect them to pay.

It is a business transactions, there is a supply and there is a demand.

When the credit dried up, then... nobody can forward purchase anything !!

got many naive people using their service...and charged $$$ upfront...while the savings can only be seen many years
later .....

actually...u don't to pay them.... if you want savings...just approach any banks...asked about their refinancing package..
and the lowest rates...package... and i am sure Bankers are more than willing to do your biz...

BTW, BNM implemented the PDS (public disclosure sheet)...to make it clear to the public the BAnk's charges..& fees, instalment
calculations, etc before they sign the Letter of Offer from banks...

there are a new group similar company like Supex called AsECUbE in Bandar puteri puchong...

http://www.acescubebas.com/contact_us.html

from my friends info...u got to pay RM3K to attend their seminar...then u become their agent...and if you get
one member... you will get RM500.... operated like MLM biz...

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Added on April 26, 2010, 9:43 pmfrom

http://www.acescubebas.com/FAQ.html

looks like they operate differently than Supex... is called BLR management..... pretty interesting....
any financial sifu can help enlighten


What is SIM50?
SIM50 provides 99% accuracy on the ledger, with the objective to slash 50% mortgage loan interest and shorten mortgage loan tenure by 50% regardless your current or future property loan. Ultimately, it protects you from the dramatic fluctuation of the BLR with the help of the ledger that is provided. It is not refinance, restructure or any similar service by lender institutions.

What is the uniqueness of SIM50?
Acescube (M) Sdn Bhd is the pioneer company to provide 99% accuracy mortgage loan ledger with BLR management in Malaysia.

Why BLR management is essential?
Without BLR management any prepayment done previously or in the future could be compounded to interest due to BLR fluctuation, default rate, late payment or insufficient payment.(Etc: lump sum, extra prepayment or monthly repayment.) Hence, improper BLR Management would result to loan tenure extension and with increase of interest.

How do I know my SIM Ledger is on track?
By checking your current outstanding balance, you are rest assure of our service accuracy together with your mortgage maturity. The objective of SIM Ledger is to avoid extra interest or tenure that is payable.

How do I know if my loan qualifies for this service?
You can obtain advice from our Business Advisory Officer whereby they could assist you to understand your current loan situation.

What is the difference between Mortgage Reduction and BLR Management?
Any other private companies that provide Mortgage Reduction may not guarantee accuracy due to BLR fluctuation and may result to an extension of your loan tenure and interest. BLR management on the other hand guarantees the result despite BLR fluctuation.

Why 99% accuracy is required?
Saving on tenure and interest payable is assured even with BLR fluctuation. SIM50 provides lowest prepayment capability and marginal payment for marginal saving. Any extra amount is not advisable.

What are to consequences without SIM50 or BLR Management?
It would result to never ending loan payment in which it would extend more to what you signed for, paying more interest of what you are supposed to and using up unnecessary cash for early settlement.

How secure is the service that is provided?
All service rendered comes together with a legal document. Therefore, you could be rest assured that what has been conveyed to you would be guaranteed legally.



This post has been edited by HW-Racer: Apr 26 2010, 09:43 PM