Jan 9 2008, 11:18 AM
QUOTE(patrickyeo21 @ Jan 6 2008, 10:40 PM)
gen-x, thanks for your advice, I guess it's better for me to consult them to get more info. Getting a home need a very huge $$$ .. haiz, until tua also cant get ...
Dun worry house can get just spend wisely and save in addition you can now withdraw your EPF account 2 on a monthly basis to help settle your home loan. Personally IMHO its better to get a house at a yourger age if you can afford it.
You can take a longer loan tenure 30 years which would help to reduce your monthly repayments and lessen your monthly financial burden.
Example:-
30 years
RM200k house - 10%downpayment @ 5.99% interest = RM1200 monthly repayment
20 years
RM200k house - 10%downpayment @ 5.99% interest = RM1450 monthly repayment
BTW where do you plan on settling down?
QUOTE(tinkerbel @ Jan 7 2008, 02:00 AM)
@patrickyeo21,
There are plenty forumers here who's got houses/properties even before they reach the age 30 so what u said is really not entirely true.
As to taking a loan together with ur gf... well, i don't think that's too advisable - there's just too much hassle when the both of u break off. In fact, don't even think about sharing a house until u both are really married!
The issues can be overwhelming.
patrickyeo21 I agree with what tinkerbel says most forumers do get their properties fairly yound.There are plenty forumers here who's got houses/properties even before they reach the age 30 so what u said is really not entirely true.
As to taking a loan together with ur gf... well, i don't think that's too advisable - there's just too much hassle when the both of u break off. In fact, don't even think about sharing a house until u both are really married!
The issues can be overwhelming.Check out the poll HERE and please vote too while you're there.
I also agree that purchasing a home with your GF might not be a good idea
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