apart of downpayment and all those legal and admin fee, you will need a fix repayment every month until you have paid what you have borrowed.

lets say you get a mortgage of rm200k, and repayment period is for 15-20 years, you will need to pay approx. rm1.7k every month. that means, you will need extra rm1.7k from your salary just for the repayment, and failure to pay that amount of money monthly will cause your house to be repossessed.

This post has been edited by youngkies: Jan 6 2008, 07:41 AM

the repayment for rm200k loan over 20 year period, including interest is about rm1.7k permonth. the total repayment is about rm400k if you take 20 years to repay.