Obviously... House never loses, no matter the outcome.

Edit: Run the numbers and see if you'll benefit from reapplying.

This post has been edited by voncrane: May 2 2018, 12:25 PM

Oops, my bad.. Given the recent hike.. I read that as Feb 2018. Apologies!

This post has been edited by voncrane: May 2 2018, 12:26 PM

Yes you will begin paying higher again. Which is why I asked you to do the maths and see if the difference is worthwhile or not. Cuz if you leave as is, the flow isn't interrupted and each year, profits higher and principal lower. My 2 sen remains that you crunch the numbers.

Bruh, while I understand why.. As a financial advisor, you shouldn't be making wide sweeping statements such as don't worry about interest being paid or assume that the fund will keep returning higher profits. 30 years is a long time and no real investment units can guarantee such. In the beginning, it began with double digits and now, they have to be creative to make it appear as 8%. There are real risks involved, good thing is the funds allows one to pull out and principal returned. You might want to highlight that instead. Just my 2 sen.

This post has been edited by voncrane: May 6 2018, 03:52 PM

Oh, it'll hit you once you have learnt enough not to ask such a question in the first place..

Haha... Happy holidays..

Nah bro, he was clarifying that agents do not get such an amount.. But as you mentioned earlier about possible returns.

LOL wut... Nice try. Now redo the calculations with the exact same 100k for both terms.

Ah I see.. Didn't see the edited part.. Makes better sense then...

Sure can. Well, except of course if age:commitment ratio is a factor for monthly payments..

Need to terminate and reapply.. Can go to same bank or see agents in here.. They can assist.

TLDR: If one plans to terminate and reapply. Simultaneously apply and terminate close to the beginning of any month (promo dependent) to lock in specific rate (BLR rates dependent).. Process will take up till 2 months. If done right. One only loses 1 month dividends or max 2 months.. Life goes on.. Correct me if wrong.

Awesome... head almost after reading the exchanges contained in the last 2 pages..

No lah., England was good.. Just that for awhile, it was like watching a fast game of ping pong from the sides..

I thought ASB2 financing or topup isn't available at the moment.. Or just released?

Oh I see.. Thanks

Say for 200k, what's the monthly payments with and without Takaful? MBB 4.9%

Also if CIMB, no Takaful.. How much per month?

I see.. I understand it's not much.. However even an additional measly RM50 per month for 360 months quickly adds up. If you can share the amount, please do.. Else, i understand. I'm seeking to find out how much extra takaful is added to the 200K for full 30 years and how much per month. Also, roughly how many years is the "first few years only principal deducted"?

Hmmm.. I too was informed recently by Maybank that paying in additional money does reduce principal.. Except unlike some flexi housing loans, this extra payment cannot be withdrawn in similar fashion.. So once extra in, extra in.. Perhaps, its a MBB only thing? Other agents here may clarify.. Thanks.

Edit: Can = Cannot.. Keyboard auto-correct blunder

This post has been edited by voncrane: Jul 1 2018, 09:38 PM