hello guys, just need some help on the calculation.. let say


1-3 yrs = 4.4%
Thereafter = BLR - 2.1%
Lock up period is 3yrs
Max. margin is 90% + 5% (MRTA)
Property price = RM500k



Here are my questions.

1. MRTA for 100% coverage on 450k is RM15k per person. if the loan is taken by 2 person and i want to both to have 100% coverage, then the MRTA is RM15k x 2 = RM30k. Am i correct on this? is it advisable to have 100% on both parties?

2. base on the above figures on the max margin. Max margin 5% (MRTA) refers to 30k x 5% = RM1.5k(this is the max amount u can add to your housing loan)? or i can actually ad the whole lump sum 30k to the 410k ending up 440k as the full loan figure?