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 Latest mortgage rate for housing loan packages, All Mortgagers are welcomed to post...

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tgrrr
post Jul 11 2009, 11:11 AM

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From: Penang
QUOTE(yssee85 @ Jul 10 2009, 04:10 PM)
And exp, Wangsa metroview, Valuer will only give a valuation of RM 245k, but people will only sell it for RM 300k -RM 310k.
These case gave me a big headache. rclxub.gif
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Wow are you sure Metroview is selling for so high? Sounds a bit unrealistic but I haven't been keeping myself updated.



QUOTE(onnying88 @ Jul 10 2009, 09:42 PM)
I think for condo, it's using overall project progress to determine the project % builded and request release money from the bank.
For example,
Upon sign S&P, charge 10%
Upon completed the all foundation, all will be charge for 20%
Upon Finished all the main backbone structure, another 30%
Upon finish all the walls,facilities, and remaining, another 40%
So total 100%

So no different for top or bottom floor. This is what i think of. smile.gif

Anyone who know the comfirm answer, please let us know too.
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No that's not right.
For foundation and piling stuffs that's "common" to everyone, those will be charged to all purchasers.
However for the walls, and stuff related to individual units, you'll only be billed right after they build it. They certainly won't wait till the finish building everyone's wall before they start billing you.
That's from a first hand experience btw.
Oh and that's why those package with very low interest only on first few years are misleading.


Added on July 11, 2009, 11:12 am
QUOTE(Invinsible-Pp @ Jul 11 2009, 01:29 AM)
» Click to show Spoiler - click again to hide... «
What's the maximum loan margin for this package?

This post has been edited by tgrrr: Jul 11 2009, 11:12 AM

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