Feb 28 2009, 10:45 PM
QUOTE(livingmonolith @ Feb 28 2009, 04:46 PM)
i didn't go through all the packages available for all new developments, but so far i've seen BLR-2.15% whole tenure. well, perhaps i'm a bit too greedy myself. 
but personally for me, if the packages are signed up now the monthly installment is a kinda deceiving, although BLR will soon be going further down in the coming week. when the BLR goes back up in the near future, some will be crying foul when they find out that they need to pay higher than what they initially assumed.
packages with average interest rates around 3.8-4% now looks very tempting though.
If BLR goes up they still pay the installment as per letter offer.but personally for me, if the packages are signed up now the monthly installment is a kinda deceiving, although BLR will soon be going further down in the coming week. when the BLR goes back up in the near future, some will be crying foul when they find out that they need to pay higher than what they initially assumed.
packages with average interest rates around 3.8-4% now looks very tempting though.
Its only the tenure that needs to be adjusted, depending on the percentile of changes.
I did some study on the Mortgage Loans in Malaysia. Based on Letter Offers dated back to year 2004, seems like the average interest rate for residence property is at 6-7%.
Bank determined (or at least they tried to) the Spread Rate / Prescribe Rate according to BLR, and i have an average spread of 6-7% for the pass 5 years based on the old cases i have on hand for reference.
Anyone has details of Bank's spread rate dated back to the millennium? I would love to study them if i could.
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