As per topic, can you settle the monthly repayment if BLR increase to 12%?

Example 1
Property price = RM 100k
Loan amount = RM 90k (Borrow 90% out of the property price)
Years Tenure = 30 years
If BLR = 6.75%, the monthly repayment is RM 583.74
If BLR = 12%, the monthly repayment is RM 925.75

Example 2
Property price = RM 200k
Loan amount = RM 180k (Borrow 90% out of the property price)
Years Tenure = 30 years
If BLR = 6.75%, the monthly repayment is RM 1,167.48
If BLR = 12%, the monthly repayment is RM 1,851.50

Example 3
Property price = RM 300k
Loan amount = RM 270k (Borrow 90% out of the property price)
Years Tenure = 30 years
If BLR = 6.75%, the monthly repayment is RM 1,751.21
If BLR = 12%, the monthly repayment is RM 2,777.25

Example 4
Property price = RM 400k
Loan amount = RM 360k (Borrow 90% out of the property price)
Years Tenure = 30 years
If BLR = 6.75%, the monthly repayment is RM 2,334.95
If BLR = 12%, the monthly repayment is RM 3,703.01

Example 5
Property price = RM 500k
Loan amount = RM 450k (Borrow 90% out of the property price)
Years Tenure = 30 years
If BLR = 6.75%, the monthly repayment is RM 2,918.69
If BLR = 12%, the monthly repayment is RM 4,628.76

You may refer to the calculation from fiscal-wisewebsite

This post has been edited by arthurlwf: Jul 14 2008, 03:18 AM

The problem is whether the government have any more reserve fund to rescue the economy...

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Added on July 15, 2008, 12:19 amDon't you think this topic relates to housing loan finances?

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Added on July 15, 2008, 12:25 amAgree with your point 1.

As for point 2 & 3, mind to share with us the reason you think its possible to be worse than 97/98 and Malaysia economy to be killed...
Unless you are referring to Malaysia's depleting reserve fund which was due to fund wastage done by the government.

This post has been edited by arthurlwf: Jul 15 2008, 12:25 AM

In economic term, there is a life cycle which means what goes up will come down. And vice-versa.
This does not indicate that the economy will die.

The economy will die if what goes down and doesn't come up...
Or took very very long time to come up...

This post has been edited by arthurlwf: Jul 15 2008, 12:32 AM

Based on a recent survey on purchased Propery price, the mean is from RM 151k till 350 k.



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It had happen twice in the past (30 Nov 1984 & 30 June 1998), what makes you to think it won't happen again?

Below is the proof



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