How/ what to do after paid up housing loan?
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 Nov 10 2008, 10:11 AM, updated 18y ago
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#1
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Senior Member
4,305 posts Joined: Sep 2008  
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Hi all expert there,
I have a stupid question to ask. If I paid up (or almost paid up, left a few ringgits) my housing loan, what am I suppose to do next to get back my house from bank? Do I need to engage lawyer? Thanks. |
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Nov 10 2008, 10:17 AM
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#2
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Senior Member
4,305 posts Joined: Sep 2008
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QUOTE(hoilok @ Nov 10 2008, 10:13 AM) go to ur bank and ask for release letter kuar ..dont knew lah no money to pay the house loan fully ..................u damn lucky I used almost 8 years to do that, is that lucky? OMG... I paid 10s of k in interest to the bank...   |
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Nov 10 2008, 10:59 AM
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#3
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Senior Member
4,305 posts Joined: Sep 2008
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QUOTE(infium @ Nov 10 2008, 10:26 AM) goto engage a lawyer (normally the loan lawyer last time you engange) than ask for it. It is call... "Discharge of Charge" Oic, any idea what's the range of charge? 1% of house value? Thanks.Discharge = release your loan Charge = u loan it from bank Haha hope you understand, And get back your ORIGINAL House Title (Geran) Hope it help you thanks |
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Nov 10 2008, 11:44 AM
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#4
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Senior Member
4,305 posts Joined: Sep 2008
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QUOTE(SKY 1809 @ Nov 10 2008, 11:19 AM) The standard discharge is about rm 300 charged , if I have not mistaken. Thanks everyone, will go and find out with them when I have time. can find out more from your banker.  |
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Nov 10 2008, 01:10 PM
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#5
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Senior Member
4,305 posts Joined: Sep 2008
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QUOTE(espree @ Nov 10 2008, 12:25 PM) congratulation. Thanks...  One less liabilities... Still a lot to go  |
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