I've read through The Heron forum and most of them are complaining to the bad maintenance and some tenant issues as well. Since we will have to set up own JMB/JMC after a year upon completion. Hopefully we can have a strong and responsible JMB/JMC to take care of Zest, and make Zest the best place to stay.

The reason why I advocate the fortnight payment is to take advantage of the daily rest interest from the bank loan calculation. Years ago, local bank not willing to do daily rest interest and only foreign bank ie Citi/HSBC/SC etc.

So by doing fornight payment (splitting the monthly into 2) will increase the loan principal reduction calculation and expedite the loan repayment as you have seen.

Other may say why the hassle of fortnightly when you still paying 1 extra month per year and why not take that 1 extra month and divide by 12 and hence bump up the monthly amount while still paying it on monthly basis. This approach also similar and also reduce the payment period. The debate can be academic and hope someone else have the full financial loan sheet to demo this on the actual saving of these 2 approach.

Either way, you are paying that 1 month extra per year and it still save substantially at Rm24.7k. The diff of this vs your own self dumping money is, your set it up as a force pattern and forget instead of constantly making conscious effort to top up variable amount.

There are no extra effort, just setup a saving acct on the same bank and have it deduct automatically every fortnight.

Obviously you can do it weekly but moving from fortnight to weekly, the saving is not that much. and if your bank willing... hey every cents count.

If you have extra cash to clear off our principal, go and knock it off.... but why do that if the BLR is all time low and with the minus 2% from bank.. your effective loan interest is just than 3.55%.... surely you can keep the cash and invest somewhere for better returns...

Believe me, they r watching... they even told me what i had written in forum 

kimhoong, try UOB, they r not bad at all.

kimhoong, yes ocbc has this quota per month thing. They will be renewed beginning of every month. They won't reject you straight off, but you'll get either not so attractive interest rate or lower loan margin. You can try RHB (which is also the bridging financier for zest) or UOB.

For RHB, just be aware of the additional pre-payment (on top of your monthly installment) which is in blocks of 1k, if you have the extra cash to dump in. For UOB, choose the right loan package (some will not allow your pre-payment to cover more than 50% of the principle i think).

Anyhow, the lock down period is generally 5 years and by then you may be itching to change to another more attractive mortgage loan which you can negotiate again.

additional pre-payment (in blocks of 1k) meaning if you were to make any pre-payment you have to do in rounded amount to thousands, for example 1k,2k,3k...10k etc..but not odd amount like rm500 or rm 988

Yes, i got the loan from RHB as well, must be in thousand block.......

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Added on June 24, 2009, 6:41 pm

dude, RHB told me is started from the first drawn, confirmed.....

i got mine frm RHB n the lock-in period starts from the 1st drawdown as well.

yepp, first drawn down ler...............

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kim hoong, u r a vester? u really read through the contract(so thick). I din even try to understand it just as long as the project complete on time then is good enough. Not much experience on signing contract....hehehe

Thanks for the tips on housing loan.

I really don't know how to describe it. I always think that as a potential customer, I should be the side to get attention and assistance. These bankers are earning a great deal of commission but yet, not committed enough (at least to me).

Maybe I have wrong impression on this and should look at it from another angle.

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Actually I'm okay with the DBKL flats (I didn't mention "low cost"). Maybe I should use another word to describe them.

I just don't like them because
1) They are blocking my balcony view
2) There are too many of them (high density issue -> traffic issue)

And what the owners can play their role are .............DO NOT let their units to the African (i am not a racist but it is fact that a lot of trouble especially on security issue and noise pollution caused by our dear "friends").

Went to the salesoffice in Bandar Puteri. They're giving away this garbage recycle for every unit. Anybody got the picture?

Agree with this as well.

Only the owners can control... so calling out to all Zest buy-to-rent owners... please be mindful when you choose your tenants