Dear all,

i am new into this forum.

I was approached someone from SUPEX- Mortgage Reduction company.

and explain for me the prepayment clause. The plan look interesting on the money that can save.

Only let down is need to pay for their service.

Anyone come across this issue or usign their service?

just sharing here.

Thanks

Can u please pm or sms me the contact number of the agent who contacted u?
I am in the process of buying a house next week and would like to know if it will help me save some more.

thanks

how they charge on their service? They hav been calling me everynow n then but i didnt hav the time to meet them.. you may PM me if do not wish to display the amount to the public.. TQ

In actual truth you do not need company like SUPEX to help you save on mortgage repayment.
Engage more in this sections or other property forums and you'll learn a trick or 2.

Btw, SUPEX had a bad rep among the real estate community forums.
Mostly because of their hard sales.

And no, you do not need to pay someone to help you save.

This post has been edited by b00n: Mar 15 2009, 06:51 PM

Supex again?

I don't how many stupid people will still pay extra for nothing?

http://forum.lowyat.net/index.php?showtopi...0&hl=prepayment
http://forum.lowyat.net/index.php?showtopi...2&hl=prepayment
http://forum.lowyat.net/index.php?showtopi...5&hl=prepayment

Some forum community you can do a research on:
http://www.myrealestate.com.my/index.php
http://www.realestate.net.my/forum/

Read their finance sections on their discussions.
There's a lot of discusisons.

jason:


can u pls elaborate ?

I am not sure they are cheater or not?

i try to search supex on topic but cant find any

thanks

they arent cheating *techinally*

They r just asking you too pay thousand of dollars for something that is FREE

It's not about cheating.
It's about things we can do ourself without involving a 3rd party.
It's in regards to eduations.

You don't search the topics in regards to SUPEX.
You need to educate yourself in regards to mortgage loans.

What SUPEX did is like any other ppl would. Reduce the principal of one's loan amount. Than negotiate with banks either to cut tenure or reduce monthly repayment.

2ndly, they would "help" find banks with lower interest charged and "help" one refinance.

Aren't this 2 doable by ourself without "paying" for someone to do it?!

Let's put it this way - they provide a service for you if you're not bothered about it. It's like hiring a maid - you can do it yourself or you can pay someone to do it for you.

The reason why SUPEX gets people irritated is because they, err...,choose to ignore some facts. The core of their selling is based on conventional home loan (those you pay a fix amount for). Flexi-loans gets them flubbered . They take your existing loan, negotiate a lower rate for you, show you how much you'll save in the long term, and charge some $$$, based on the amount you would have saved (not sure whether it's valid now, it was a long time ago).

I have a cheaper alternative to Supex.

READ. There are tons of financial literature for all of us. For those that say that they don't have a business / finance background or don't have the time to educate themselves....Well, we all have to start from somewhere. Stop making excuses.

IMHO - it is a person's sole responsibility to take charge of his or her own financial goals, and Mortgage!. Don't outsource it and pay thousands of RM for something which u could do yourself.

I have done mystery shopping with Supex before. I dare to say this - there are some people in this forum that can educate the supex consultants themselves. I'm not impressed by them at all.

My personal opinion - Supex is a legitimate business. Unfortunately, they may inadvertantly exploit those of us which do not have an iota of financial acumen.

---

Added on March 15, 2009, 10:03 pmU can approach me for a free "consultation session".

If I can show u the ways to save interest - I will only charge u 20% of what Supex will.

PM me if u are interested.

PS - I am just kidding. Knowledge is attainable everywhere. U don't have to use Supex. Just read all the \posts above to get started.



This post has been edited by Phoeni_142: Mar 15 2009, 10:03 PM

Any ah zhu ah mao banker can tell you how to save.

If you current interest rate is 5% or more than higher than 4.5%
REFINANCE NOW. SURE SAVE U TONS.

Ok, RM100 for this piece of advice.

They use fancy terms. Fancy tables. Saying that prepayment that you made to bank doesn't deduct your monthly interest at all because the banks treats all prepayment as advance payment blablabla ...

Then they would ask customer to request some absurd thing from the bank, when the bank canot produce it, they say the bank dont dare to print it out for you or watever crap. Saying bank has 2 system, 1 is to show customer, another is real calculation and labbish.

Then charging few k for their service. Before customer even save a single cents, he had to come up with the money to pay them.

REAL LIFE ENCOUNTER before anyone said i heard from friends or shyt.
Ok, i HEARD this thing from mouth of customer when i was still working in bank. So either the customer bull me or SUPEX bulls him. And in return i bull it here.

Yes, they are telling the truth (partly) but with intention to misguide.

---

Added on March 16, 2009, 8:58 amWah!
This is an insult to a maid, a maid can do much much more.
She can clean the bed, not to mention "warming" it.

This post has been edited by jasonhanjk: Mar 16 2009, 08:58 AM

Yesterday after viewing some properties, while having lunch, got nothing to do, suddenly i remember a Supex ppl that keep pestering my friend for taking up their service,since nothing to do after lunch, i called up this Supex guy

The conversation goes like that,
Me:Hi, I'm XXX, a friend of YYY, would like to know more about your serivce
Supex:Oh...good, i'm providing a service that can help you to reduce your mortgage repayment and shorten your tenure
Me: Oh, very good, can i know roughly how it works? Becos i'm currently serving a RM200K loan under ZZZ bank, with Flexi Loan
Supex: How much are you paying every month?
Me: Around RM1500, for 30 years
Supex: Then I can help you shorten your tenure to 15 years
Me: Oh...how?
Supex: Now your monthly repayment is RM1500, you need to top up roughly RM1000 every month, and shorten your period
In my mind: What kind of bullshit...Of course i know if i pay more every month, then i can shorten my tenure, do i need a "CONSULTANT" to teach me this??????????
Me: How much u know about flexi loan? and mortgage?
Supex: I have been this line for quite a number of years, and when bank tell you flixi loan, it is not flexi, when u pay more money, they will park it aside, but not deducting your principle
Me: Hah??? But from the statement that i received, the bank really deduct off the principle, and never charge me anything on that?? Can bluff de meh??
Supex: Bank very cunning de, they bluff de...
Me: Thank you for your advise, and stop pestering my friend YYY, I think he knows more than you!!!

So, the conclusion is, they don't really know what they are talking about, most of the forumers here have much better knowledge than them, if they call themselves "mortgage consultant", then we can call ourselves "Mortgage specialist" liao, hahahahaha...

u very free issit?

What are you hinting?

Just finished my lunch, and having my ciggie, suddenly think of this guy, so call him for some entertainment loh...

wa like tat i charge one tea tarik per advise,like tat whole year I will have tea tarik for free

Wow, thread resurrection.

Jason, if you actually see the maid pictures.....you wouldn't want them to warm up the bed

no supex, they had bad reputation.