Saturday, 15/12/2018 | 10:02 UTC+8
  • good-debt-bad-debt
    Good Debt vs Bad Debt – Which debt do you owe?

    Nobody likes to borrow money from someone else, but we all have or will face a situation in life where we will need some extra cash. While borrowing from a friend or family member has less profound consequences on your creditworthiness, there can be a difference with the type of debt you owe a financial

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  • mortgage_loan_agreement
    Unfair housing loan agreement

    MOST if not all house buyers will require financing to buy their dream homes. While there appears to be stiff competition among banks for market share and interest rates may be kept low, house buyers are ultimately at the mercy of banks when it comes to the detailed terms and conditions of the housing loan.

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  • Islamic Bank
    What is the pros and cons of Islamic property financing?

    Islamic banking and financing, particularly Islamic property financing, in Malaysia is considered one of the most renowned and established in the world. Islamic banking which follows Shariah laws has been in operation since the enactment of the Islamic Banking Act in 1983 and the establishment of Bank Islam Malaysia Berhad on the same year. The

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  • Hse
    What is the standard procedure of buying a subsale property?

    1. Upon agreeing to buy a property, an earnest deposit (sometimes referred to as booking fee) amounting to 2% – 3% of the agreed selling price is collected in the name of the stakeholder (usually the real estate agent). 2. Earnest deposit is collected and the Letter of Offer is completed and signed by purchaser.

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  • Loan
    Household debt and what it means

    The difference between ‘healthy’ and ‘unhealthy’ loans Household debt is basically all forms of loans with interest rates taken from entities that provide financing. The loans can be secured with assets such as real estate loans (housing and commercial properties), or without any collateral such as personal and credit card loans. Residential and commercial property

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  • 10 steps to buying your dream house in Malaysia

    1. Understand and draft your budget With the skyrocketing property prices in Malaysia, one must be really clear about managing budgets and debts. To own a real estate, first thing to take note is your budget. If you are a first time buyer, understandably banks will approve you a loan of 90% for as long

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  • Are you financially ready to buy a house in Malaysia?

    1) Do you have enough for the upfront costs? In Malaysia, most banks offer up to 90% of the property’s price (margin of financing) for your first two residential properties. If you receive that 90%, you need 10% cash to pay for the rest of the property’s price. Say you’re targeting to buy a condo

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