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(Advise) Best loan package in the market at the moment ?

 
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kevarni2701



Joined: 16 Oct 2006
Posts: 36

PostPosted: Mon Mar 26, 2007 11:58 am    Post subject: (Advise) Best loan package in the market at the moment ? Reply with quote

Hi all, just bought a property , would like to get advise what is the best house loan pavkage in the market at the moment.

I am buying for own stay and would like hassle free ( some of the bank make late payment to developer ).....

Any advise ?
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Mon Mar 26, 2007 12:54 pm    Post subject: Re: (Advise) Best loan package in the market at the moment ? Reply with quote

kevarni2701 wrote:
Hi all, just bought a property , would like to get advise what is the best house loan pavkage in the market at the moment.

I am buying for own stay and would like hassle free ( some of the bank make late payment to developer ).....

Any advise ?


Hi kevarni2701,

From my limited knowledge and experiences Embarassed Embarassed , there is simply NO best package in town for everyone Twisted Evil Evil or Very Mad Twisted Evil . For example, a housing loan package that is best for someone, says with lowest amount fo mortgage interest, may not have the same effect on your property, eventhough both of you get the identical housing loan package Exclamation Wink

Therefore, my underdog advice is Arrow to apply from as many lenders as possible within the time constraint (you really need to secure a loan fast, based on the construction stages and your downpayment) and have those agents explain to you the various features of their packages, respectively.

Then, select amongst those loans of lower range of total mortage interest (since you said your property is for self-occupation, and hence I guess you are the one who pay the mortgage interest), one that you think is most likely for you to follow in the next, says 5 years time. I guess that one is the BEST for you. And for you only, but noone else.

For this purpose, you MUST be able to construct your own amortization tables reflecting your loan in every different housing loan packages. Read my post at ..realestate.net.my/forum/viewtopic.php?t=6309 .NEVER rely wholely on the amortiation table your mortgage agents show you. NONE of those is realistic Exclamation

You MUST do your "homework" and plan your mortgage well. The time you take to do this is WORTH IT Exclamation If you are unable to figure out a correct housing loan package suiting your very own circumstances, you will certainly regret one day later when you discovered the fact Exclamation that you have for the passed tens of years working freely for your lenders Exclamation Evil or Very Mad Evil or Very Mad Twisted Evil Twisted Evil
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tgrrr



Joined: 18 Jan 2007
Posts: 135

PostPosted: Tue Mar 27, 2007 1:35 pm    Post subject: Reply with quote

On top of what Marxdean said, I have an additional advice.

Check the competency and customer services of the bank/company and loan officer/agent. There are many who doesn't understand how the whole loan process work, that's why they would sometimes screwed up and cause u having to pay late penalty charges.

Heard of one case where a guy never receive his loan balance statement for the past 2 years and suddenly received notice for late payment interest charges amounting to more than 5k.

I believe banks have a vested interest in ur property should u mortgage it to them. Thus good banks will 'take care' and take steps to ensure the property is in good hands (ie. while its under construction) else they might lose money in the end.
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Tue Mar 27, 2007 1:53 pm    Post subject: Reply with quote

tgrrr wrote:

Check the competency and customer services of the bank/company and loan officer/agent. There are many who doesn't understand how the whole loan process work, that's why they would sometimes screwed up and cause u having to pay late penalty charges.


Laughing Laughing Laughing Laughing Laughing

I DEFINITELY agree with tgrrr.

I myself have had this bad experience last time when I applied for my housing loan. I have found MANY so-called "Housing Loan Specialists/Agents" NOT ABLE to provide me CORRECT & ACCURATE answers.

These group of agents DO NOT KNOW how to amortize my loan, they MERELY depends on their software. AND the WORST thing was that, their mortgage software WAS WRONG Exclamation Exclamation Exclamation

Evil or Very Mad Evil or Very Mad Evil or Very Mad I was very ANGRY and SCOLDed them. I even TAUGHT them how to calculate in the correct manner. I have asked them to let their manager call me instead, so that I can correct the BUG in their software ... And yes you must have guessed ! They feel shame to contact me Twisted Evil Twisted Evil
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Tue Mar 27, 2007 2:09 pm    Post subject: Reply with quote

A very simple way to check the competency of the mortgage agent serving you is by asking them these questions:

1) For loan amount RM300,000.00 to be repaid in 30 years at an annual fixed-interest rate of 5.75%, why must the instalment amount be RM1750.72 ? Why cannot other values ?

2) For your own loan amounting to RMxxx.xxx.00 to be repaid on xx years at annual interest rates, say BLR-1.xx% for x years and BLR-x.xx % thereafter, why must the instalment amounts are so ? Why cannot other values ?

If they can answer you these questions, they are considered OK. If not, I think you better have someone else to serve you before it is too late Exclamation
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kevarni2701



Joined: 16 Oct 2006
Posts: 36

PostPosted: Tue Mar 27, 2007 7:06 pm    Post subject: Reply with quote

wah.....so scary one ah ? I better be prepare then .....problem is I myself can't even get the answer... or when ask them they say, normal calculator cannot work it out.,
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Wed Mar 28, 2007 9:31 am    Post subject: Reply with quote

Razz Razz
I am afraid that's the fact. If you do not know how to take care of your money, someone else (i.e., the lenders) will ... and your money becomes theirs ... Evil or Very Mad Evil or Very Mad Evil or Very Mad
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momiloco



Joined: 21 Mar 2007
Posts: 3

PostPosted: Wed Mar 28, 2007 12:05 pm    Post subject: Reply with quote

marxdean wrote:
A very simple way to check the competency of the mortgage agent serving you is by asking them these questions:

1) For loan amount RM300,000.00 to be repaid in 30 years at an annual fixed-interest rate of 5.75%, why must the instalment amount be RM1750.72 ? Why cannot other values ?

2) For your own loan amounting to RMxxx.xxx.00 to be repaid on xx years at annual interest rates, say BLR-1.xx% for x years and BLR-x.xx % thereafter, why must the instalment amounts are so ? Why cannot other values ?

If they can answer you these questions, they are considered OK. If not, I think you better have someone else to serve you before it is too late Exclamation


1) Can there be any other values since the variables, i.e. interest rates, loan amount and years of tenure are fixed?
I also dont know, but U cant just go and ask them these questions, if you do not know the answer right??

How will u know if their responds are correct??
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Wed Mar 28, 2007 12:23 pm    Post subject: Reply with quote

momiloco wrote:

marxdean wrote:

1) For loan amount RM300,000.00 to be repaid in 30 years at an annual fixed-interest rate of 5.75%, why must the instalment amount be RM1750.72 ? Why cannot other values ?


1) Can there be any other values since the variables, i.e. interest rates, loan amount and years of tenure are fixed?
I also dont know, but U cant just go and ask them these questions, if you do not know the answer right??

How will u know if their responds are correct??


True, there simply can't be any values when "interest rates, loan amount and years of tenure are fixed" and my question is why must be this value. You cannot answer me such that: "since it cannot be other values, it must be this value ..." Exclamation Question Question Exclamation

Yes, I KNOW, of course Embarassed Wink Laughing . If you understand the TIME VALUE OF MONEY, you will also know why in order to repay RM300,000.00 in 30 years at an annual fixed-interest rate of 5.75%, the monthly instalment should be RM1750.72, or to be exact, no lesser than RM1750.72.

Therefore, do a study on this topic called "TIME VALUE OF MONEY", you won't regret Exclamation I guarantee that Exclamation Not only to understand how mortgage works (especially those work in this field, be professional Exclamation ), but for all aspects of your life as long as MONEY is concerned.
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arifjoe



Joined: 13 Mar 2007
Posts: 6

PostPosted: Wed Mar 28, 2007 7:20 pm    Post subject: Time Value of Money Reply with quote

bro.. TIME VALUE OF MONEY ? ?Is that a subject u gain thru experience or MBA theoretically ?

Wut is the main presumption of TIME VALUE OF MONEY ?
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Thu Mar 29, 2007 9:43 am    Post subject: Re: Time Value of Money Reply with quote

arifjoe wrote:
bro.. TIME VALUE OF MONEY ? ?Is that a subject u gain thru experience or MBA theoretically ?


Well, I am not MBA nor from financial background at all Embarassed . I am not sure if this subject is taught in MBA Rolling Eyes . However, one does not need to be MBA in order to understand this. Mortgage is not rocket science either Exclamation Exclamation Everyone can understand that Exclamation Crying or Very sad

I came across this notion of "TIME VALUE OF MONEY " while I was doing my "homework" Laughing to understand how mortgage works last year for my first home. My main purpose, of course, is to minimized the amount the my lender earns from me Exclamation Twisted Evil Twisted Evil

arifjoe wrote:

Wut is the main presumption of TIME VALUE OF MONEY ?


Idea TIME VALUE OF MONEY simply means that money has a time value, that is, RM1 today worths more in value than one year later. We need to realize the present value and the future value of the same RM1. More importantly, we should realize that the value of this same RM1 could be compounded, either daily, weekly, monthly or yearly. Wink

If you understand this, you can take the active role to amortize your loan with the lender, following the best way to your own advantages. Else, you will be told the ways you should amortize your loan by the lender, this time, follows the best way to the lender's advantages Exclamation Evil or Very Mad Evil or Very Mad
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tgrrr



Joined: 18 Jan 2007
Posts: 135

PostPosted: Thu Mar 29, 2007 12:24 pm    Post subject: Reply with quote

momiloco wrote:
marxdean wrote:
A very simple way to check the competency of the mortgage agent serving you is by asking them these questions:

1) For loan amount RM300,000.00 to be repaid in 30 years at an annual fixed-interest rate of 5.75%, why must the instalment amount be RM1750.72 ? Why cannot other values ?

2) For your own loan amounting to RMxxx.xxx.00 to be repaid on xx years at annual interest rates, say BLR-1.xx% for x years and BLR-x.xx % thereafter, why must the instalment amounts are so ? Why cannot other values ?

If they can answer you these questions, they are considered OK. If not, I think you better have someone else to serve you before it is too late Exclamation


1) Can there be any other values since the variables, i.e. interest rates, loan amount and years of tenure are fixed?
I also dont know, but U cant just go and ask them these questions, if you do not know the answer right??

How will u know if their responds are correct??


Gee of course u will need to figure out the answers urself. If Marxdean just post the answers here, so can those loan officers just copy down the answers, then ur back to square one.
Ask a few of them, compare and analyze the answers urself. Ask more questions, make ur own judgements on what is real.

Time value of money is just base on mathematic, and is one of the fundamental knowledge in investment. Plenty of info on this in the net.
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Thu Mar 29, 2007 12:50 pm    Post subject: Reply with quote

tgrrr wrote:

Gee of course u will need to figure out the answers urself. If Marxdean just post the answers here, so can those loan officers just copy down the answers, then ur back to square one.
Ask a few of them, compare and analyze the answers urself. Ask more questions, make ur own judgements on what is real.


Laughing Laughing happy to have tgrrr by my side to fight the "mortage war" Laughing Laughing

Therefore, if anyone of you ever ask this question, and the given anwer is like what I said in the previous post, then ask one more question : "why no lesser than RM1750.72 ?". If there is COMPLETE SILENCE after that, you know the "quality" of your agent. Laughing Laughing

However, there might also possible that the mortgage agent actually know ALL about this, but he just want to keep the answer for himself (perhaps his boss, the lender instructs him not to reveal this). Twisted Evil Twisted Evil

Well, these days are not easy to "CARI/TIPU MAKAN" already Laughing Laughing Laughing , especially when you are so "unfortunate" to meet a "hard-to-handle" customer (like me) Razz Razz

I still remember what I told my agent last time : You think so easy to earn commissions from me--arr ? Razz Razz Laughing Laughing

tgrrr wrote:

Time value of money is just base on mathematic, and is one of the fundamental knowledge in investment. Plenty of info on this in the net.


True Exclamation the mathematics is JUST TOO SIMPLE Exclamation Well, you don't even need a costly financial calculator to carry out the calculations. A normal RM5 calculator will do the jobs Idea Rolling Eyes
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trojan



Joined: 17 Mar 2006
Posts: 198

PostPosted: Thu Mar 29, 2007 11:49 pm    Post subject: Reply with quote

marxdean, partly agree with you.
Of course your homework save you interest payable to the bank.

Howover, did you calculate:
- time you have spent making comparison and amortization table, compared to spending your valueable time with your family
- time you have spent discussing and correcting the agents compared to spending your valuable time with your family
- petrol you have spent for searching around
- telephone bills you have made for calling the agents

All these are costs as well, it's just that they are not direct cost or not tangible , and you are too focus on the MONEY value you paid for the interest.

Anyway, I do agree with you there are a lot of incompetence mortagage consultants.
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b00n



Joined: 22 Jan 2007
Posts: 70

PostPosted: Fri Mar 30, 2007 10:13 am    Post subject: Reply with quote

sorry trojan; but can't agree with u on that cost...
for instance; U spent RMlets put it at RM200 (which I exagerate a lot) to find all this information...
but over the period of your loan tenor; if u get the right one or suitable one; u could even save up to hundreds of thousands...
compare 200 against for instance 100k....wow!
But anyway, it's really time consuming..

I got mine at an average of BLR - 1.3% and assuming BLR is static at 6.8% than my interest for the whole tenor is 5.5%

I'm confused in generating mutiple tier tables; so I just weigthed average out the 4 tiers and it give's me BLR-1.3% which to me is good enough.
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Fri Mar 30, 2007 11:05 am    Post subject: Reply with quote

trojan wrote:
marxdean, partly agree with you.
Of course your homework save you interest payable to the bank.

Howover, did you calculate:
- time you have spent making comparison and amortization table, compared to spending your valueable time with your family
- time you have spent discussing and correcting the agents compared to spending your valuable time with your family
- petrol you have spent for searching around
- telephone bills you have made for calling the agents

All these are costs as well, it's just that they are not direct cost or not tangible , and you are too focus on the MONEY value you paid for the interest.

Anyway, I do agree with you there are a lot of incompetence mortagage consultants.


Dear trojan,

I hope you understand the MOST IMPORTANT point here : If you buy a house without a proper mortgage strategy (simply because you are not willing to sacrify a little bit of your time with your families, and your concern the RM1.92/liter is too much, and you want to save your at most RM200 phone calls)

the verdict is that:


1) you are actually "setting up" yourself, throwing yourself into lots of troubles;
2) you are not buying a house of your dream, you merely bought a nightmare of bad debt;
3) you are causing yourself to lost tens or even hundreds of thousands of RM;
4) you are foolising yourself working freely for your lenders during your golden years;
5) you are actually "digging your own graveyard"


Which side do you want to be in this trade-off ?

To solve your ambiguities further, let me tell you what I have done for the points you raised here:

trojan wrote:

- time you have spent making comparison and amortization table, compared to spending your valueable time with your family.


trojan wrote:

- time you have spent discussing and correcting the agents compared to spending your valuable time with your family.


I did the study of mortgage and amortization together with my families, my love ones, along the course we raised our level of financial competency, we have lots of discussions on the financial matters, besides our mortgage. In fact, we have drawn our very own 5-year financial plan, by making our mortgage debt fits perfectly into this plan. We knew that our fist house will be able to settle the first day after the lock-in period! And we can afford buying many many other properties for investment purpose ...

Haven't I spend "valuable time" with my families and love ones ?


trojan wrote:

- petrol you have spent for searching around.


I "told/forced" the mortgage agents to come to my place. They are more than willing to come. Some of them bring gifts, some of them take me out to "mamak" for a discussion (along which I taught them how to do an accurate and realistic amortization, and they always wanted to treat me to better restaurant for what I have told them, traveled on their car).

I don't even spend more than one liter of my pertrol to find a good mortgage deal.


trojan wrote:

- telephone bills you have made for calling the agents.


I NEVER called any agents. I have them called me, instead. I simply called for service online, by filling in online forms available on their websites.

trojan wrote:

All these are costs as well, it's just that they are not direct cost or not tangible , and you are too focus on the MONEY value you paid for the interest.


I NEVER and shall NEVER try to equalize the time I spend doing millions mortgage calculations with the time I spend with my love ones. I NEVER consider it is a "cost" to be with my families. They are not on the same importance/significance at all, therefore I cannot trade-off them on an apple-to-apple basis Exclamation Laughing



Therefore, I HAVE EVERYTHING TO GAIN BUT NOTHING TO LOSE Exclamation Laughing Laughing Laughing


Last edited by marxdean on Fri Mar 30, 2007 1:08 pm; edited 1 time in total
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Fri Mar 30, 2007 11:15 am    Post subject: Reply with quote

b00n wrote:

sorry trojan; but can't agree with u on that cost...
for instance; U spent RMlets put it at RM200 (which I exagerate a lot) to find all this information...
but over the period of your loan tenor; if u get the right one or suitable one; u could even save up to hundreds of thousands...
compare 200 against for instance 100k....wow!
But anyway, it's really time consuming..


Believe me Exclamation Your time is well-spent, it worths more than the effort you have put in Idea Wink

b00n wrote:

I'm confused in generating mutiple tier tables; so I just weigthed average out the 4 tiers and it give's me BLR-1.3% which to me is good enough.


Have you do your "homework" to understand what is the so-called "TIME VALUE OF MONEY" and what are "future value" and "present value" Question Question

Once you understand, you can produce an accurate amortization table, no matter how many tiers your mortage has Exclamation
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b00n



Joined: 22 Jan 2007
Posts: 70

PostPosted: Fri Mar 30, 2007 12:24 pm    Post subject: Reply with quote

For instance, my monthly installment is going to be around RM1340 per month.
Say I'm earning RM3000 today, I'll be left with RM1660 for other expenses. Make it simpler....no car installment but transportation comes to RM660 (Tol + fuel). Left RM1000.
This RM1000 would be for food and sundries which let'' say aftr all spend....a saving of RM300 per month.

We all know that the mortgage installment is a fixed installment of RM1340 throughout the whole 20 years tenure. I.e. monthly without doubt u have to pay RM1340.
So if our salary doesn't increase and remains costant for the next 20 years...
we'll be in big trouble as every other expenses would increase; i.e. tol+fuel could go up to RM960 monthly and food and sundries can go up to RM1000 with the inflation rate going berserk.
So in this scenario, we'll be left with -RM300 monthly. So in order to survive this scenario; we'll need to make sure that we got to have an increase in our monthly income by the min of RM300 to not to die.

Thus, I think what marxdean is telling us all here; we need to take into account the inflation rate and increase in future expenses; also your expectation of future income in order to make a safe assumptions whether or not we could still pay that particular installment 10 years down to road.

Or even better; work your way through proper financial plan to settle the loan faster and be free of the extra burden in mortgage monthly installment in the future when other expenses becomes higher.
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Fri Mar 30, 2007 12:54 pm    Post subject: Reply with quote

Yes Exclamation b00n has definitely able to appreciate the meaning and the impact of "TIME VALUE OF MONEY" in one daily-living now Idea

From there on, why not use the same concept to understand how and what the mortgage lenders have done enough to earn from us and survive their future Question Wink Idea
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boomerkk



Joined: 12 Oct 2006
Posts: 416
Location: K.L.

PostPosted: Fri Mar 30, 2007 4:02 pm    Post subject: Reply with quote

i think marxdean is a very valuable member to this forum!

as i see it, mortgages is a prime way for the banks to make money, and turn us into their employees.

I think a lot of people underestimate the seriousness of the BLR, sure now it's low but past 26year avg is 8.57%!! economy is cyclical, now times are good but wait for next recession, BLR will climb.

So marxdean is teaching us to settle mortgages as soon as possible, while times are good.

This is very good IMHO!!!! Very Happy
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Fri Mar 30, 2007 4:50 pm    Post subject: Reply with quote

boomerkk wrote:
i think marxdean is a very valuable member to this forum!


Embarassed Embarassed Confused Confused Embarassed Embarassed
Thank you for being able to appreciate my effort to raise the awareness among us. Wink

boomerkk wrote:

as i see it, mortgages is a prime way for the banks to make money, and turn us into their employees.


TRUE Exclamation definitely TRUE Exclamation
Twisted Evil Twisted Evil However, we can also "rob" the banks, I means without violating any laws. Laughing Laughing We can effectively "earn" from the banks if we are able to carry out an effective "Refinancing" or "Early Full Prepayment" by taking advantages of the powerfulness of "TIME VALUE OF MONEY". No one can effectively stop the value of money from decreasing along with time. Those bankers know what am I talking about. They have those very sophisticated and costly software program to determine when a client refinances, whether it is the bank earns or the client earns at the point of time the refinancing is carried out. Banks realize that there are people doing just that, but they do not bother (yet) since the number is still extreamly small Exclamation

boomerkk wrote:

I think a lot of people underestimate the seriousness of the BLR, sure now it's low but past 26year avg is 8.57%!! economy is cyclical, now times are good but wait for next recession, BLR will climb.


Idea Just look at how the rate of the Fixed-interest mortgages change will give us a very good indicator to where the BLR is heading within the near futures, e.g., 5 years. Wink

boomerkk wrote:

So marxdean is teaching us to settle mortgages as soon as possible, while times are good.

This is very good IMHO!!!! Very Happy


Millions thanks again & hopefully you have benefited Exclamation
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trojan



Joined: 17 Mar 2006
Posts: 198

PostPosted: Sat Mar 31, 2007 12:35 am    Post subject: Reply with quote

oic, marxdean, so I presume you are bring your whole family out while meeting your agents and of course the agent pay for your whole family spending at the mamak stores Rolling Eyes Rolling Eyes Rolling Eyes

Online... no need electricity ah?... oh ya... maybe using company computer and internet access during work hour to do personal things save even more.... Laughing Laughing Laughing Laughing

Petrol, even thought the agent is paying, with the increase of petrol usage and government subsidize decrease, overall petrol increase, and it won't impact you?
Whatever you do, there are cost you have already forgone... it's just that you did not value it but just putting your dollar and cents so infront of your eyes.

All the financial instituitions have their panel of experts in introducing their mortagage package. Irrespective how you calculate, they already reap the profit out of you once you sign on the dotted lines.

Don't get me wrong, of course borrowers need to evaluate the offer their are getting, but only to a reasonable effort.
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b00n



Joined: 22 Jan 2007
Posts: 70

PostPosted: Sat Mar 31, 2007 1:09 pm    Post subject: Reply with quote

not going to be sarcastic here....
but I do see head on clashes going to erupt into volcanic molten.... Confused
for instance, electricity; how much u used per day if ur not searching the net for the best offer?...
do u eat if the agent doesn't treat u to a meal?...
do u use the phone or drives out if not meeting the mortgage agent?
yeah...reasonable effort...
define reasonable!

All the guy had to say is to evaluate your own financial status and do a homework on how the loan amortizing goes....
learn on the interest difference charged by different competitors and how it translate into money that you're eventually going to fork out.
also, how to try and manage your loan re-payment in order not to burden yourself in the future....

is that really hard to accept till sarcastic post needs to be posted?!

I thought in this forum; since it's a real estate forum discussing bout properties and financing.....we are all matured adults

I've been to forums where name callings are still there because of immature ppl. I like this quote by someone from another forum:
"Don't Post When You Nothing To Post!"
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Sun Apr 01, 2007 12:19 pm    Post subject: Reply with quote

Hi b00n,

Laughing Laughing I actually don't mind having our member trojan to raise those "sarcastic" points here. Laughing Laughing

From his/her opposing views on our efforts to raise awareness on the truth of the impact of mortgage on one life, we actually see yet another real-life example on how naive and reluctant someone can actually be in handling his/her biggest debt in life, which is the major factor contributed to the bank's wealth Exclamation , instead of his/her own.

It is upto the other forumers to judge the verdicts Idea

p/s: I hope member trojan is NOT a mortgage agent Laughing Laughing
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marxdean



Joined: 06 Nov 2006
Posts: 477

PostPosted: Sun Apr 01, 2007 2:30 pm    Post subject: Reply with quote

Laughing Crying or Very sad Laughing Crying or Very sad Laughing

my dear trojan, I guess you are "trying to pick a bone in an egg" Question Question Exclamation Exclamation


trojan wrote:
oic, marxdean, so I presume you are bring your whole family out while meeting your agents and of course the agent pay for your whole family spending at the mamak stores Rolling Eyes Rolling Eyes Rolling Eyes


When I said those agents came to my place, I mean my house, the place I am currently living --larr ...and some of them fetch me (me, me, me myself Laughing okie Exclamation ) out for discussion, okie ?

Even if I did asked those agents to treat my whole family, there is NOTHING WRONG ! I "AM PAYING" them when I apply my loan later Exclamation

Guess what, some of them have entertainment allowances for this kind of purpose, too Exclamation

trojan wrote:

Online... no need electricity ah?... oh ya... maybe using company computer and internet access during work hour to do personal things save even more.... Laughing Laughing Laughing Laughing


How many "kwph" (kilo watt per hour) do you need to pay for the purpose of filling in those online forms Question

Rather than jammed on the roads, just spend one extra hour in your office to looks for info online. What's the BIG POINT ?

trojan wrote:

Petrol, even thought the agent is paying, with the increase of petrol usage and government subsidize decrease, overall petrol increase, and it won't impact you?


Laughing Confused Laughing Confused Laughing Confused Laughing
So are you saying I am the culprit causing the hikes in petrol price ? And government will subsidize us more by not increasing the pretrol price if we consume lesser petrol ?

Very Happy Very Happy Laughing Laughing Very Happy Very Happy Please read more news, international news Exclamation

trojan wrote:

Whatever you do, there are cost you have already forgone... it's just that you did not value it but just putting your dollar and cents so infront of your eyes.


Most things (NOT ALL THINGS) have a cost, of course, but they are not comparable when they are not of the same category of importance and significance.

Therefore based on what you said, a conclusion can be drawn that you are trying to tell yourself that by spend lesser time to plan your detailed mortgage strategy and spend those time with your family, you have essentially "EARN" from your lender Question

For me, I NEVER think that by spending more time planning my mortgage strategy, I essentially "LOSE" a certain cost. There is NO COST to be with family, so NOTHING TO LOSE Exclamation

trojan wrote:

All the financial instituitions have their panel of experts in introducing their mortagage package. Irrespective how you calculate, they already reap the profit out of you once you sign on the dotted lines.


YES Exclamation Definitely TRUE. I am not here to "NOT LET THEM EARN". I am here to tell people (including you) to "NOT LET THEM EARN THOSE AMOUNT THEY ARE NOT SUPPOSE TO".

In fact, by doing a detailed and accurate mortgage amortization planning, you will be able to figure out "HOW MUCH YOUR LENDER WILL EARN AT A MINIMUM LEVEL" Question With that, you will know to what extend you can reduce their earning, which is YOUR MONEY Exclamation Isn't this GOOD for you ?

trojan wrote:

Don't get me wrong, of course borrowers need to evaluate the offer their are getting, but only to a reasonable effort.


I ASSURED you the time you spend to detail your mortgage pay-off strategy is MORE THAN REASONABLE. It is the time that you are in doubt whether not to plan your mortgage that is UNRESONABLE Exclamation


Last edited by marxdean on Sun Apr 01, 2007 2:41 pm; edited 1 time in total
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