Malaysia Real Estate

[MLD]

Dear All,

As the promotional offers are over, here are the new rates for those who still want to secure their loan against the rise of BLR.


Package 1 (Zero Moving Cost - ZMC)

Loan to value of 80% to 90% : 6.35% Fixed for entire tenure
Loan to value of 80% and below : 6.25% Fixed for entire tenure

Package 2 (Non Zero Moving Cost - NZMC)

Loan to value of 80% to 90% : 5.99% Fixed for entire tenure
Loan to value to 80% and below : 5.89% Fixed for entire tenure.

Minimum Loan Amount : RM 100,000

*Refer to the first post for further info.

Thanks. Best Regards.

_________________
To know more about AIA's Home Loan packages, Call 012-3272615 or email tzeyean.aia@gmail.com for more details.

[shennanigans]

hello MLD, but this will not apply to commercial properties right? I am looking for 90% financing on a serviced apartment (commercial), Amcorp, in PJ. It's on the 18th floor. Selling price is 207.

[bryanniau]

Dear All,

Recently, Banks announces will increase their overnight interest rate which means will afftect the BLR rate too.

You could also see that most of the bank already revised their interest rate. (Car Loan interest rate also will increase soon)

Believe there will be changes in BLR.

Go for Fixed Rate, Free from Worry and will be right choice for you.
_________________
Thanks.
Cheers,
Bryan Niau (@Penang)
AIA's Home Loan packages and Insurances, Call 012-4100 478 or email niaukw@yahoo.com for FREE advices and services.

[USJ]

[zearcher]

Surprisingly, AIA revised its home loan interest rate before BNM's decision on OPR. Personally, I think it was a wrong move for those in AIA who made that decision. It was justifiable for AIA to increase rate after BNM's annoucenement should there be increased in OPR.

[MLD]

Dear Valued Customers,

Following recent developments in the global financial market, particularly in the U.S., many of you are keen to understand the immediate and long term prospects of the company.

I take this opportunity to reassure all our valued customers that AIA Bhd. is not impacted by the on going financial issues in the U.S.

AIA Bhd. takes pride in the fact that we are a locally incorporated insurer, with more than 96% of our total assets invested in Malaysia. Insurance policies underwritten by AIA Bhd. are direct obligations of our regulated business, which is subject to stringent local regulatory and capital requirements as prescribed by the Insurance Act and Regulations under close supervision by Bank Negara Malaysia. AIA Bhd. is well-capitalized and we maintain separate reserves in Malaysia in line with the regulations, to meet our obligations to our policyholders.

Given our six decades of market experience, we are confident that we will continue to meet the growing needs of all Malaysians and to be the leading provider of insurance and financial services in Malaysia.

We take the opportunity to thank you, our policyholders, for your support and confidence and look forward to continuing to service your needs both now and in the future.

Message by,
Mr. Khor Hock Seng
Chief Executive Officer "
_________________
To know more about AIA's Home Loan packages, Call 012-3272615 or email tzeyean.aia@gmail.com for more details.

[MLD]

Cash-out refinancing can help you consolidate debt. It is a useful tool, but it must be used in conjunction with controlling your spending.

What is cash-out refinancing?
It is the process of taking out a new mortgage with a larger principal than your current mortgage. The difference in principal is paid to you as cash, which you can use for almost any purpose, including debt consolidation.

How does it work?
Cash-out refinancing is based on your home equity, which is the part of the home that you actually own. For example, if you have a home worth $250,000, and you owe $200,000 on the mortgage, you have $50,000 worth of equity in the home. If you refinance, that $50,000 is available for you to use (depending on your lender’s rules).

What can you use the cash for?
You can use the cash in almost any way you want. One wise way to use it is to consolidate your debt. If you have high-interest credit card debt, you can usually get a much lower interest rate by using your home to secure the loan. For example, if you have $20,000 in credit card debt, you can use cash-out refinancing on your home and increase your principal by that same mount: $20,000. At closing, you get that $20,000 in cash and can use it to immediately pay off your credit card debt.

At this point, the debt is now wrapped up into your mortgage, but that can be advantageous to you. Instead of paying an exorbitant interest rate -- some credit cards are as high as 18 percent -- that is not tax deductible, you can pay a much lower rate – such as 6 percent -- and get tax benefits since the debt is tied to your mortgage.

Cash-out refinancing does not necessarily raise your monthly mortgage payment, although it certainly is possible that you could end up with higher monthly payments after refinancing in some situations. Your overall debt payment will be less, though, since you are not paying high interest to a credit card company.

What should I know first?
If you are considering cash-out refinancing, you need to be aware it only makes sense if you couple it with financial restraint. If you do not curtail your spending, cash-out refinancing can be a foolish move. If you use the money and then wind up running up more credit card debt later, you could find yourself in serious financial trouble: A larger debt on your mortgage plus even more credit card debt. Also, because the debt is now tied to your mortgage, you could lose your house if you fail to repay the debt.

Despite its risks, cash-out refinancing can still be a smart option if you need to get out from under high-interest debt, and you change your spending habits

Source: .://..lendingtree.com/beta/mortgage-refinance/advice/cash-out-refinancing/cash-out-refinancing-basics/
_________________
To know more about AIA's Home Loan packages, Call 012-3272615 or email tzeyean.aia@gmail.com for more details.

[MLD]

Dear Homeowners,

Are you thinking of buying your dream home but yet worried about where the economy is heading in the next few years?

Are you confused about financial jargons such as the BLR? KLIBOR? or OPR?

Do you wish that buying your dream home could be as easy and hassle free with a personal financial consultant to be there with you not just during the initial loan application stages but all throughout your financial journey?

If your answer is YES to all the 3 above, then look no further for you have found the best solution in an AIA Fixed Home Loan!

*Refer to the 1st post for latest rates

Just drop me an sms/call at 012 327 2615 or email ZestFS@gmail.com to arrange for consultation session where we share with you how our financial services consultants can help you plan for a secure financial future!

Best Regards,
Tze Yean
Zest Financial Services representing AIA Bhd

_________________
To know more about AIA's Home Loan packages, Call 012-3272615 or email tzeyean.aia@gmail.com for more details.