Comments on: Fixed Rate Home Loans from Insurance Firms

by: OBH

Thu, 08 Mar 2007 09:33:54 +0000

oppss.. the url is www.fiscal-wise.com.my

by: OBH

Thu, 08 Mar 2007 09:33:11 +0000

i found this website @ Fiscal Wise is great whereby they have the most complete loans available by all banks in malaysia. Perhaps they are the right person for us to seek independent information..

by: kaiser

Tue, 16 Jan 2007 05:24:54 +0000

Is there anyone in malaysia out there offering interest payment mortgage loan only like the US and UK market?

by: yk

Thu, 21 Dec 2006 14:44:10 +0000

Also there is no lock in period, that is when you sell off the property… of course if you refinance… kenalah!

by: Froggie

Sat, 16 Dec 2006 00:15:00 +0000

Apparently AIA is advertising no early settlement penalty. That is a major plus point for taking Insurance loan.

by: TEC

Fri, 15 Dec 2006 17:14:44 +0000

if u have a plan of refinancing, take the loan from bank, that offer BLR minus package, which is still lower than the insurance Co. as for insurance Co, the first few year we have to pay higher installment compared to if i take lower interest pakage from bank

by: Administrator

Thu, 14 Dec 2006 09:30:48 +0000

sure, any feedback is welcome. Especially from buyers who have done the research and know about the products on offer…

by: preacher

Wed, 13 Dec 2006 19:44:39 +0000

There is a consensus amongst most economist / bankers that the Govt. has learned the lesson of the Financial Crisis that the IMF / World Bank model of high interest rates will not work any more. That said, how high will the BLR be? Some say in the long run about 7.5%. Of course, there can be no certainty.

Based on current BLR (6.75%), some banks are giving up to BLR - 1.3% throughout the tenure which is about 5.4%. That is still better than the fixed Insurance of about 6.15%. That means that the Buyer is better off taking a flexible rate until the BLR hits 7.45%. Also, I was told that although most Banks will accept a reassignment of an exixting Insurance Polict in lieu of MRTA, the Insurance Co. will want to cross sell their products. So, there is an additional hidden cost to the buyer.

But of course, there is nothing like a sure thing, i.e. fixed rate which gives peace of mind. Admin, perhaps some ppl can give their feedback for a more comprehensive write-up?