FIS Mortgage Saver

Wonder if Bank Negara will announce update of another 25 basis point increase🥲. Is this the sign of economic recovery and another burden to borrower?
https://www.bharian.com.my/bisnes/lain-lain/2023/07/1122188/opr-naik-lagi-atau-kekal?fbclid=IwAR1vhsJZC7F3LyvcloKaRhlc1h2ipSCU49HGXIDYeMbFU9lPivhpHC04dzc

OPR: Naik lagi atau kekal? | Berita Harian KUALA LUMPUR: Penganalisis berpandangan berbeza mengenai unjuran Kadar Dasar Semalaman (OPR) menjelang pernyataan dasar monetari Bank Negara Malaysia (BNM) yang akan dikeluarkan Khamis ini.

Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%. The latest hike has raised the OPR back to its pre-pandemic level seen in the second half of 2019
Source: https://www.theedgemarkets.com/node/665478

Wishing everyone a Happy Chinese New Year and happy holiday. May your hard work and knowledge give your abundance of wealth this 2023.

OPR is kept at 2.75 per cent...analyst
https://www.thestar.com.my/business/business-news/2023/01/18/bank-negara-may-surprise-market-by-holding-opr-or-signaling-a-pause-ahead---maybank-ib

Why SBR and not BR.
https://www.iproperty.com.my/guides/standardised-base-rate-bnm-what-is-it-differences-with-br-70061

Happy New Year, 2023 is the beginning of a new chapter. This is your year, with your vision and dreams, make it happen.

Inevitable forecasting next year opr hike to 3.25% (interest rate).

Economists expect more OPR hikes up to 3.25% in 2023 CGS-CIMB expects two more 25-basis-point increases to the overnight policy rate (OPR) to 3.25%, from 2.75% currently, as inflationary pressures are expected to remain in 2023.

Other than servicing your loan on time, onother expenses are accountable for high rise residential and commercial unit owners.

Sinking fund vs maintenance fee in Malaysia: What's the difference? - iproperty.com.my Owners of strata property (condominiums, apartments, serviced apartments and flats) will be familiar with the monthly condo maintenance fees and sinking fund they pay. For those unfamiliar with these terms, find out what they are, how they are calculated, why high-rise owners need to pay for them an...

For home buyers and investors...please take note. Do your own due diligence.

Rising number of "sick" or delayed housing developments in Malaysia: Why is this happening? - iproperty.com.my To date, there are 580 sick housing developments in Malaysia, out of 2,552 launched residential projects. This means the fates of nearly 23% of Malaysian homebuyers are in the hands of errant property development companies, including those owned by the government.

Countermeasures of inflation. 'If the OPR remains low, BNM will have less ability to control the monetary policy or deal with inflation'.

‘No huge impact from OPR hike’ PETALING JAYA: Bank Negara Malaysia’s (BNM) recent revision of the overnight policy rate (OPR) will not have a major impact on the people such as incr...

Will property demand remain dip? Another hike of installment coming soon.

Malaysia's OPR expected to peak at 3.25% in 2023 Headline inflation likely to moderate to 3.7% this year, according to Fitch Solutions.

BNM announced new SBR (Standardised Base Rate)

Standardised Base Rate (SBR): What is it, differences with BR and how will it affect loans in 2022? - iproperty.com.my According to Bank Negara Malaysia (BNM), a new Standardised Base Rate (SBR) will replace the Base Rate (BR) for new retail floating-rate loans in Malaysia. The revised Reference Rate Framework will be effective on 1 August 2022.

Another OPR hike likely PETALING JAYA: The market is convinced that Bank Negara will raise its overnight policy rate (OPR) again tomorrow, although some economists questioned the need for a hike amid rising recessionary risks.

Projection of interest rate hike in 2023 after GE. This is what to expect in 2023.

"Fitch projects a further 50 basis points (bp) policy rate hike in Malaysia by end-2023 under its base case, following Bank Negara Malaysia's 75bp hike year-to-date"

Sources:

More gains for Malaysian banks from higher interest rates, economic recovery: Fitch | New Straits Times KUALA LUMPUR: Higher interest rates and a firm economic recovery are likely to enhance Malaysian banks’ revenue and profitability prospects, according to Fitch Ratings.

BNM announced hosing loan OPR will unlikely to raise again this year. Hopefully this will lower home loan burden thus reduce rate of non performing loan.

Economists: BNM Unlikely To Raise OPR Again Until Early 2023 Several economists have weighed in to say that BNM is unlikely to raise the OPR for the fourth time in a row in November 2022.

Once again another 0.25% mortgage interest hike 🥲
If interested to join a free workshop on 'Hack to Shorten and Reduce your Mortgage Interest and Tenure! 😱', pls click here for a free workshop 🥹
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Bank Negara to hike OPR by another 25 bps this week, predicts Moody’s Analytics KUALA LUMPUR, Sept 5 — Bank Negara Malaysia is expected to hike its overnight policy rate by 25 basis points to 2.5 per cent this week, its third consecutive rate hike, aiming to...

😐 How long does it take for the house to be auctioned without paying the mortgage? 🤔

Q: I have been unable to pay the mortgage for 4 months. I want to know, how many months will the bank come to the auction if the mortgage is not paid? How many more months can I owe? Why are some people owed for 7 or 8 months and nothing happens, while some people only owe 3 months and their house will be auctioned off? How is a bank defined? 🤔

A: 🫣 According to Section 254 of the National Land Code 1065, if the owner is unable to pay the mortgage in accordance with the contract for at least one month (or any other period of not less than one month according to the contract), then the property mortgage holder ( Bank) must request the owner in writing to repay the mortgage within one month (or other time not less than one month according to the contract), otherwise the bank will apply for a property auction order according to the procedure. 😏

Maybank implementing multi-tier interest beginning 1st Aug. What you think 🤔 ?

Maybank To Calculate Interest Rates Of Savings, Investment Products Using New Split-Tier Method Maybank is implementing a new split-tier method of calculating interest, profit and dividend rates for its savings and investment products.

OPR hike coming...worry 🤔?
Headline: Bank Negara to hike rates again in July and Sept.

Bank Negara to hike rates again in July and Sept More rate hikes are certainly coming, a Reuters poll shows.

Recent news! A couple with initial mortgage loan of $55k of $400 monthly repayment, only to found out that they paid mostly on interest with balance principal loan of $45k after 10 years.
With $400 monthly, they had paid $48k in total, $10k in principal and $38k in interest. To sum up, 80% goes to interest.

Most of the time, we found out most mortgage payer only pay what the bank told them to. Did they pay the correct amount? NO, of course not! Instead they trust the bànk.

What can you do after this, pay more, pay extra, but how much more? Paying extra really help reduce your tenure and principal?

Sources: https://www.therakyatpost.com/news/malaysia/2022/06/15/nasty-shock-for-soon-to-be-evicted-elderly-couple-after-paying-bank-for-10-years-turns-out-theyve-only-paid-the-interest/

https://www.chinapress.com.my/?p=3004679

https://www.facebook.com/255057814552667/posts/5980833671975024/

To those who are getting a loan or on a loan, here's the latest bank rates.

BNM decided increase 25 basis point. Economy recovery stage.

Monetary Policy Statement - Bank Negara Malaysia The BNM's Monetary Policy Committee at its meeting today has decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.00%.

Many home loaner assume that in 30years loan tenure, they will make their redemption after 30years when they pay accurately, promptly and on time. Is this the case? Hear us out...

Retired couple shocked to discover two-thirds of housing loan still owed despite 20 years of repaying KUCHING, Feb 21: After making regular repayments to their housing loan for 20 years, a retired couple were shocked to find out that they had only repaid one-third of their loan. The couple identifi…

Pressure is on Bank Negara over hikes of interest rates after fed announced increase of 0.5% point with improvement of economic condition and ongoing inflations. This is inevitable.

Economists: OPR increase is imminent after Fed’s largest rate hike since 2000 KUALA LUMPUR (May 6) : Bank Negara Malaysia (BNM) is expected to hike rates soon on improved economic conditions and inflationary pressure, said some economists on Thursday (May 5).

BNM announce interest rate will have revision on 3rd quarter this year. Projection of 2.x% increase. Ready to brace for impact. https://www.theedgemarkets.com/article/bank-negara-wait-until-third-quarter-raise-rates-%E2%80%94-poll

Opr still holding... https://www.facebook.com/101674206654888/posts/2127669364055352/

Most likely opr rise. Are you ready?

Maybank IBG sees Bank Negara raising OPR to 2pc this year as inflation hike likely | Malay Mail KUALA LUMPUR, Jan 4 — Bank Negara Malaysia (BNM) is likely to raise the overnight policy rate (OPR) towards the year-end on the back of expectation that inflation will pick up again despite risks of a new coronavirus variant weighing on growth, Maybank Investment Banking Group said today. A high.....

Property investment is not the same game plan as 20years before but it's still compulsory. Would your stay renting or keep buying?

Property as a key retirement asset is no longer true today? • kopiandproperty.com Property as key retirement asset is no longer true today? There was an article which went viral recently. It was shared to me in Whatsapp and I saw it again in Facebook too. This is the article in businesstimes.com.sg The article's title is: "Property may no longer be pot of gold for retirement, say...

Please watch out for news update on these few days. If interest and principal altogether added to your loan, you could loose more in long run. Please consider it wisely.