Videos by FIS Mortgage Saver in Kuala Lumpur. Smart Mortgage Loan Management- Your best loan consultant solution
Either personal loan or mortgage loan, impact of BR increase had left everyone with additional burden. Effect of BR increase is more severe than reduction. A nominal loan of 300k for example, 1% BR increase will increase additional interest of 100k, while reduction only reduce interest of 40k.
Is your property an Asset or Liability? Always well plan your risk management before investing.
Shorten your loan tenure and interest will reduce your risk.
While others paying 30 years, you can pay only 15 years and next 15 years will be 100% rental into your pocket, so you may retire early.
Either personal loan or mortgage loan, impact of BR increase had left everyone with additional burden. Effect of BR increase is more severe than reduction. A nominal loan of 300k for example, 1% BR increase will increase additional interest of 100k, while reduction only reduce interest of 40k. Is your property an Asset or Liability? Always well plan your risk management before investing. Shorten your loan tenure and interest will reduce your risk. While others paying 30 years, you can pay only 15 years and next 15 years will be 100% rental into your pocket, so you may retire early.
Property loan interest are at very bottom during this MCO....here is what happen, Many people opted for moratorium deferment and yet some continue payment... Infact bank still putting monthly interest in our loan and out debt are accumulating more daily. What if Interest rate return to normal after 2-3 years after Recovery period? The scary part is our loan tenure will much increase 5-10 years. YES...No Joke !! Does paying More or putting Lump Sump to loan account will help reduce the loan principal? YES it did, condition that interest rate is same. if you interested for a permanent solution for a debt free lifestyle before retirement please... Join our FREE 1.5 hours workshop ... https://wa.link/a067ti https://wa.link/a067ti