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You might hear before from others; you can appoint two different lawyers handling the Sale and Purchase Agreement (SPA) and Loan Agreement (LA). Or is it better to appoint one law firm to do all? WHAT IS SALE AND PURCHASE AND LOAN AGREEMENT? When buying a property, you will need to appoint a lawyer [...]
Question For Housing Loan Eligibility. Hi there. I have a net 3000 salary. Basic is 3200, with an allowance of RM150. I wish to know am I eligible for a housing loan. This is my first home. The car loan is going to complete in 2 months. I have a PTPTN loan, which I'm [...]
Malaysia's Government always encourages foreigners to choose Malaysia as their second home, whether for a long-term stay, retirement, or investment purposes. The Government recently reduced the minimum price threshold from RM1million to RM600,000 for foreign property purchase with selected properties and projects. Foreigners are most welcome to buy and invest property in Malaysia; the [...]
We rarely encourage people to buy an auction property, and there is a reason for that. If a buyer has not been equipped with the right knowledge, an auction property can be tricky and complicated. On the other hand, an auction property can also be lucrative and a hidden gem. Well, there is no [...]
Question: If a husband and wife have a joint name for a shop that is still under the bank loan name, what will be the type of fees incurred if the wife wants to transfer the name and loan to the husband? Answer: Thanks for your question. Lately, we've had the privilege of working [...]
Question of the day. Hi, Let say I own a condo of 500K for three years, and it is still under loan repayment of 22 years. If I wish to transfer the ownership to my father, what are the fees, requirements, and other things I need to be aware of? Answer. Hi, [...]
Question of the day. Hi, I am British and own an apartment in Malaysia. I want to gift it to my brother, who is Singaporean. Is this possible? And would it matter if he is my half-brother? Answer: Hi, Thanks for the question. The answer is below. Based on the current guidelines, you can [...]
The price of the house that you can afford is based on your income and existing debts. EARNED HIGHER INCOME Generally, the higher income you earned, and the less debt you accumulate will increase the chances of loan approval. Usually, the rule of thumb and the safest way to calculate it is making sure [...]
The Short-Term economic recovery plan or in Bahasa Melayu is Pelan Jana Semula Ekonomi Negara was announced today (5 June 2020), by our Prime Minister, Tan Sri Muhyiddin Yassin. It's a 19 pages long speech that craft carefully and detailing all the economic recovery plan for Malaysia for the next couple of months. One [...]
Many people refinance for many reasons, I will share the common reasons why people refinance their property. 1) Expensive Interest Rates We can presume every year, housing loan interest rate become lower and lower because of the competitive market. If you have the existing housing loan for a long time and never adjusted your [...]
