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Many of the frequently asked topics are stamp duty on property transfer between family members. So, we hear you, and today we're going to do some revision on the subject. Mostly, people are concern about the property stamp duty and the cost of doing property transfer. In Malaysia, we are allowed to transfer our [...]
The changes in Refinancing Home Loan Margin will be felt by many homeowners when they try to dip into their homes equities during refinancing. People do refinancing all the time. Mostly because they need money quickly, and nevertheless, they want a loan with low-interest rates. The reason for Refinance can be varied from [...]
If buying a new home is on your mind this year, it is critical to understand the property stamp duty and how you can get a stamp duty exemption, especially for a first-time house buyer. In this article – Stamp duty Malaysia, we will dive deep into Stamp duty in Malaysia to better understand [...]
Question: Hi, what would the property stamp duty fee be if it includes stamp duty exemption for purchase price RM500k and RM550k? Thanks in advance. Answer: Hi N, thanks for the question. Here is The Property Stamp Duty in Malaysia scale. For the first RM100,000, 1% From RM100,001 to RM500,000, 2% From [...]
Mary has a house with a market value of RM550,000. She wants to refinance and get the maximum cash out from the Refinancing but can she do it? Let us calculate her Refinance Home Loan Eligibility. Mary is a Human Resouce Executive with a company in Cheras, KL. And considering everything that is happening [...]
I believe in reading all documents signed. Notably, the one that has only less than ten pages to read. So, today I want to share my understanding of the Bank's letter offer with you. Bank Letter Offer is the document that you sign right after your bank loan is approved. After approval, the banker [...]
( When buying a house or refinance your home) If you read my earlier article "How Much You Need To Buy A House In Malaysia?", You'll understand that buying a house will cost a lot. Based on the article, you will need about 17% of purchase price to cover all the costs. However, if [...]
1.You have to do a Perfection of transfer (POT) and Perfection of charge (POC) when the strata or individual title is issued. 2. Previously, If you bought a master title property from a developer or an owner, you need to do a POT and POC after a few years when the title is issued. [...]
Most of the time, people refinance their homes when they need to settle their debts, business capital, house renovation, children's education, and many more reasons. And one of the questions people always ask- Is now a good time to Refinance Your Home? Well. It's totally subjective. Before you make any move to refinance your [...]
Welcome back to another article about refinancing a home loan. This week, we will talk about Things You Need To Know Before Doing Refinance Home Loan. Typically, people doing refinance to settle their debts and get some cash out from it. But, before you go ahead with a refinance home loan, we would suggest [...]
