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Today, someone asked Can you guarantee to get a stamp duty exemption for first-time house buyer?We said, "Nope, we can't guarantee it."And he goes on and on about, someone can guarantee it.Now, maybe he doesn't understand the process of getting the stamp duty exemption. It is not up to the lawyer, bank or even us [...]
Hi Melissa, I bought an apartment in year 1998 directly from the developer. Recently, I received a letter from liquidator requesting me to assign my own lawyer for POT. Stamp duty should be calculated from purchase price or market price? Some lawyer quote me from purchase price, some by market price! Answer : [...]
The difference between CCRIS and CTOS report is the information provided by both reports. CCRIS report has limited information provided and limited to all the loans provided by the banks in Malaysia. The CTOS report has a more comprehensive range of information that includes all the information in CCRIS, some other telecommunication companies, water [...]
Home is where the heart is. It's also a huge investment, so make sure to protect it. If you own a property such as a condominium or an apartment, the developer or building management will buy master insurance to cover all the units. This insurance is called FIRE INSURANCE. UNDERSTANDING OF FIRE INSURANCE The [...]
We all want to get the best Home Loan package. And it can be done through a simple understanding of own desires. I love the topic of Home Loan, but let's be honest, it gets overwhelming sometimes. Articles tell us to choose based on interest rates; the lowest the interest rate, the better it [...]
Question: Can I Transfer My Property To My Wife? Hi, I need to know what else I should do/procedure—currently, house under joint name between my wife and me. I want to transfer my 50% to my wife, and I believe stamp duty is exempted under transfer of love in the property. What else I [...]
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, [...]
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 [...]
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 [...]
An increase of Real Property Gain Tax in the year 2019 & 2020 impacts a lot of property investors or property owners. Especially when you want to sell your property and have to oblige paying Real Property Gain Tax even after five years. Regardless of what you think, let dive deep into this chapter [...]
