As home values rise over the years, more Malaysians are sitting on equity in their homes without knowing it. This is great news for homeowners, but how can one leverage on this to improve their finances?
Will first-time homebuyers benefit from it?
The Ministry of Urban Wellbeing, Housing and Local Government said that a maximum loan interest of 6% is considered a fair rate for the developers’ home financing scheme.
REHDA is suggesting that the Ministry of Urban Wellbeing, Housing and Local Government offer the property developers’ home loan financing only for purchase of properties below RM500,000.
Property developers with moneylending licence can offer financing for homebuyers with interest rates capped at 12% p.a. for borrowers with collateral, and 18% for ones without.
The Government has announced that developers will be able to offer 100% financing to residential property buyers. But what are the implications to the buyers and the industry?
In today’s economy, retrenchment is increasingly common. Here’s how you can protect your home with a new free home buyer’s protection option.
The Base Rate system has replaced the Base Lending Rate as the main reference rate for retail floating rate loans. Read on to find out how Base Rate works.
We find out what are the major differences between freehold and leasehold, and how it can affect your property buying decision.
As the economy tumbles and loan rejection rates soar, more and more developers are seeking new and creative way to sell off their property units.