Lowyat.NET: Latest topics by Zarth

What do you guys think about Fixed Rate Loans?

Zarth — Tue, 17 Feb 2009 11:49:28 +0800

Dear forumers,

How does everyone think of Fixed Rate Home Loans?

AIA just launched some amazing new knockout rates from as low as 4.99% Fixed the entire tenure!

Check out the link below for more info.

http://realestate.net.my/forum/viewtopic.php?t=10154

I'd say its an amazing offer for anyone looking at a 10 years and above loan tenure.

Let me know what you guys think.

Best Regards.

FD Alternative - AUD Savings Plan

Zarth — Tue, 22 Apr 2008 02:16:05 +0800

Dear forumers,

Though the current FD rates of average 3.7% is safe, but it is sound to keep all your hard earned money there as inflation alone is eating more into it than before?

Is there a solution that does not subject your money to high risks?

Consider AUD Savings Plan as the alternative place to park your savings especially if you plan to send your children to study in AUS in the near future.

Its basically a short 3 year Guaranteed plan with interest of 7.5% 1st year, and 5.75% in the 2nd & 3rd year, compounded over 36 months which equals to a 120.22% Guaranteed Returns plus capital. It averages about 6.74% p.a.

Why AUD? Basically because its one of the sixth most trade currency. There has been double digit growth on house pricing. A strong capital inflow due to increasing interest rate and commodity prices as well as record low of unemployment. Hence currency fluctuation risk is min with good upside potential.

Also comes with Accumulation Option or Payout Option.

More info can be provided should anyone is interested.

Thanks.

Best Regards.

PS: Just thought I'd do some sharing for those interested. Kindly remove the post if its in violation of the rules.

AIA's 5 New Home Loan Packages

Zarth — Thu, 04 Oct 2007 01:30:20 +0800

Posting up this info for existing and new home owner,

AIA just revised 5 New Home Loan packages for the month of Oct 07 in line with the Raya Celebration for Limited Offer period only.

Here are the newest rates.

Package 1 : 5.75% Fixed up to 30 years, (NZMC) *
Package 2 : 5.50 fixed for first 5 years, thereafter 6.25% fixed, (NZMC) *
Package 3 : BLR -2% for first 2 years (Landed) or first 3 years(Non-landed), thereafter 5.99% fixed (NZMC & Approved Under Construction Props only) *
Pakacge 4 : 5.99 fixed up to 30 yrs (ZMC) *
Package 5 : 5.99 fixed up to 30 yrs (NZMC) *

* Current BLR (Base Lending Rate) as at October 3, 2007 is at 6.75% p.a. as per Maybank's BLR and it is subject to change.

Also available, AIA Shop Loan at 6.48% fixed up to 20 years.**

* Min loan 200k above for Packages 1-4, Min loan 100k above for Package 5.

* Zero Moving Cost covers valuation fees, professional legal fees, stamp duty, discharge and disbursements (such as registration fees, land office and bankruptcy searches). Other fees such as administration charges by developers, etc are excluded.

* There will be a prepayment fee levied should the loan be refinanced within 5 years from the date of 1st drawdown. Prepayment is waived if settlement or partial settlement is from own savings, EPF or sale of property. (Package 4 with ZMC is excluded from the waiver if full settlement)

** Other terms and condition applies.

PM me or email me at tzeyean82@yahoo.com for more details.

Thanks. Best Regards.

Reducing your Monthly Loan Instalment?

Zarth — Sat, 22 Sep 2007 03:22:06 +0800

Hi guys,

With the subprime issues in the US and upcoming UK, many homeowners are facing difficulties in servicing thier loans and such. There could be many reasons why they default in thier loan, one of the reasons could be the rise of interest rates and inflation. Fluctuating interest rates may exhaust your financial resources as an increase in monthly instalments can be a burden especially when other costs of living are on the rise too. Although some financial institutions do not increase your installments, when the interest rate rises, the duration of the loan is extended as your installments are insufficient to cover the increased monthly interest which will eventually increase your principal loan outstanding.

Hence, would you guys be interested to know more on how to lower down your monthly instalments with a Pure Fixed Rate Home Loan Package? Now is a good time as the rates are at its lowest indicating an uptrend over the long run. Just provide me with the details below. Also applicable for new purchases of completed properties and selected under construction properties.

1. Current Monthly Instalment you're servicing.
2. How long have you been servicing the loan and How many more years to go.
3. Initial Loan amount and Current Outstanding Loan amount
4. House address, purchase price and estimated current house value.

Just drop me a pm with the above info or email me at tzeyean82@yahoo.com and I'll get back to you asap with some quotes on how to lower down your instalment.

Also, here's a few helpful links for those interested to know more about how Fixed Rate Home Loan works.

Fixed Rate Home Loan Faqs
Guide to Choosing a Home Loan

Thanks, Best Regards.

PS: Mods. Kindly delete this post if it violates any T&Cs for posting. Thanks.

Alternative to FDs?

Zarth — Sat, 16 Jun 2007 16:02:12 +0800

Hi, I am just wondering how do fellow forumers feel about capital guaranteed accounts as an alternative to FDs?

According to a recent article in The Star, it is stated that the government puts inflation rate at 3.2% to 4.8% but in urban areas, that figure is actually about 6%.

Most banks nowadays offer thier 12 months FD rates at only 3.7-3.8%, which means you are actually losing out if you factor in inflation costs.

Recently there are a few plans out there in the market which offers higher potential returns of 6-8%, while guaranteeing your capital. Meaning you won't lose your capital should the economy tumble.

One of the catch of such plans is that you're required to lock in your money for 3 years.

Personally I feel these plans are really a bargain for those who do not want the risk of losing thier initial capital if they invest in UTs or Shares.

Tell me what are your opinions and if you are interested to know more info on the plans drop me a pm and we can discuss more about it. Thanks.