Lowyat.NET: Latest topics by MoneySoSpecial

How long time to settle your housing loan?

MoneySoSpecial — Tue, 15 Sep 2009 20:37:16 +0800

Please share how long time you take to settle your housing loan. Feel free to share any tips that can help settle the loan asap.

Maybe can share your experience in the following format:

Loan Amount:
Loan types: Flexi, semi flexi, terms
Types of ownership: Investment or own stay
Years spent / planned:
How many years left:
Tips, opinions to share:

For myself:
Loan Amount: RM 374,220
Loan types: Semi flexi
Types of ownership: Own stay
Years spent / planned: 10 years
Original loan tenure: 30 years
How many years left: 10 Just bought my house recently
Tips, opinions to share:
1. Use extra money for investment since the current interest rates is very low
2. Earn side income

If you planning to pay extra for the monthly installment (prepayment), you can calculate using Adjustable Rate Mortgage Calculator, the result will be amazing.
http://www.vertex42.com/ExcelTemplates/arm-calculator.html

Sample calculation with prepayment using Adjustable Rate Mortgage Calculator
How Long Time To Settle Your Loan “With Extra Payment”?

My Blog : Discuss about Malaysia Banking Products

MoneySoSpecial — Wed, 09 Sep 2009 00:14:08 +0800

Finally I created a blog to provide guides to Malaysia Banking Products, after a long time lazy. hehe

Feel free to comment about it and very appreciate any advice.

To know more about me:
http://moneysospecial.com/about/

My site main page:
http://moneysospecial.com/

My first question:
I already wrote 10 articles, but the traffic still very low, less than 10 per day.
Should I continue to write more articles or concentrate to promote my blog first?

Thanks!

[addedon]September 16, 2009, 11:42 pm[/addedon]Blog updated.

How To Prevent Credit Card Fraud
http://moneysospecial.com/credit-card/how-...dit-card-fraud/

Microsoft Certification Exams Offer

MoneySoSpecial — Thu, 03 Sep 2009 19:22:55 +0800

For those interested to take Microsoft exam, get up to 25% off for Microsoft Certification Exams now.

For more details, http://www.prometric.com/microsoft/careeroffer.htm

OCBC Ideal Mortgage

MoneySoSpecial — Wed, 26 Aug 2009 00:37:45 +0800

OCBC Bank Bhd launched the new home loan package called Ideal Mortgage for quite sometimes already. The idea is good but the response seems not so good.
What is your opinion to this package? Is it really "ideal" for the house owner looks for property loan?

Extract part of the information from my sites, for sharing here and start the discussion. This is solely my personal opinion.

MLR is currently set at 4.70%, while BLR is currently 5.55%.

Benefits of Ideal Mortgage:

- 2.5% fixed rate for first year, there after MLR -1.30 = 3.4%
- Short lock-in period – 3 years
- Low exit cost – Early settlement penalty is 2% of the approved loan amount or minimum RM 5K, whichever is higher
- Suitable for investor who aimed to sell the property earlier and maximum profit.

Drawback:

- Higher interest rate compare to others loan package. OCBC have a package which can offer up to BLR – 2.4 whole tenure, which is equivalent to 3.15 % (Loan amount > 300k, 5 years lock in, 3% early settlement penalty)
- The benchmark rate MLR still very new in market and it solely controlled by OCBC bank. No history records to proof the volatility of MLR against BLR. Major concern for most people.
- More suitable to investor and not for house owner as it cost higher.
- NZEC package (Non Zero Entry Cost)

List of credit cards in Malaysia

MoneySoSpecial — Tue, 25 Aug 2009 00:32:49 +0800

Hi all,

I have prepare the list of credit cards offered in Malaysia, categorized by the types of cards, range from classic to the highest for Visa & MasterCard.

I gathered this information by visit each banks website and check for their credit card. It might be some incorrect information gathered, please help to review and comment about this.

The review should be easy, for example if you have Maybank visa platinum card, so you can simply check the for Maybank & visa platinum, make sure it marked with "Y".
Very appreciate for your help on this.

Sources:
Credit Card List in Malaysia