Lowyat.NET: Latest topics by Systron

How retailers offer immediate 6% GST rebate in May

Systron — Tue, 22 May 2018 13:04:27 +0800

I am seeing many retailers like Nissan, Watsons, La senza offering immediate 6% GST rebate starting in May.

How do they offer rebate like this? Wont they lose money rebating 6% GST to customers?

Forex Group - KBFX

Systron — Sun, 07 Aug 2016 18:34:06 +0800

One of my long time friend joined KBFX not long ago. Is this group legitimate? I am worried about him.

Pros and cons of High floor vs Low floor

Systron — Sat, 06 Aug 2016 11:46:39 +0800

What are the pros and cons of high and low floor?

Low floor had always been taken up very quickly during new project launching possibly due to lower asking price.

Should I borrow 70% loan or 100%?

Systron — Thu, 04 Aug 2016 19:35:59 +0800

Hi,

First time house buyer here in the process of applying loan from banks. I received two offers here from different banks

a) 70% loan at a lower interest

b) 100% loan (based on s&p selling price) at 0.08% higher interest

To purchase this home, I originally intended to borrow only 70%.

The banks told me any additional payments that I made will reduce my principal amount instead of "advance for interest payments".

Besides, the banks also said that withdrawal of additional payment is possible.

If I opt for package A, my loan installment will be slightly lower.

If I opt for package B, I could borrow 100% loan and put in the original 30% downpayment as additional payment to reduce my installment. Moreover, I have the flexibility to withdraw the additional 30% payment for other uses in future.

My question is are there any caveats if I opt for package B?