This is probably goes against the conventional advise, after all, buying insurance is always a view as a responsible undertaking and a good thing. So why not? Insurance is expensive and is easily overpay. Sometime insurance is necessary and sometime it just simply not worth the money. Below are some of the insurance that you […]
Put it simply, the choice of housing loan type is largely depends on how long one planned to stay in the newly acquired property.
But first, let’s go through some housing loan or mortgage basics.
Housing loan basics
All mortgages are for a finite period of time, known as term (MAA has a 100-year loan). Most mortgages have […]
In Part 1, Jason took a RM10,000 personal loan for 36 months at 8.5% flat rate per year. He thought the rate is a good bargain as he is paying 0.71% per month. However, unbeknown to him, his actual monthly interest rate is 1.28% and the annual rate is 15.4%, much higher than what was […]