Friday, March 18, 2011

Do a Mortgage Health Check on your Housing Loan Today

How does a Mortgage Health Check Benefit You? If you have a home loan with other banks, come and see us with your loan statement and offer letter and see how you could: 1) Settle your home loan earlier 2) Pay less rather than more for your instalments 3) More certainty to your financial planning Don’t get caught up in a financial maze like…… Did you know that many banks do not revise their instalments even when interest rate fluctuates? What is the impact to you when BLR hiked from 5.55% to 6.30% this year? Consider this:- A. BLR increase by 0.75% can extend your loan tenure by 10yrs 2mths. (Extra RM208,986 in instalments). B. BLR increase of 1.25% can extend your loan tenure by 42yrs 1mth. (Extra RM865,065 in instalments). * Based on RM300K loan for 30 years with same instalment of RM1713 at BLR 5.55% . (BLR from 5.55% increased to 6.30% & 6.8% respectively). Be wise financially and don’t get lost! Get a Mortgage Health Check now. e-mail: fungnt@gmail.com

No comments:

Post a Comment