Mortgage Interest Management

16/06/2022

Sad story of another Never Ending Loan...😭

Elderly couple will soon be evicted from their house. After paying bank for 10 years, turn out they have only paid the interest.

Their mortgage was RM55,000 with monthly instalment of RM400. Skip to the present day, a total of RM48,000 has been paid. But just when they thought they were about to finish paying off the mortgage, the bank recalled the loan and auctioned the house following a default.

After an investigation, the elderly couple realized that most of the mortgage payments they had paid in the past 10 years were interest payments and only 20% of the principal.

The plight was brought to the public’s attention by China Press and later picked up by the rakyat post

Their mortgage is RM55,000 and the monthly instalment is RM400.

06/07/2021

https://www.malaysiakini.com/news/580945

UPDATED 5.30PM | I have asked the banks, no compounded interests, no penalty, Zafrul says.

08/05/2021

https://www-nst-com-my.cdn.ampproject.org/v/s/www.nst.com.my/amp/business/2021/05/688316/bank-negara-expected-keeps-opr-175pct?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D =16204675615987&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.nst.com.my%2Fbusiness%2F2021%2F05%2F688316%2Fbank-negara-expected-keeps-opr-175pct

KUALA LUMPUR: Bank Negara Malaysia has maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its Monetary Policy Committee (MPC) meeting today.

05/05/2021

It's time to look back up the issues about our mortgage loan..... get insight info by read below article..

The word COVID-19 has become a household name for hardship and suffering to many people around the world. On top of that, it also affects home loans in Malaysia.

07/04/2021

Pls take note.....

Moganah alleges her bank raised her home loan interest without due notice.

04/11/2020

Hi friends,

My mentor, Jessica Jong, who has paid off her first property in 3.5 years will be conducting a webinar on How To Pay Off Your Mortgage Fast @ 如何迅速还清房屋贷款. I would like to invite you to join me to attend this webinar together.

WHAT WILL YOU LEARN?
✅ Discover how you can pay off your mortgage in 3 years
✅ How to OPTIMISE your $$$ to have MAXIMUM SAVINGS

May I know which session would you like to attend? I shall register for you.
💫 Session 1 (中文): 8/11(SUN) 3.00PM till 10.00pm; or
💫 Session 2 (ENGLISH): 15/11 (SUN) 3.00PM till 4.30pm ;

***CALL and WHATSAPP at 011-655 30802 for FREE webinar*** OR pm at the comment box

***Please state your name, contact no and session you would like to attend to reserve your place as it is limited. ***

See you there

18/09/2020

If you are buying a home this year, congratulations!

But first, do check if you are financially healthy enough to get your home loan application approved. One of the biggest factors for banks to decide whether to approve your mortgage loan application is your financial health.

My mentor, Jessica Jong is honored to be invited as a guest speaker at the upcoming Stay-At-New-Home Virtual Fair 2020. She will be sharing on To Get Your Mortgage Loan Approved.

Join us on 27 September, 3pm at https://virtualfair.starproperty.my/

See you inside 😉

Mortgage Interest Management


https://youtu.be/tMJk8ZTcgnQ

Catch Jessica Jong at 3.00pm on 27 Sept at StarProperty Stay-At-New-Home Virtual Fair 2020 Website: https://virtualfair.starproperty.my/

10/09/2020

Sources :

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 1.75 percent.