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Client Question : We owned a house under our both names, my husband and I. The loan currently is under our both names. I want to remove my name from the property and loan. So, how can we do it? MHL answer: You have two ways to do it. ✅THE FIRST WAY. ????METHOD: [...]
MRTA VS MLTA 2023 If you are taking a home loan and considering buying mortgage insurance, which products will you choose? - Mortgage Reducing Term Assurance ( MRTA ) or Mortgage Level Term Assurance (MLTA) Some might say Mortgage Reducing Term Assurance ( MRTA ) as it's cheaper. Or some will prefer Mortgage Level [...]
( When buying a house or refinance your home) If you read my earlier article "How Much You Need To Buy A House In Malaysia?", You'll understand that buying a house will cost a lot. Based on the article, you will need about 17% of purchase price to cover all the costs. However, if [...]
Is there a big difference to buy a leasehold and freehold property? The obvious answer is always, Yes! Most times, when a Property Agent or Developer trying to sell a leasehold house to a customer, they will say, " nolah... not much difference. Leasehold and freehold same also.No need to worry, you will not [...]
Buying a house is a decision that you need to make a great deal sense and prudence. For all the Malaysians who are considering buying a house, here are Top 10 Tips To Avoid Being Cheated When Buying A House. 1. When buying a completed or subsale house, deal directly with registered property agent [...]
Question: Can I Transfer My Property To My Wife? Hi, I need to know what else I should do/procedure—currently, house under joint name between my wife and me. I want to transfer my 50% to my wife, and I believe stamp duty is exempted under transfer of love in the property. What else I [...]
Question: Hi, I have a house. The house is fully paid for. Now, I want to get financing for the home. What is the cost that I need to pay? And what is remortgage vs refinance? Answer: A remortgage is when your house has fully paid up, and now you want to get new [...]
How much can I afford? This depends on your income and other financial obligations. As a rule of thumb, most house buyers buy houses that cost 1.5 and 2.5 times their annual income. For example a house buyer earning RM40,000 a year would buy a house between RM60,000 and RM100,000. Furthermore, the monthly loan [...]
Client Question: Me & my wife plan to buy a property at BM, Penang, with price 435k , she is a 1st-time buyer but not for me, will entitle stamp duty exemption? Answer: Yes, there is. If the property value is RM435,000. You can apply for the stamp duty exemption Request your SPA lawyer [...]
If buying a new home is on your mind this year, it is critical to understand the property stamp duty and how you can get a stamp duty exemption, especially for a first-time house buyer. In this article – Stamp duty Malaysia 2023, we will dive deep into Stamp duty in Malaysia to better [...]
