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Mortgage Reducing Term Assurance ( MRTA ) Vs. Mortgage Level Term Assurance (MLTA) 2023 – Which one is better?

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 [...]

What Is The Difference Between Remortgage And Refinance?

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 To Choose The Best Home Loan?

When it comes to home loan packages, we all want the best. Who isn't right? We will window shop from one bank to another to choose the best home loan package. If we can dream, I guess the best home loan package will be like this. We want the lowest interest rates in the [...]

Do you take MRTA when applying for a home loan?

Normally, people take MRTA when applying for a home loan. And why is that? If you do, I think you should read this post. When a borrower applies for a home loan with the bank, the bank will require the borrower to get an MRTA. In exchange, the borrower will get better interest rates. [...]


Hari ini ada seorang suami ingin bertanya mengenai Mortgage Level Term Assurance (MLTA). Dia ada membeli sebuah rumah pada tahun 2016 dan mengambil pinjaman perumahan dengan salah satu bank tempatan. Semasa membuat pinjaman perumahan, dia ada juga mengambil Mortgage Reducing Term Assurance (MRTA) bank. Kebelakangan ini jiran sebelah rumah telah mengalami musibah. Suami jiran [...]

Why is Fire Insurance Important?

Home is where the heart is. It's also a huge investment, so make sure to protect it. If you own a property such as a condominium or an apartment, the developer or building management will buy master insurance to cover all the units. This insurance is called FIRE INSURANCE. UNDERSTANDING OF FIRE INSURANCE The [...]

哇!快学起来!大家必知! MRTA vs MLTA 的分别

MRTA vs MLTA 分别 MRTA MLTA 不辛事故发生(死亡或终身残废), 保额是直接赔给银行。 不辛事故发生(死亡或终身残废), 保额是可赔给指定受益人。 保额根据贷款而减少。 保额保持。 不能转移(再融资Refinancing 或第二间屋子) 可以转移(再融资Refinancing 或第二间屋子) 保费是一次过給的。一般是算在跟行貸款,但需要給利息。 保费可分期如年,半年,三个月或每个月。 没有现金价值(Cash Value), 半途断保, 可能拿回退保价值(Surrender Value), 视公司条款而定。 有现金价值(Cash Value) 。 可提早领取退保价值(Surrender Value) 来提早还清房屋贷款。 (有些MLTA的退款保价值是有保证的) 保障-借款人自然死亡/病逝和终身残废 *没包括36种疾病 保障-借款人自然死亡/病逝和终身残废, *可以追加36种疾病(相对的保费也会提高) 收益人- 银行 收益人-可以放家人当收益人   保费较低 保费较高   If you think this is helpful, feel free to share it [...]

MRTA Conversation With A Bank

Ms. A: My husband passed away, he bought a house and took a loan with your bank. He also bought MRTA. Bank: Oh okay, let me check. (clicking the computer). Bank: Yes, he took a loan with us. Let me check the MRTA. (After a while...) Ms. A, the MRTA is not enough to [...]

HomeTIPS Insurance Covers Unemployment Benefit For House Buyers

IJM Land and Allianz Malaysia have partnered up to roll out a new kind of Insurance scheme called HomeTIPS for homebuyers. The collaboration enables Allianz Life Insurance and Allianz General Insurance Co to underwrite three insurance plans for IJM Land homebuyers for 36 months from the date of signing of the sales and purchase (S&P) [...]

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