Those who wish to sell or let his or her Cascadia in Gurney, Penang, pls contact us soonest possible. Ready buyer is awaiting for you.
Friday, January 4, 2013
Vantage Desiran Tanjung Wanted
Those who wish to sell or let his or her Vantage Desiran Tanjung in Tanjung Tokong, Penang, pls contact us soonest possible. Ready buyer is awaiting for you.
Taman Desa Relau 2 Wanted
Those who wish to sell or let his or her Taman Desa Relau 2 in Relau, Penang, pls contact us soonest possible. Ready buyer is awaiting for you.
Income limit eligibility for My First Home up to RM5,000
KUALA LUMPUR: The income limit of individual borrowers for My First Home Scheme (SRP) will be increased from RM3,000 to RM5,000 per month effective January 2013.
This enhancement was one of the SRP’s eligibility criteria slated for improvement under Budget 2013’s announcement last year, Cagamas SRP Bhd said yesterday.
For joint borrowers, it said the income limit had been increased up to RM10,000 per month, subject to the individual borrower’s income not exceeding RM5,000 per month.
“In addition, the requirement for a savings record equivalent to three months installment and minimum employment of six months will be abolish,” Cagamas SRP said.
It said the scheme allowed homebuyers to obtain 100% financing from participating banks, enabling them to own a home without having the need to pay a 10% downpayment.
“Cagamas SRP will guarantee the initial 10% of the loan under the scheme,” it added.
Cagamas was mandated in 2011 to play an active role of helping young, working Malaysians in the private sector to own their first homes under the SRP. — Bernama
Standardised housing loan agreements help consumers
KUALA LUMPUR: The standardised documentation adopted by banks for housing loan agreements with effect from Jan 1 will enable consumers to make more direct comparison of financial products and services offered.
Association of Banks in Malaysia (ABM) executive director Chuah Mei Lin said 13 local members of the association had adopted the standardised template from Jan 1 while five other foreign banks were expected to roll out the standardised template by the first quarter.
The 13 council banks of the ABM have also adopted a standardised template for the description of key terms and conditions in respect of housing loans or home financing agreements for individuals involving RM500,000 and below.
The standardisation initiative is a collaborative effort between Bank Negara, Special Task Force to Facilitate Business, ABM and commercial banks to enhance the efficiency of the banking industry.
“With standardisation, commercial banks aim to present key terms in a manner which is consistent, clear and easy to understand,” Chuah said during a media briefing yesterday.
She said the key aspects of the standardised template encompassed principal sum/loan amount, description of property, payment and calculation of interest, interest and lock-in-period, repayment and prepayment, conditions precedent, security documents and events and consequences of default.
“For the purpose of determining the principal sum of RM500,000 and the applicability of the standardised template, only the loan amount to be applied towards the purchase price of the residential property is to be taken into account,” she said.
The loan or financing, she said, could be extended to cover renovation costs, mortage reducing term assurance or other such insurance premium as might be permitted by the banking institution and legal fees incurred in connection with the purchase of the property.
“Based on a survey conducted last year on ABM's 13 council banks, 80% of the banks' straight-forward housing/mortgage portfolio are RM500,000 and below,” she said.
On the approximate number of days required to process a straight-forward housing loan application of an individual with a good track record, she said that depending on the bank, a good turn-around time barring any unavoidable delays would be 55 days from the day the application was made to disbursement. - Bernama
Thursday, January 3, 2013
Gurney Paragon Wanted
Those who wish to sell or let his or her Gurney Paragon in Gurney, Penang, pls contact us soonest possible. Ready buyer is awaiting for you.
Gurney Beach Wanted
Those who wish to sell or let his or her Gurney Beach in Gurney, Penang, pls contact us soonest possible. Ready buyer is awaiting for you.
Please click here to contact us, Penang Property. Thanks
Please click here to contact us, Penang Property. Thanks
Sri Pangkor Wanted
Those who wish to sell or let his or her Sri Pangkor in Gurney, Penang, pls contact us soonest possible. Ready buyer is awaiting for you.
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Please click here to contact us, Penang Property. Thanks
The Regency Wanted
Those who wish to sell or let his or her The Regency in Gurney, Penang, pls contact us soonest possible. Ready buyer is awaiting for you.
Please click here to contact us, Penang Property. Thanks
Please click here to contact us, Penang Property. Thanks
Silverton Wanted
Those who wish to sell or let his or her Silverton in Gurney, Penang, pls contact us soonest possible. Ready buyer is awaiting for you.
Please click here to contact us, Penang Property. Thanks
Please click here to contact us, Penang Property. Thanks
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