7 Things to Check Off the List Before Buying a House

So you’re thinking of buying a house. Maybe you want to raise your growing family in a spacious three-bedroom house or you want to make a long-term investment on a home in an up-and-coming neighborhood. Whatever the reason, you probably have a checklist of “must-haves” for the house of your dreams. But do you have a checklist of “must-haves” for yourself? The financial responsibilities and…

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6 Ways to Save for Down Payment

Saving money is, without a doubt, important when it comes to making the biggest purchase in our lives — buying a home. Even if you take out a home loan, you’re still required to pay some percentage of the sale price upfront. This down payment will determine how much you pay monthly for the mortgage; so the more you pay upfront, the less you struggle…

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Should You Be Concerned with MRTA and MLTA Insurance?

Let’s backtrack a little bit so we don’t get ahead of ourselves. What even are MRTA and MLTA? Well, they’re two different types of home loan insurance commonly offered in Malaysia. They stand for Mortgage Reducing Term Assurance and Mortgage Level Term Assurance respectively. Insurance for your life and your home are often talked about, but not many know about the ones you can get for…

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Home Loans 101

Congratulations – you’ve started planning ahead and have made the important decision to buy your first piece of real estate! That’s the easy part. The multitude of tasks that need to be prepared and completed prior to actually purchasing your dream house, like attaining a home loan or mortgage, can be a headache for anyone let alone a first time buyer. This is why we’ve…

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To Flexi or Not to Flexi: Which Home Loan is For You?

Many of us are aware of the fundamentals of a home loan — or any type of loan. You borrow money from the bank, you pay it back in monthly instalments over several years and you’re charged interest on the outstanding amount left to pay. We call this — a basic term loan. But did you know there’s something called a flexi loan? How about…

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The Home Buyer’s Cheat Sheet for Fees and Extra Charges

In an ideal world, buying a house means paying the seller and then bam. You’ve got a house. Unfortunately, it’s not that simple – there are additional fees, charges and taxes in play that are not always made clear. Consequently, consumers may not be aware of them. If you’re ready to purchase a new home but researching all these different costs makes you feel as…

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Do You Really Know the Difference Between Islamic & Conventional Banking?

For many people, the concept of Islamic banking is something that they know exists, but don’t quite know what it is. In this article we’ll first explain what conventional and Islamic financing are and how they’re different from one another. We’ll also talk about the benefits of both, particularly in the context of home financing. From there you can decide — which one suits you…

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