Housing Loan -- fixed rate 4.99% for 30 years ( for limited time only)

by Richtec Wealth Management
(Johor Bahru)

Bank Negara raised interest rate for 3rd time in 5 months this year.
BLR has increased from 5.55% to 6.3% since March 2010. Is this the end of rates hikes?

Apparently not by RHB Research…
they expect that Central Bank will raise the rates again early part of 2011 by another total of 50-75 basis points!

How will this impact you???

Facts To Ponder
Do you know realize:-
-An increase by 0.50% can extend your loan by 5 1/2 years (Extra RM114,771 instalments) *
An increase of 1% can increase can extend your loan to 17yrs 10months (Extra RM366,582 instalments)*
* Based on RM300K loan for 30 years with instalment of RM1713 at BLR (BLR from 5.55% to 6.05% & 6.55%)
Currently a bank can fixed a 30 year loan at 7.50% and a 10 year fixed rate at 6.05% before this rate increase. How about 4.99% fixed for 30 years?

With so many uncertainties, BLR increase, subsidies cut, rising prices, implementation of Goods Service Tax, increasing inflation, uncertainties in the global market…...

SECURE YOUR FINANCIAL FUTURE WITH FIXED RATE HOME LOAN and enjoy the benefits of the following:-

1) Financial Stability with Fixed Rates and Fixed Repayment! (No BLR)

2) Flexibility to settle, prepay anytime with no penalty (excluding refinancing)

3) Generates guaranteed cash savings, investment returns and mortgage protection

4) Daily interest computation.