Home Loan Calculator

A blog that will helps you achieve your dream house.

About The Blog...

Home Loan Calculator is a tool that helps you calculate your maximum loan. Home Loan Calculator blog is the same as Home Loan Calculator. At Home Loan Calculator Blog, it serves as a tool that will help people who wants to purchase their dream house through home loan specially in Malaysia.

Quote of the Month...

"A house is made with walls and beams. A home is made with love and dreams." Author Unknown

Things you should consider to avoid Home Loan Fraud

Home Loan Fraud

A lot of people every year have been victims of predatory lending or loan fraud. These people usually are the misinformed home buyers, first timers, and senior citizens that are mostly been targeted by predatory lenders. Here are some tips or things to consider for you to avoid Home Loan Frauds.

1. You should take your time to canvas around. Canvassing and comparing prices may take a lot of your time but it is worth it. It is like going shopping, there is always the best deal for you. If a lender is trying to tell you that they are your only chance to get your own home, you better to think twice or yet turn them down because they are the ones who will most likely the predatory lenders.

2. After canvassing from multiple brokers or lenders, you could access yourself whether you are being charged in a fair interest rate based on your credit history, and not by your nationality or race.

3. Always read the content of a sales contract or loan documents before signing. Make it sure that the content is true and do not sign any contracts or documents that are blank. They might put something that you might regret afterwards.

4. Double checked the costs and loan terms if it is the correct data that you have originally agreed to before closing and deals with a lender.

5. Do not lie or choose to lie about your current income, expenses or even your available cash for your down payments for you to get a loan. If you can not really afford to loan, do not insists in purchasing it otherwise you will be paying up

6. Interest only payments, steep pre-payment, and balloon loans have the highest risk loans so better be careful in dealing with this type of loans.

7. In dealing with lenders, do not be open to them specially your in need of cash due to medical, unemployment or even debt problems. You are the favorite target of predatory loaners because you are very vulnerable.

8. Always check whether refinancing your home equity over and over again will give you more benefit otherwise do not refinance because it will only lead you to paying the double of your normal interest rate.

9. Anyone can be a victim of false appraisals, so beware of it. Always read carefully on whatever contract you will sign up.

10. List down and compute all your monthly finances. This will help you know your maximum amount you can loan; here is a maximum home loan calculator that will help you calculate your estimated home purchase price that will be based on your current income and debts. Always bear in mind that do not let them convince you to borrow more that you could afford to repay, it will only increase the risk of losing your precious house and all of your money you put into your property.

These are only some of the preliminary precautions to avoid Home Loan Frauds, for better security and planning ahead of your home loans visit Home Loan Calculator Blog or if you are ready to purchase your dream house in Malaysia click on Malaysia Home Loan or key in http://www.fiscal-wise.com.my/ to your favorite browser.


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Tips for first time home buyers

malaysia home loan

Most people in Malaysia often engage easily in home loan specially if their dream house is right in front of them waiting to be bought. This is a short walkthrough for the first time home buyers that might consider taking the famous Malaysia Home Loan.

Step 1: Always review your finances

Before engaging in home buying process, you should analyze first whether you are capable in purchasing your own house. You could use the maximum loan calculator; this will help you calculate an estimated home purchase price based on your income and debts.

Step 2: Choose the best home loan plan for you

After identifying whether you are capable to purchase your own house, your next step is finding the right home loan guide plan that is suited for you. Finding the one that is best for you will depend on many factors, such as the how much you can afford to pay up, and etc. But no worries, there is another way that can automatically calculate and advice you on which home loan plan that is suitable for you to own your very own Malaysia Property.

Step 3: Choosing the right types of Malaysia Property

There are 3 types of property markets in Malaysia.

· Open Market

These properties can be sold to anybody. It covers all residential and commercial Malaysia property.

· Restricted Market

These properties can be sold only to certain person for example: Malay Reserve Land, a land only sold to Malays. , Land in Kelantan , a land only sold to Kelantanese.

· Controlled Market

These properties are controlled by law and the landlord cannot demand a higher rent for his tenant.

Step 4: Visit Fiscal Wise

When it comes to Malaysia Home Loans, there is no better place to go rather than Fiscal Wise. It is a firm of Mortgage Consultants that you could help you learn many things about home loans in depth plus they can give you the right home loan plan that suits for you.

For more information visit http://www.fiscal-wise.com.my or if you are ready to apply just click Malaysia Home Loan.


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