Home Loan Calculator

A blog that will helps you achieve your dream house.

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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.

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

Malaysia Mortgage: Mortgage Guide for First Timers

Are you having a hard time in purchasing your dream house? Are you afraid trying to have loans because you do not know what to do? Well, here’s a Mortgage Guide that fit for first timers.

First timers would be asking what is mortgage and how will it help them to purchase their dream house. I should discuss what is mortgage first; according to wiki, mortgage loan is a loan that is secured by real property through the use of a mortgage. It also said that a home buyer (which is you) can obtain financing either to purchase or secure against the property from a financial institution. Like any other types of loans, mortgages also have an interest rate but scheduled to amortize over a period of time. It is usually set to 30 years.

So now that you know the definition of mortgage I should be explaining how to find the right mortgage loan for you. I would say that finding the right loan that will suit for you is just like driving. Maybe you might be asking why is it similar in finding the right loan from driving a car. Because as you drive your car in streets, you might encounter different kinds of situations like:

  • Busy Road: If you will enter this path, most likely you will incur more fuel expense. People usually find alternate route. It is same goes with finding the right mortgage; sometimes you will find lenders that have high interest rates. It is better to find another lender that will give you much tolerable loan package.

  • Bumpy Road: When entering a bumpy road, sometimes your car will have damages depending on how bumpy the road you take. It is same with finding the mortgage loans; when signing up for mortgage loans you should read carefully the contract because some lenders with low interest have a balloon loan wherein you will pay more money as the loan mature.

  • Smooth Road: After those fuzzy routes, you will eventually find the right route for you. It is the fastest and convenient way to travel. Same goes with mortgage, after a long tiring search you will eventually find a suitable mortgage loan for you.

Now that you already knew the basic mortgage guides for first timers, you should know by now that there are many lenders out there that offer mortgages that suits for you. Just go and canvas to each one of them and compare their prices and always check every document that you will be signing.

Visit Malaysia Mortgage.


  1. Adrian said...

    Do not want to get confused over the complexities of such loan calculations. When I know there are certain countries which help people with Grants then we should avail them to good effect. But we do need a clearer understanding of securing them for ourselves.

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