Remind me not to invest in CIMB and Maybank also. As they seem more into CSR than bottomline. Look at the default rate of such scheme in other countries...
WTF the buyer own 20% of the property equity whereas the financer own 80% equity loh....!!
If lose monies....the 1st losses cover by the buyer 1st 20% downpayment. Above 20% losses the financer cover loh...!!
What if the property gain ??? The financer need to take 1st 20% gain based on 5% pa guaranteed....balance gain share 80% financer and 20% buyer loh...!!
The buyer is a sucker here loh...pay for legal fees, valuation fees etc...also guarantee financer 20% or 5% pa for their gain at the end only have 20% of the equity of the house loh...!! On the downside need to guarantee the financer, pay expenses and lose and lose the 1st homeownership tax exemption rights when he decide to dispose his 20% equity loh.....!!
I thought the scheme is suppose to help n protect the poor buyer loh ?? But end up taking advantage of the poor buyer loh....!!
stock raider....the terms are fair to all stake holders....everybody gets what is most important from their point of view........oh..and in a bad property market, the traditional mortgage guy loses more than his deposits.....the guy owes the bankers a lot of money besides......this is because in traditional mortgages, the bankers do not share in any losses........
very stupid for the house buyer loh....but u only own 20% of the house loh....but u guarantee 100% of the downside mah...!!
Don be a sucker loh....!!
Ask yourself what is ur objective to own a house that u ill afford leh ??
Posted by qqq3 > Nov 9, 2018 01:55 PM | Report Abuse
stock raider....the terms are fair to all stake holders....everybody gets what is most important from their point of view........oh..and in a bad property market, the traditional mortgage guy loses more than his deposits.....the guy owes the bankers a lot of money besides......this is because in traditional mortgages, the bankers do not share in any losses........
this product is suitable for a lot of people....every product has its own clientele......parents pay for 20%...no need to worry about installments for next 5 years.....just consider it as bridging finance until the guy earns more money in a few years....its a win win ......
and actually....why the dedication to mortgage for life? want to mortgage whole life away?
this scheme makes buyer believe they own the house, but actually they only own 20%! only 20%! minority equity! the master (landlord) is the investor (own 80%)
this scheme makes buyer believe they own the house, but actually they only own 20%! only 20%! minority equity! the master (landlord) is the investor (own 80%) ==========
the banker also owns your house until u fully pays off your mortgage........
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
27,004 posts
Posted by speakup > 2018-11-08 12:25 | Report Abuse
Yesssssss...... so we can all buy Damansara Heights bungalow for rm250k. Waiting for the malaysian subprime crisis. Yeah!