Title: 40 Questions You Should Ask Your Lawyer Before Applying A Housing Loan In Malaysia
In most property transactions in Malaysia, it is inevitable for the purchasers to use financing to purchase the property. Housing loans are one of the cheapest forms of loans from a bank that anyone can get. Yet there are a lot of unanswered issues when one deals with banks, including what type of housing loans are available, what is interest rate, why one bank offers different housing loan products from another, what is fixed-rate housing loan, semi-flexi housing loan and flexi housing loan and various other questions relating to housing loans.
Help you understand the types of housing loans and the institutions offering them
Explain what is conventional housing loan and Islamic housing loan; and the documents involved when taking either one of these loans
Explain the issues of early settlement, lock-in period, rebate and penalty
Explain what are margin, valuation and tenure
Unravel the mystic of how a housing loan is processed, the yardstick for credit check in Malaysia such as CCRIS and CTOS
Explain the law in charging a property to a bank and discharging the property from a bank
Summarise the whole transaction of purchasing property using a housing loan with infographics
About The Author:
Khairul Anuar published 40 Questions You Should Ask Your Lawyer Before Buying A Residential Property in Malaysia in 2010 and 40 More Questions You Should Ask Your Lawyer Before Buying A Residential Property in Malaysia in 2013. Both books are bestsellers as they simplify how a layman, who is interested in buying a house, should deal with lawyers. Now, Khairul thinks that it is time for the public to know what lawyers have known all along when it comes to housing loans. This is because other than being a lawyer, Khairul is also a Certified Islamic Finance Professional (CIFP) with a degree from International Center for Education for Islamic Finance (INCEIF). His experience and credentials are enough for him to help the layman understand what a housing loan is all about.
40 Questions You Should Ask Your Lawyer Before Applying A Housing Loan In Malaysia