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junetoo
12-08-2006, 12:46 AM
Hello everyone!

It has been a long long time since I last log in...Had missed out a lot of fun here. hehe
Recently I came across this http://www.mortgagereduction.com.my/ mortgage reduction topic...was wondering has anyone taken this before? Last time the author used to sell in ebook, I think. how does it help?

I am very curious as I start to pay my first house mortgage already....
Just trying to save some money here... :D

Hope anyone can advice.

Thanks!!!

Junetoo

junetoo
12-08-2006, 01:06 AM
http://www.mortgagereduction.com.my/seminar/


I am not doing advertising here...just want to know if anyone learn bout this and advice on the topic...does it really helpful?

Thanks

joker2107
12-08-2006, 02:15 AM
u can only reduce your interest expense if u have extra cash or cash equivalent assets. thats a fact. no spare cash, no savings.

its all a matter of how one works out spare cash to be. ppl who live from hand to mouth always claim they will not benefit from interest saving schemes cos they do not have extra cash. but reality is the unspent cash in hand from pay day IS spare cash which can be used to save on interest until it is spent.

the oldest form of financing incorporating this medium of saving is overdraft. there are a couple of new techniques in the mortgage industry.

u do not need to be fleeced of 50 bucks to hear what your overzealous banker will tell you if you push hard enuf. i can do the same job for free without strings attached.

but note that my offer to share knowledge is only for sincere, honest, genuine, impartial, "non-related" parties.

lonewolf8
12-08-2006, 09:57 AM
Like Joker2107 said, if got spare cash then you can reduce your mortgage loans. The calculation of the interest of loan is based on the components of the interest rate, time period and outstanding loan amount. Interest rate is fixed as per loan agreement. However, we can control the principal oustanding loan amount which lead to a movement in the loan period. If got spare cash, use it to reduce outstanding loan amount and your loan period will be reduced too. The next option is to re-finance the existing loan

Unless this seminar will tell you some trade secrets which was never reveal in any publications before such as personal money, then perhaps you can join this paying seminar.

junetoo
12-08-2006, 10:54 PM
Thnaks so much for sharing!! Joker2107 and lonewolf8.
Of course I am "sincere, honest, genuine, impartial, "non-related" parties" ... not very sure about what's "non-related parties" though..:p

This is my first property, therefore I am bit nervous. My loan package is 1.68% first year BLR -1 second year and BLR +1 until 20 years. Now is at 1.68%, so I wanna take the opportunity to save pay more since the interest is still low.
The reason I am very interested to the talk is because he did mention that there are lots of way to reduce loan...depends on when is the "timing" you pay back. Like a few kind of pattern but only one way safe the most. The brochure say like in case A situation..."A" save total of RMxxxxx...if in case B..."B" save like total of RMxxxxx ...case C and so on..

June