Today, we are going to do a case study of a real story. Mr.Tan (of course not his real name) took up a home loan from Alliance Bank. Nowadays, the home loan package offer is irresistible. I met Mr. Tan and we discussed about this matter whether should he refinance his mortgage. He will have to pay the early settlement penalty if he do it this year. He wants to know would it be advisable to refinance his home loan now to seize the all time low interest rate opportunity ...

In Malaysia, loan sharks are so famous that there are even songs written for them and published at youtube with music videos. I have several friends who involve in this kind of business of lending money without license. The return is very high although it is very risky. For those loan sharks who are able to manage the risk properly, it is a really profitable business practiced centuries ago, started by the Jewish. How lucrative is it? Imagine the interest rate is actually 4%. Oh .. 4% is just "kacang" (means ...

When you are shopping around for the best home loan package to finance your house purchase, you will encounter so many different interest offer. Basically, mortgage offers can be categorized into three: 1. Fixed Interest A fixed interest rate home loan allows customers seeking a guaranteed fixed interest lending rate to protect against potential interest rate increases that may occur during their settlement period. Example: 1st 5 years - 5.8% Thereafter at 6.0% This kind of offer is suitable for more risk averse people. 2. Variable Interest Varibale interest rate home loan calculate the interest charges that moves ...

I just watched the movie Tranformers last Sunday. Never thought that it was a lengthy one - 2 hours 30 mins! There are several scenes in the movie that provide personal finance lessons. If you missed out some or never even notice any, here are the money lessons listed below: image: Transformer movie tickets Scene 1. Sam Witwicky got a used car. His father financially made a right choice to get Sam a decades old car. The old Camaro cost $4000. I am just curious, does it really cost that much for a ...

When you are taking up home loan to finance your house purchase, I urge that you take the time to read every words in the offer letter before you sign it. If you find that there is too much details for you to look at them in depth, ask these important questions for thorough explanation before you sign the mortgage offer letter. One thing to be aware of is the lock-in period. Lock-in period is the time frame when you do a full settlement of your loan in the first few ...

I was attending training at Lion Team Advisors on the topic of loan mortgage outsourcing the last Thursday. There is a young beautiful trainer from OCBC bank flew all the way from Kuala Lumpur to give us mortgage training at LTA head quarter. There are some points I got during the training that worth sharing here. There are some ways to actually settle our home loans earlier than the original tenure. I am sure that you are practicing some of them. However, I am going to share with you more ...

When I first started working as a financial professional, I am so amazed to find that most of the prospects I approach don't have a single idea about financial freedom. Some thank me for telling them about the concept. Some just ignore the fact and think that financial freedom will come and it is called retirement. Most people think that retirement is when you are forced to stop working and nobody will hire you anymore. Some people even told me that they will never want to retire because they ...

Follow up to my previous post commenting about Public Mutual's Far-East Select Fund and China Select Fund, Lim would like to know more about the right mix of high risk and low risk investment. In other words, Lim is actually interested to learn about the asset allocation in unit trust investment. Asset allocation involves dividing an investment portfolio among different asset categories, such as stocks, bonds, and liquid cash. The right mix for a person is actually very personal. The reasons that almost every investor possesses a different investment portfolio are: 1. ...

Many people associate a person's wealth with his appearance. It is like judging a book by its cover. I believe that it shows some truth because people only realized that you actually "have" that amount of money only after you spent it! You bought a Porsche and drive it to work. Your colleague saw you in the new vehicle. This make you look wealthier. But is it really the case? You renovate your house gate, only the gate! Your neighbour saw it when they are passing by. They thought that you ...

For those readers who follow my previous articles about how to earn passive income through creating lenses at Squidoo, hope that you are practicing the method and tips I had compiled so far. I had earned an increasing passive monthly income since March from Squidoo. Here I am going to show you what we can do for the url. You should use more keywords in the url. This is one of the commonly used Search Engine Optimization (SEO) techniques. As shown in the picture below, instead of using www.squidoo.com/passiveincome for the ...