{"id":1330,"date":"2011-11-27T20:58:00","date_gmt":"2011-11-27T20:58:00","guid":{"rendered":"https:\/\/husnitalip.com\/2011\/11\/27\/alhamdulillah-house-settled\/"},"modified":"2011-11-27T20:58:00","modified_gmt":"2011-11-27T20:58:00","slug":"alhamdulillah-house-settled","status":"publish","type":"post","link":"https:\/\/husnitalip.com\/?p=1330","title":{"rendered":"Alhamdulillah : House settled"},"content":{"rendered":"

 <\/p>\n

Praise to Allah\u2026 Just completed all the documents.  It\u2019s nearly 2 months to complete all the required documents\u2026 <\/p>\n

Firstly, for the new house buyer here the tips you may use if you plan to buy a House\u2026 It\u2019s a little bit headache for me to buy this house\u2026.<\/p>\n

    \n
  1. \n
    Find out the correct developer and compare with other developers. Make sure you get the lower price. I got house with 35×80 with such a promising price\"Vampire<\/div>\n<\/li>\n
  2. \n
    Then, look for any finance institutions based on you need.  Check all the interest rates and any other benefits the institution will be provided soon. <\/div>\n<\/li>\n
  3. \n
    Next, pay the booking deposit. It\u2019s vary from each developer. Some developer charge you up to THOUSAND ringgit. A project under SPNB charge you RM250 only.  <\/div>\n<\/li>\n<\/ol>\n

     <\/p>\n

    Here we go. On September 15, 2011 I went to SHOW ROOM to see any competitive price will be provided by the developer. Since, I preferred to stay around <10km to my workplace \"Smile.   So, I prepared all the required documents (3 months Pay slips, EPF, IC, Employment status). That all! Since, I asked the agent to find out the \u201cBANK\u201d for me. So, he sent all my details to \u201cBANK BSN\u201d, \u201cBANK MUAMALAT\u201d, \u201cBANK CIMB\u201d, BANK AWAM lol PUBLIC BANK\u201d, and \u201cMAYBANK\u201d\u2026. So, on subsequence week, I received a lot of calls seem like operator. THEY\u2019ll call to explain the product offered from their bank. So for conclusion, MAYBANK is chose. Because<\/p>\n

     <\/p>\n

      \n
    1. \n
      BANK BSN  – Sound promising. Zero Moving Cost.  Cover all the costs inclusive legal fee, insurance. So, margin amount they offered around 85%. Need to top up another 15% to my loan. In contrast, the interest rate quite high due to Zero Moving Cost.<\/div>\n<\/li>\n
    2. \n
      BANK MUAMALAT \u2013 They failed to PERSUADE me\u2026 ahah\u2026 Actually, I received call one week later after acceptance letter offer from Maybank.<\/div>\n<\/li>\n
    3. \n
      BANK CIMB \u2013 Not meet my requirements.<\/div>\n<\/li>\n
    4. \n
      PUBLIC BANK \u2013 They try\u2026 but failed. Also give me 85% margin\u2026 haha\u2026 <\/div>\n<\/li>\n<\/ol>\n

       <\/p>\n

      The winner goes to MAYBANK\u2026 .since they provide 90% margin and fast processing. Around 1 week to receive loan agreement. Loan details<\/strong><\/p>\n

      <\/strong><\/p>\n

      Loan type : Home Equity-i (Not i-Home Equity, later Apple sue Maybank\u2026 )<\/strong><\/p>\n

      Why : Coz, this loan based on Musharakah Mutanaqisah partnership. So, bank owns certain % in this property, and will be decreased over the time. <\/strong><\/p>\n

      <\/strong><\/p>\n

      So, for your info in Islamic financing; There are 3 types<\/p>\n

        \n
      1. \n
        Murabaha\/ Bai\u2019 Bithaman Ajil (BBA) \u2013 Bank buy house from developer and sell back to you. This call \u201cAKAD\u201d so you agree with the amount will be borne to you\u2026 You may find out this type of financing in CAR loan. <\/div>\n<\/li>\n
      2. \n
        Istisna \u2013 bank will continuously pay to developer until the project complete. Local bank still not provided this thing. International bank like Kuwait Finance House offers this. Check it out!<\/div>\n<\/li>\n
      3. \n
        Musharakah Mutanaqisah \u2013 partnership. Bank xx%, you xx%. <\/div>\n<\/li>\n<\/ol>\n

         <\/p>\n

        So, make yourself comfortable with all those things\u2026<\/p>\n

         <\/p>\n

         <\/p>\n

        <\/strong><\/p>\n

        \"Sale<\/a>\"House<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

          Praise to Allah\u2026 Just completed all the documents.  It\u2019s nearly 2 months to complete all the required documents\u2026 Firstly, for the new house buyer here the tips you may…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[134],"tags":[],"class_list":["post-1330","post","type-post","status-publish","format-standard","hentry","category-housing"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/husnitalip.com\/index.php?rest_route=\/wp\/v2\/posts\/1330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/husnitalip.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/husnitalip.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/husnitalip.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/husnitalip.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1330"}],"version-history":[{"count":0,"href":"https:\/\/husnitalip.com\/index.php?rest_route=\/wp\/v2\/posts\/1330\/revisions"}],"wp:attachment":[{"href":"https:\/\/husnitalip.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/husnitalip.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/husnitalip.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}