买屋的手续费用

1）买卖合同 （S&P）的费用是以屋价来算的：

屋价 = RM 250,000

a) Legal Fee：
First RM 150,000 = 1.0% (minimum fees of RM 300)
Next RM 850,000 = 0.7%
Next RM 2,000,000 = 0.6%
Next RM 2,000,000 = 0.5%
Next RM 2,500,000 = 0.4%
Excess RM 7,500,000 = Negotiable (not exceeding 0.4%)

Example:
RM 150,000 = 1.0% x RM 150,000 = RM 1,500
RM 100,000 = 0.7% x RM 150,000 = RM 700
Legal Fee = RM 2,200

b) Stamp Duty:
First RM 100,000 is at 1% of the value
Next RM 400,000 is at 2% of the value

Example:
RM 100,000 = 1.0% x RM 100,000 = RM 1,000
RM 150,000 = 2.0% x RM 150,000 = RM 3,000
Stamp Duty = RM 4,000

c) Disbursement fees: Land search + Q.A Search + Affirmation and etc
~= RM 200 - RM 400

d) Others: Miscellaneous + Transportation
~= RM 150 - RM 250

MRTA VS MLTA

Mortgage Life Insurance is an insurance that loan owner purchase when buying a property. It is designed to settle the outstanding loan balance in the event that the borrower dies or suffers from total and permanent disability (TPD) prior of settling the loan.

Basically there are two types of mortgage life insurance that are available in the market. There are Mortgage Reducing Term Assurance (MRTA) or Mortgage Decreasing Term Assurance (MDTA) and Mortgage Level Term Assurance (MLTA).

Mortgage Term Assurance

Mortgage Reducing Term AssuranceMRTA	Mortgage Level Term AssuranceMLTA
- Cover will reduce throughout loan tenure (cover Outstanding loan)	- Cover remain fixed throughout loan tenure (cover Principal loan)
- No cash returned	- Have cash return
- Cannot transfer when refinance/new purchase	- Can transfer when refinance/new purchase
- Cover stop after loan tenure end (cover expired at 65)	-Cover continue after loan tenure end (cover till 100yo)
- Can finance into loan but need to pay interest	-Cannot finance into loan therefore no need to pay extra interest
- No Guaranteed to settle outstanding balance (because Outstanding balance affected by BLR fluctuation but MRTA amount no)	- Guaranteed can settle outstanding balance (MLTA amount always > Outstanding balance)
- High initial premium (Higher premium according to aging)	- Lower initial premium (Premium fixed even aging)
- No installment (One time payment)	- Can pay by monthly installment
- No benefit paid upon diagnosed of 36 critical illness	- MLTA amount will paid to settle loan upon diagnosed of 36 critical illness
- An expense/a liability	-An investment/an asset
- No tax relief	- Tax relief RM7,000

Source from http://housingloan.com.my


Source from http://www.horlic.com

Mortgage Loan

A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan.

A home buyer or builder can obtain financing (a loan) either to purchase or secure against the property from a financial institution, such as a bank, either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably.

In many jurisdictions, though not all (Bali, Indonesia being one exception^[1]), it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong domestic markets have developed.

The word mortgage is a Law French term meaning "dead pledge," apparently meaning that the pledge ends (dies) either when the obligation is fulfilled or the property is taken through foreclosure.^[2]

Source from Wikipedia, the free encyclopedia