Today, I was going to the Home Expo in Mid Valley. I have encountered some army near the Mid Valley KTM station, look like they are afraid of the IS who will be attacking this mall. I didn’t care it so much as I have my mission today. I went to the Property expo and met some people who help me to explain about the credit card, the KPKT low cost house and some properties adhered to this mall. It got four seminars today and tomorrow by certain CEOs or manager in-charge.

           I was managed to ask one of the Maybank staff on the benefit 2 credit card offer, the annual fee is free for life like the one for CIMB credit card. One of the card got 5 point collections and another cards got 1 point collection where this point can be used to exchange certain appliance as stated in the maybank2u website. The credit card will not be activated until I activate it by calling to the customer service line, but it needs 1 day or 24 hours to activate it before using it. I didn’t apply for the credit card since I didn’t have to use it for this moment. However, some people said if I cannot pass the CCRIS, it will hard for me have loan mortgage.

          After that, I went to KPKT booth to know more about it. The people in charge said that my salary must below RM 2500 to apply it as it is a low cost house in Selangor area. Also, there are certain criteria before I can apply it, like I must at least 18 years old, not having any house and must be apply via “Sistem Pendaftaran Terbuka”.  For further information, can go to search http://ehome.kpkt.gov.my.

Then, I went to attend the Property Talks by certain companies’ managers and CEO. One of the attractive things I heard is the Mortgage Reduction Planning (MRP). MRP is one of the way to reduce the debt and save property investors’ money on buying property. It can reduce the bank loan rate (BLR) from around 4.5% to around 2.2% and reduce the loan time. However, they charged around 3% for their service. Another interesting thing is how to be a global property investor. The speaker encourage people to invest other country like Germany and New Zealand as investing in Malaysia only is like put all the egg in one basket.

In the matter of fact, I have learned the important of lawyers as they are the people who engage in S&P, which is an agreement between seller and buyer so that cheat cases are avoidable. In addition, all banks and insurance companies allow people to engage mortgage loan.