Young couple who wants to get married soon and dream of a home for them at the time would come. You can try it this way.
Net salary: RM1,500
1) Men and women apply RM50k ASB financing with monthly payments of RM275 and maximum loan period of 30 years.
2) During the first year to keep the cost of one year. Apply additional second certificate RM50k ASB financing, financing a maximum of 30 years in the second. After the dividend was announced, to the payment of a dividend for the first certificate RM50k year (rolling dividend). To right this way for 6 years.
3) At this time commitment you only RM275 for the second certificate ASB financing. You only pay RM275 a month for Maintaining a period of 5 years for the second certificate.
After 6 years for the first certificate and 5 years for the second certificate ASB financing. Stop second-ni Two loan.
The result:
first Certificate
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The balance of principal: RM4,880
Final dividend: RM3,625
Total: RM8505
the second certificate
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The balance of principal: RM3,958
Cumulative dividends: RM16,154
Amount: RM20,112
Overall Both certificates amounting to RM28,617 (a), RM57,234 (Two)
You can use this money to get married, buy a house costing RM200,000 and the excess cash is for after marriage deposit.
Do not upset if I took the next 6 years to buy a house. We see the fact today, many people who work more than 6 years has not bought any house. At least before being able to buy the house we have prepared in advance, not be broke again.
Hope this calculation information was helpful for young couples who earn RM2,000 and less. Nothing is impossible. As long as we have good intentions and tried, in sha Allah you can practice it.
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