Nov 24, 2009

My home sweet home..

Ok, let me tell about my home sweet home.. I always want a double storey house but I know I can't afford it on my own.. so I share this luvly house with Iwan.. and it cost us a lot.. that I think we need to really spend less in order to really have this with us.

It begin during Hari Raya Puasa.. when my office mate, Kak Ina ask us to come visit her new house.. She has a open house that day.. So, Iwan agree to come with me. Her house is at Bandar Bukit Raja. It's a Sime Darby property. I know Sime Darby is well known as good developer. I thought of seeing their single storey house.. thinking there's no way I can afford a double storey house. Me and Iwan finally go visit the sales gallery after that open house.. and we were so amazed with the beautiful houses.

There's no single storey house available except for end lot that cost 245k. Then we decide to look at the house sample of avira and ellis.. Ellis will cost us 280 plus k and Avira will cost us 308k... and without knowledge, we think that we might need to pay like 2k to 3k per month.. which we can't afford :( Later we pick the loan brochures.. the list shows that for 30 years, we have to pay around 1400 per month.. which is.. when we think back.. is quite affordable.

We realize that with such amount.. we have to squeeze our budget a bit for first few years.. until our salary increase a bit, that amount become not a really big sum.. Maybe people wonder why we take such financial risk.. 1st) the house price keep incresing.. and we don't think that if we wait.. we soon can afford such that type of property.. once we put on commitment for like a smaller house.. we're not going to have balance to purchase bigger size house. 2) The location is good.. and it's worth every penny spend.. and guess what, we survey other parts too and it's not easy to get that price for that kind of house.. most cost like 400k. 3) Why worried spending more on something valuable like that.. It's not an LV bag or Prada shoes.. I'm talking about a house here..

After a few time calculating and recalculating the monthly budget.. we decide to go survey the loan before paying for down payment.. we find that Maybank offer quite attractive package.. Zero entry cost.. at blr - 2.1% interest.. So we go paying the booking fees and select no 18 as our house.. it's facing sun- down.. which to other people is bad.. but i think it meets what we want so it's fine then..

On the day we collect the offer letter from sime darby sales person, pn lily, a loan promoter, mr tee comes offer us the cimb loan.. we already think that we'll go to maybank but he patiently wants to offer us loans.. explain to us this and that.. and the next day we meet to give the documents and he explain to us again what cimb can offer.. he gives us blr - 2.2% and it's non zero entry cost but the amount absorb in loan.. we're quite satisfied with his explaination.. and this is flexi loan. We proceed the application with him..

The next day we receive news that our loan only approve 85%.. then he ask us to submit any other account info.. so we submit our ASB.. then our loan approve 90% + other cost.. We did submit to maybank as well.. but we got the news from CIMB first.. and we're satisfied with the offer.. so, we accept that.

After that, we proceed to sign the S & P with Pn Lily.. and now.. tomorrow, we'll go sign the actual loan agreement and ask about the S & P so that Iwan can withdaraw his KWSP to pay the balance of downpayment..

So, what's avira looks like.. is like above.. The interior is from the house sample.. :) Did I mention the rumors.. that Jusco will open nearby.. :D I think it's a good choice to buy here.

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