Are you a property hunter on the prowl for profitable properties to invest in? As pretty much any investor will tell you, it’s all about the location, location, location. Traditionally, this meant that your potential property should preferably be located in the ‘hot’ part of town, near various public amenities, offices, tertiary educational institutions, or at least one of the above to act as crowd-pullers. Today, though, the location of your property in relation to other, mundane necessities of life matter, too.Walkability: The Expanded Definition
Back in the old days, everything you needed could be obtained within walking distance from your home. Townships grew, everything [...]
Children are expensive from the moment of their conception. Financial advisor Yap Ming Hui quoted RM1,500,000 as the amount you’ll need to see a child through their tertiary education in urban areas, and that figure may well blow up by the time your young child grows into a teenager in a decade. It’s normal to want a smooth start in life for your child, but how much is too much? Is buying them a home the ultimate gift or an unappreciated burden?Financial Ability: Then and Now
You might wonder how anyone might consider a house a burden; after all, property appreciates, and its value will only grow through time. Your child’s purchasing power [...]
Unless you’re born with a silver spoon in your mouth, a mortgage loan for a property is a decades-long commitment, one that you may not be able to qualify for by yourself at the present time. When that happens, you can choose to either wait a while longer to build up your savings and credit rating, or to co-sign a loan with someone, usually a family member or someone you trust.What Co-Signing Means
A co-signed loan is, as its name implies, a loan that is taken out by more than one person, up to a maximum of six. Joint home loans can only be obtained by an applicant and their spouse, parents, or siblings. Unless your co-signees are genuine Good Samaritans [...]
Okay, so maybe the survivorship clause isn’t the key to eternal life, or anything flashy like that, but it does help your survivors circumvent the inconvenience – if not the heartbreak – caused by your death. You’d want your family to be able to live on comfortably without you, and to a certain extent, that comfort is guaranteed by financial security. Inheritance claims, however, are far from straight-forward, and the frozen claims are valued in the billions.
Maybe you’ve yet to write a will, risking the possibility of passing away intestate, or without a will. Or maybe you already have a will which you haven’t updated to include your latest [...]