1. This is considered quite a short book for its price of RM29.90. I bet you can finish reading it within 2 hours. Its presentation is quite straight forward.
2. This book is full of examples. It analyzes almost every aspects there are about refinancing a property. Various examples and conditions are given so that a normal person can quickly grab the concept.
3. The books also considers the situation a person is in and what are the benefits that he/she could possibly get from refinancing.
4. The basics and must ask questions before refinancing are also included in this book.
5. It also compares the various property loan structure there are in the market and how readers could benefit from them.
6. At the end of this book, it outlines a concept on how to pay off your home loan in half the time and get a property for free. The concept is for real actually in case you are wondering. It's the matter of selecting the right home loan and manipulating the financial instruments that are available around you.
7. Besides that, the book comes with a free 2 hour property investment workshop by W.T.Kam. I yet to attend the workshop because of logistic constraint but I really think this book is a really good buy.
4 comments:
can you elaborate further on no 6.it's quite interesting
xplorer.. this is the general concept:
1. take a home loan with withdrawal facility i.e with OD. the interest charged must be daily rest.
2. get a credit card with interest free period of 45 days. the normal credit card only gives 20 days interest free period.
3. bank in all your salary into your home loan. it reduces the amount of interest.
4. use the credit card for all of your expenses.
5. pay the credit card by issuing cheque from your home loan at the end of its interest free period. you will not be charged any interest on your credit card.
6. repeat the step.
that's basically it. but you really need to do an advance calculation on it to determine how much you are actually saving. the most important thing is that your monthly cash flow must be positive. try get the book and go see them. they actually offer free consultation on this matter.
item no 1 is possible as a lot of foreign bank offer this kind of product.but item no 2 is quite difficult , so far i haven't come across credit card which offer 45days interest free.
theoretically it might work
there are such cards available. try looking at al-rajhi, OCBC and bank islam.
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