AACCEPTANCE LETTER
A letter from you after going through the terms and conditions carefully, stating your willingness to accept a loan that has been approved by the banks.
APARTMENT Usually has fewer facilities than a condominium, with just basic features like a swimming pool and security.
APPRAISAL A report that comes from a valuer or appraiser that analyses the estimated cost of a property.
ASSETS Real and personal property in which a person has an unburdened ownership or equity that with which has value.
AUCTION This is a public sale of a property or real estate that is sold to the highest bidder.
AUCTIONEER A licensed person that is authorised to carry out a sale by auction.
AVERAGE ANNUAL GROWTH RATE Usually referred to in terms of property values, it’ s based on the percentage at which a region grows per year.
BBASE LENDING RATE( BLR)
BLR is the base interest rate that is determined by each bank on a formulated calculation before deciding how much to charge( i. e. interest rate) for your home loan. Bank Negara Malaysia determines the rate, but it is adjusted by the banks. The BLR usually changes and will rise or drop unpredictably.
BANK VALUATION A survey to estimate the value of a property for mortgage purposes.
BUNGALOW In Malaysia, bungalows are stand-alone houses that come in one, two- and three-storey styles and are also called detached houses. They have open spaces on all sides and you have the
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