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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