Guide to Buying Your First Home in Malaysia

Check your housing affordability Check your readiness Choose the right location and property Check how much upfront cash you need 5- Pay the booking fee (2% of the property price) Negotiate for the best price 8. Pay the balance of your down payment Sign Sale & Purchase Agreement (SPA) 10 BANK Compare and choose the best home loan Apply for home loan 12 - 11 Buy mortgage life insurance Sign loan agreement upon approval of loan 13 14 BANK Balance disbursement Transfer of title by bank to seller