Many people asking about what is a home equity loan? Home equity loan are a way of using your property equity value to loan money against. Essentially, home equity loan is a ’second mortgage’ - a mortgage loan secured by your property.

What Is Equity Value?
Equity value of your property mean the difference between the value of your home and the mortgage balance. An example, the value of your home/property is $150,000 and the mortgage balance is $50,000. The equity value of your home is $150,000. In other world, your home equity loan available up to $150,000.

Kind of Home Equity Loan
There is 2 types of home equity loan, Traditional home equity loan and home equity line of credit. Traditional home equity loan or called second mortgage loan: lender/bank provides a lamp sum of cash and you must pay back bank over a period. Hence, interest directly in calculation on the first day the bank gives you money. Don’t matter you are keep in you saving account or the monies has been use.

Home equity line of credit: lender/bank offers home equity loan with provide a credit card or chequebook for borrower. While borrower need money, they can access the “line of credit” through credit card or just bank in cheque. Interest starts only after you make use of the money. Read more »

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IJM Land Bhd is launching projects Light Linear & Light Point. Penang property are attractive and it’s high demanding. Penang International Property Expo showcase showing good responded.

IJM Land Bhd was launched penang property recently, Summer Place condominium project (IJM’Condo) located at the Jelutong Expressway. IJM Land Bhd located RM174mil for this property investment. About 40% of the 531 condominiums in Summer Place condominium project was taken up on the first two days of the recent soft launch.

Light Linear & Light Point are high end sea fronting projects by IJM Land Bhd and comprising the RM200mil Light Linear, RM102mil Light Point, and the RM48mil Lots 28 located near the Jelutong Expressway.

The Light Linear consists of two 17-storey block of 328 condominiums on a 7.6 acre land, while the Light Point is a 28-storey block of 88 condominiums on a 2.8 acre site, and Lots 28 comprises 28 units of two and three-storey commercial and shop offices on a 2.6 acre site.

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Another new property in Melbourne-Elvera Apartment. The new Property in Melbourne 1st launch in Malaysia before Australia. This prestigious development brought to you by Bensons Property Group.

The new property in Melbourne located in cosmopolitan Lygon Street. Lygon Street inspired by the culture, arts & tastes of Melbourne. Elvera Apartment is a 10 storey sculptured building featuring a distinct two-part design that maximizes natural light, ventilation and space throughout. This advanced architectural design boutique building consists of 100 apartments of 1 and 2 bedrooms with spacious living areas, large windows opening to generous balconies with panoramic views.

This property in Melbourne at the price from AUD412 per sq ft or from AUD389,995. 10% deposit only, no further payment till completion y2011. Why Elvera Apartments as a attractive property in Melbourne? Below is the answer; Read more »

Setia Sky Residences is another new project by SP Setia. 5/95 Home Loan package launched by SP Setia getting good result while the world market getting  effected by economy crisis. SP Setia property developer not only getting good respond property in Malaysia, SP Setia started develop their business in Singapore and Vietnam.

New projest - Setia Sky Residences condominium in Kuala Lumpur that will be launched next month,April y2009. Setia Sky Residences is located along Jalan Tun Razak on a 2.43ha site and will comprise four 39-storey tower blocks, with each block containing 211 condos.

In April, only first two towers will be launched. Setia Sky Residences condominium lauch at an average selling price of RM680 per sq ft. Both towers are expected to be completed in 2012.

Setia Sky Residences condominium Setia is the first high-rise project in the Kuala Lumpur city centre by SP Setia. Setia Sky Residences condominium has a gross development value of RM800mil, Setia Sky Residences condominium estimate has positive response.
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