Debt Assist Co

Home equity is your stake in the home — the portion that you own and will recoup when it's time to sell the property. How can you use your ?

You can use home equity to your financial advantage in several ways. First, you can borrow against it. This could mean taking out a home equity loan or using a cash-out refinance.

1. Home equity loan
A home equity loan is essentially a second mortgage. Like your current mortgage, it allows you to borrow money at a fixed rate over the years, up to a certain portion of your home equity.

2. Cash-out refinance
However, a cash-out refinance can replace your current loan. You get a brand-new mortgage but keep some cash equity. In both cases, you can use your cash proceeds to pay for renovations, medical bills, college tuition, or any other expenses you need to cover.

3. Home equity line of credit (HELOC)
Lastly, there's a home equity line of credit, which allows the lender to extend a line of credit for a certain number of years. You have the flexibility to borrow up to your credit limit during the initial period of the loan (usually around 10 years).

Masih ada yang tertanya, apa itu CTOS dan CCRIS???

CCRIS

CCRIS (Central Credit Reference Information System, atau Pusat Sistem Maklumat Rujukan Kredit) ni datang dari Bank Negara Malaysia (BNM).

Semua laporan kredit CCRIS disediakan dan diuruskan oleh Biro Kredit BNM. Di sinilah semua maklumat kredit dari pelbagai syarikat kewangan di Malaysia terlibat, seperti bank, broker insuran, dan ada juga pihak swasta seperti syarikat telekomunikasi.

Di dalam laporan CCRIS tu ada pelbagai info yang membantu institusi kewangan seperti bank untuk buat keputusan atas setiap permohonan pinjaman perumahan. Info yang mereka boleh tengok dalam laporan CCRIS tu adalah:

- Semua pinjaman/kredit tertunggak

- Akaun perhatian khusus yang mana akaun dipantau rapat oleh institut kewangan

- Permohonan pinjaman kredit yang dah lulus atau sedang diproses dalam tempoh 12 bulan

CTOS

CTOS (CTOS Data Systems Sdn Bhd) adalah organisasi persendirian atau syarikat swasta yang juga menyediakan report kredit.

Ia digunakan secara meluas oleh bank dan institusi kewangan di Malaysia untuk tentukan kelayakan kredit pemohon, sama ada individu atau syarikat.

Selalunya, memang institusi kewangan akan gunakan lebih dari satu laporan kredit untuk tau macam mana sebenarnya keadaan kredit dan keupayaan pemohon untuk bayar balik hutang.

Info dalam CTOS p**a datang dari pelbagai sumber awam seperti Suruhanjaya Syarikat Malaysia (SSM), Jabatan Pendaftaran Negara (JPN), Jabatan Insolvensi Malaysia (JIM), notis dari akhbar, penerbitan prosiding undang-undang, dan warta kerajaan.

Antara info yang institusi kewangan boleh semak dari report CTOS adalah:

- Status muflis
- Tindakan undang-undang
- Status kes
- Pemilikan dan info perniagaan

Happy !
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⚡️⚡️⚡️You know what? According to the Insolvency Department, 18 people were declared bankrupt every day in the first five months of 2022.
📌Nearly 60% of those who were declared bankrupt from 2018 until May 2022 were between 25-44 years old
📌Selangor has the highest number of bankruptcies, with 72,608 cases up until May 2022, followed by the Federal Territories (46,876) & Johor (32,441) cases.
📌Personal loan is the main reason that makes most of them fall into bankruptcy
🔰🔰🔰Gentle reminder from FINTOS ➡️ Don't wait until bankruptcy to realize the importance of financial planning. Don't be the next victim! ❌
✨✨𝙒𝙖𝙣𝙩 𝙩𝙤 𝙜𝙚𝙩 𝙧𝙞𝙙 𝙤𝙛 𝙩𝙝𝙚 𝙙𝙚𝙗𝙩 𝙨𝙥𝙞𝙧𝙖𝙡 𝙖𝙣𝙙 𝙗𝙚 𝙞𝙣 𝙘𝙤𝙣𝙩𝙧𝙤𝙡 𝙤𝙛 𝙮𝙤𝙪𝙧 𝙢𝙤𝙣𝙚𝙮 𝙛𝙪𝙩𝙪𝙧𝙚? 𝙉𝙤𝙩 𝙨𝙪𝙧𝙚 𝙝𝙤𝙬 𝙩𝙤 𝙬𝙤𝙧𝙠 𝙤𝙣 𝙞𝙩? 𝙁𝙄𝙉𝙏𝙊𝙎 𝙞𝙨 𝙝𝙚𝙧𝙚 𝙩𝙤 𝙖𝙨𝙨𝙞𝙨𝙩! 𝘾𝙤𝙣𝙩𝙖𝙘𝙩 𝙪𝙨 𝙩𝙤 𝙜𝙚𝙩 𝙨𝙩𝙖𝙧𝙩𝙚𝙙
👉https://wa.me/message/MIOTRH7VLW52P1
👉https://wa.me/message/MIOTRH7VLW52P1
👉https://wa.me/message/MIOTRH7VLW52P1