FundMyHome developed by EdgeProp Sdn Bhd with the aim of bringing together first-time homebuyers and institutions in a mutually supportive relationship. This benefit is for Malaysia citizens to have the chance to own a house without a bank loan and have a good shelter.
The buyers only require to pay for 20% of property price to own the house without worry about the downpayment because 80% of the property price will be contributed by the institutional funders.
It is recommended for buyers who have interested own the house for at least five years. After the five years, he/she can refinance or sell the property. However, buyers also require to in charge of the management fees, insurance, quit rent and etc.