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> Latest mortgage rate for housing loan packages, All Mortgagers are welcomed to post...

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n0v1ce
post Nov 5 2009, 10:30 AM
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QUOTE(Dark NT @ Nov 5 2009, 12:06 AM)
Heard that banks are going to increase their rate to ~BLR-1.8%
and also BLR will go up.

Luckily I have got my loan offer letter 2 weeks ago.
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Good for you~ rclxms.gif indeed this is true, that is why translate to finance stocks hike yesterday I suppose hmm.gif
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abyss8
post Nov 5 2009, 10:58 AM
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QUOTE(Fat3Twister @ Nov 4 2009, 07:20 PM)
Hi, i have a situation here and have several questions to ask. Hope the pros out there can help to enlighten me.

1. If I am 50 y.o. and I wish to buy a house(new or used also can) worth RM 200k, what is the MOF and max tenure i can get?

2. If I am 50 y.o. and i have a loan-free house(free hold) worth RM 400k and i wish to refinance it, what is the MOF and max tenure i can get?

3. For case 2, can i refinance RM 300k instead of the market value of RM 400k?

4. For each of the case above, how much is the MRTA or life insurance with riders(to cover the loan amount)?
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1. Max mof 90%, depends on prop location. Max tenure age 70, need management approval, standard tenure age65.

2. cash-out refinance 80% of market value, tenure same

3. they will calculate base on RM400k. so, if you only need RM300k, then it's ok.

4. MRTA optional. if you need to get MRTA, date of birth is required to calculate


QUOTE(Dark NT @ Nov 5 2009, 12:06 AM)
Heard that banks are going to increase their rate to ~BLR-1.8%
and also BLR will go up.

Luckily I have got my loan offer letter 2 weeks ago.
*



it is already happening. i think only EON and CIMB havent implement
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hkway
post Nov 5 2009, 10:59 AM
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QUOTE(Dark NT @ Nov 5 2009, 12:06 AM)
Heard that banks are going to increase their rate to ~BLR-1.8%
and also BLR will go up.

Luckily I have got my loan offer letter 2 weeks ago.
*




Dun be too happy 1st, always / sometimes in the offer letter stated the bank reserve the right to withdraw the offer/facilities without assigning any reason (esp. letter offer from HXBC) even though after signing letter offer but before drawdown.

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n0v1ce
post Nov 5 2009, 11:19 AM
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QUOTE(hkway @ Nov 5 2009, 10:59 AM)
Dun be too happy 1st, always / sometimes in the offer letter stated the bank reserve the right to withdraw the offer/facilities without assigning any reason (esp. letter offer from HXBC) even though after signing letter offer but before drawdown.
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They don't mind this is going to tarnish their reputation? hmm.gif HXBC so bad? FFK? shakehead.gif
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Dark NT
post Nov 5 2009, 11:24 AM
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QUOTE(hkway @ Nov 5 2009, 10:59 AM)
Dun be too happy 1st, always / sometimes in the offer letter stated the bank reserve the right to withdraw the offer/facilities without assigning any reason (esp. letter offer from HXBC) even though after signing letter offer but before drawdown.
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shocking.gif HXBC .. luckily mine not from HSBC, mine from real local bank.
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hkway
post Nov 5 2009, 12:49 PM
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Hi,all.

I notice the terms & conditions in the most letter of offer from bank (eps. in appendix attached) stated that they have the absolute discretion to vary the terms & conditions of the facility from time to time during the tenure.

Dunno why got such an unfair clause . IS IT MEANS THEY HAVE RIGHTS TO DO ANYTHING THEY WANT ???
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Dark NT
post Nov 5 2009, 12:52 PM
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sigh no choice, even if they don't change the T&C still have to borrow money sad.gif
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hkway
post Nov 5 2009, 01:05 PM
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QUOTE(Dark NT @ Nov 5 2009, 12:52 PM)
sigh no choice, even if they don't change the T&C still have to borrow money sad.gif
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IT IS PROVE THAT MORE MONEY MORE POWER , bcos we have no choice but to borrow fr them. cry.gif
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leongal
post Nov 5 2009, 01:16 PM
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wat are the rates for cimb home loan now for loan amount less than rm150k?
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abijiu
post Nov 5 2009, 03:54 PM
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1.6 ?! and what about Ambank loan rate?!
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yiivei
post Nov 5 2009, 05:52 PM
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QUOTE(onnying88 @ Nov 4 2009, 11:04 PM)
i) does that mean that the property title will be transfer to me? or just the loan bear by me only without property transfer?
Nope, the property is still own by your mom, just the loan will be bear by you. This is called third party loan.

ii) what if my mum doesnt wan to settle the loan after re-finance, am i the 1 tat going to face the full liability?
Yes, you have to take the full liability for the loan, simply because the loan is under your name.

iii) will i be blacklisted if the case on (ii) does happen?
Yes, if you or your mom didn't serve the installment for the loan, ONLY you will have bad record for you own CCRIS record. Once you have bad CCRIS record then you will be blacklisted for any loan application.

iv) what if the house was sold, and will it automatically repay the loan?
You mean the house going to lelong? If that's what you mean, then YES. If you or your mom still didn't pay for the installment for a period, the bank have the right to lelong the property and use the money to settle the loan.
*



Thanks for the clarification. I still got few more queries..

i) Provided both of us fail to pay, the house going to lelong.. after lelong, it will automatically repay the loan amount rite?
ii)If the loan was under me, so call the third party loan.. my mum has no rights to re-finance witout my agreement and acknowledgment rote?
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leongal
post Nov 6 2009, 12:02 AM
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QUOTE(hkway @ Nov 5 2009, 12:49 PM)
Hi,all.

I notice the terms & conditions in the most letter of offer from bank (eps. in appendix attached) stated that they have the absolute discretion to vary the terms & conditions of the facility from time to time during the tenure.

Dunno why got such an unfair clause . IS IT MEANS THEY HAVE RIGHTS TO DO ANYTHING THEY WANT ???
*



I was wary of this issue too when i was asked to sign the loan application form

http://forum.lowyat.net/topic/1210033
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abyss8
post Nov 6 2009, 09:29 AM
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QUOTE(yiivei @ Nov 5 2009, 05:52 PM)
Thanks for the clarification. I still got few more queries..

i) Provided both of us fail to pay, the house going to lelong.. after lelong, it will automatically repay the loan amount rite?
ii)If the loan was under me, so call the third party loan.. my mum has no rights to re-finance witout my agreement and acknowledgment rote?
*




i) Yes, the loan will be settle after lelong. and your name also will be blacklisted and even in CTOS

ii) NO, your mom can do any refinance anytime because she do not need your personal documents to do so as she is the registered owner
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pricetheory
post Nov 6 2009, 05:09 PM
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apply on tuesday, Alliance offer me full flexi, waive ac maintenance fees
1st year fix3% , remain 29 year Blr-2.05
my loan amount is 274500
how u guy think?this offer good?
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yiivei
post Nov 6 2009, 08:14 PM
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QUOTE(yiivei @ Nov 5 2009, 05:52 PM)
Thanks for the clarification. I still got few more queries..

i) Provided both of us fail to pay, the house going to lelong.. after lelong, it will automatically repay the loan amount rite?
ii)If the loan was under me, so call the third party loan.. my mum has no rights to re-finance witout my agreement and acknowledgment rote?
*



thanks for the clarification. i guess i wudnt risk my name for it..
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klang-valley
post Nov 6 2009, 09:00 PM
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Below are the latest OCBC rate:

MLR-0.75% (current MLR rate is 4.4%)

BLR-1.8% Loan amount <RM500K
BLR-1.9% Loan amount >RM500K

If you want to apply OCBC home loan in Klang Valley, feel free to PM me.
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kbandito
post Nov 6 2009, 09:13 PM
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I have got replied from two different bank on reducing the interest rate package for my two different properties.

Property #1 - HSBC
The current rate I am serving is BLR - 0.65% for first 5 years, BLR +0.25% for next 5 years.
HSBC rejected my request with the reason I am still in the lock-in period.

Property #2 - Citibank
Current rate I am serving is BLR + 0.5%.
Citibank accepted my request, new offer is BLR - 1.00% for the next 4 years, BLR - 1.5% for the whole tenure after that.

I am going to dump all my excess money to the HSBC Flexi, leaving a few hundred ringgit mortgage outstanding.
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dbosz
post Nov 7 2009, 08:28 AM
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Hi all,

I am looking for a housing loan . Would prefer the items as below:

- Property price RM200,000
- new completed
- MOF 100%
- Prefer Islamic, but will also consider others
- Tenure 30-35 years. (max)
- ZEC
- Age 30 years old

please PM me the best rate.

Thanks.
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low yat 82
post Nov 7 2009, 08:39 AM
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QUOTE(dbosz @ Nov 7 2009, 08:28 AM)
Hi all,

I am looking for a housing loan . Would prefer the items as below:

- Property price RM200,000
- new completed
- MOF 100%
- Prefer Islamic, but will also consider others
- Tenure 30-35 years. (max)
- ZEC
- Age  30 years old

please PM me the best rate.

Thanks.
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more or less same wit me..


ther eis soo many package... which 1 is to choose? headache... any1 can recommend a reasonable n knowledgeable lawyer to me for sortin out all d legal stuff...
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dunknwy
post Nov 7 2009, 11:49 PM
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QUOTE(low yat 82 @ Nov 7 2009, 08:39 AM)
more or less same wit me..
ther eis soo many package... which 1 is to choose? headache... any1 can recommend a reasonable n knowledgeable lawyer to me for sortin out all d legal stuff...
*



May I know which bank you tie up with? I am the mortgage advisor of several banks so I can help you get the lawyer.
Kindly PM me. Thanks.
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