Hi,

How to do re-finance and what's the procedure?

Which bank do you think offer the best re-finance?

CIMB

why CIMB? benefit?

i refinance with cimb, but they don't offer the best rates in town

eon bank offers -2.2%
hong leong offers -2.0% first 5 yrs, thereafter 2.2%

cimb offers -1.95%, and all above are flexi

reason i took cimb, well no.1, the customer service was better than the others, she wasn't pushy, at least i got my own time to consider.

and most importantly was because of its convenience, i have multiple accounts and investments in cimb, so i guess it reduces the hassle to transfer money to pay for bank loans, hence i took up cimb's offer.

HSBC -2.1% and no upfront cost if using bank's panel lawyer

Any Hong Leong ppl around? Want to do refinancing.

can check Std Chartered, it was lowest early this year when I refinanced. Better compare few banks, just call one by one to ask the rate, shortlisted few banks & make an appointment to meet them. Must do it fast coz everyday is counted interest.

Better be fast, TS still got 7 days left.

Hi all, I've pm-ed some of you. Do check.
Yes, you are right, Hong Leong does offer a good package with good T&C.

A friend of mine just bought a house (sub-sale). The seller's bank is Hong Leong. The bank is VERY slow in their processing. Even though the loan redemption has been done by the buyer's bank, HL bank still taking their own sweet time. The seller is also impatient liao.

uob BLR-2.2
PBB blr-2.3

ZEC

Hmmm... actually, the speed of disbursement is subjective. It normally takes approximately 1.5 - 2 months from submission of documents to disbursement. On the bank's side, preparation of documents, valuation and background checks normally take ~2 weeks or so. But the preparation of legal documents takes about a month.

This is an unavoidable time frame. If it takes longer than two months, then some problem or additional documentation needs to be sourced. If you are taking a loan from any credit institution, you will be dealing with either a banker or a mortgage broker. It is up to these customer service representatives to update you on the process of the loan. Then chase the bank side and the legal office to give more priority on your application and expedite the process.

This is why choosing a good broker is important. Of course, as far as brokers go, we wouldn't want to work with bankers or legal reps if they are slow and unfriendly. So we have the choice to select different legal reps or different banking establishments or branches.

just apply few bank and compare,
goh from citibank here
016-3372335

PM me too.. i'm finding bank to refinancing my house.
- house more than 10 years
- normal terrace house in ipoh
- should be below 100k

reason to refinance - too many loan (credit card, personal loan) so need to close all shiit hole n focus only 1 in the meantime coz i only got 1 cover. lol.. know wat i mean？

maybank here
0176506060

may i know the amount you want to refinance so i can quote the interest for you. thanks.

If the house is still under master title and has not yet been discharged. Is it possible to re-finance?

50k?

check the top right angle of malpf.com, lowest BLR is 5.25% from Royal Scotland and cheapest house loan from Affin Bank BLR-2.3%

hope it helps.

This post has been edited by mtsen: Oct 25 2009, 03:41 PM

I submitted my refinance with BANK ISLAM for my house BLR - 1.75%.....loan up to 90% of market value.

Any other attractive offer than this?

my house nearby ukay perdana and i bought at 260k on 2003 and now current market price is 370k+-

my personal experience when refinancing with Alliance Bank wasnt good. however they offered a better rate compared to a few bank. i hope this helps

I'm a Business Advisory Officer on BLR management. I can help you to reduce your mortgage loan interest and shorten your tenure, no need to refinance. For more information, please call 010-5443933 (Chester). TQ.

wow, no need refinance but can save interest and reduce loan tenure, so great. how come never heard of this service before? mind to share?

Any restriction for re-financing? For example, if i bought a house at RM100K, and finance it with XXX bank with a no lock-in period package, then after 3months, the price sky rocketed, and i want to re-finance it with YYY bank at current market value, is this possible? Can I still get the 90% MOF during re-financing? hehe....like that i can get some cash out mah...

usually NO-LOCKIN package allow you to sell-off the property w/o any restriction. if you wish to refinance with this type of package, usually the bank will also charge you early exit fee. this package suitable for investor only.

in OCBC, normal refinance with cash out only allows upto 80%. pure refinance allows upto 90%. some other bank allows upto 85%-90% for cash-out and non cash-out refinance.

sure alliance bank is lower rate than other bank ?
what the benefit?

well, this was for my case at that point of time. It may differ from case to case, not necessary Alliance always the lowest.

what benefit do you expect ?

The company that I work for was incorporated in March 2008, what we do is BLR management. It still consider is a new service in the market but in the US, UK and Australia already started more than 10 years. We will provide advise to you how to save your interest and shorten your loan tenure. First, we will reviewed your loan, then do some calculation see how much you can save.

how about RHB Bank?? thinking to ask them to reduce the interest rate and change the package...

So your job is nego with bank to revise our loan interest? or just ask ppl to top up for installment every month? What's does BLR management mean?
Can tell more detail about your service plz. Thanks

my loan in HSBC still under bonding period, 3rd year. loan amount only RM100k. like my case, can save meh?

Just share my experience here.I am just a consumer & my experience as below on both new financing & refinancing
CIMB-Not best rate,but very flexible n willing to accommodate
HLB-Offer letter very fast,after that down the hill.Using unprofessional lawyer that needs upfront deposit but takes more than 6mths for disbursement.Till now,still waiting!FYI:Nothing wrong with my account & this is puzzling me..opportunity cost lost!

Folks, I'm interested in refinancing my house, currently with maybank (rm240K)

Any sales/officers here, please contact me via PM.

Thanks.

This post has been edited by VeeJay: Nov 22 2009, 07:35 PM