owh... no!.. hishh. thanks all... really aprtiate that.. i hope there will be any discount on MRTA and Legal fee..

That's the only thing we have to pray god.. haha. But the showroom using 1.5" meaning still acceptable if they want to con the tiles....

In contrast, I believe that we should not apply the loan from as many bank as we can.

In fact, we should learn how these banks select their potential customer or future customer. Some bank look at both your CCRIS and CTOS records, some not. Its depend on the way banks works. Most of the time, bank will look at your monthly commitment level. For example, OCBC can even accept your application even your current monthly commitment is equal to your earning. But, bank like CIMB, may accept up to 60% to 70%. You may ask your mortgage consultant/ banker to know this further.

Here, Only you know how your CCRIS or CTOS record look like, thou you never see their record. I believe you know your payment records before, either it is good or bad. Either you did miss at least minimum monthly balance or not. Therefore, from here, you should be able to know how to select which bank you should apply.

My advice is, apply up to 3 banks at the same time, never go to too many banks at the same time. But, please understand what are the bank requirements...

What is the consequences when a bank out of many banks that you apply reject your application?
This will create a black point in your CCRIS records (not black list ya, but not so good record only) that may affect your future application. Once a bank see your CCRIS record, and they found this, they will check your detail in thorough and may delay your loan approval as more documents might be required. Sometime, your loan application is rejected not because of you are not financially capable, but it just simply because this bank has stringent requirement compared to other bank. And once they rejected, they write a report to CCRIS, and you will forever carry this record with you...This is what we are trying to avoid; bad record.

So always go to as max as 3 banks at the same time. Be smart in choosing your banks, and not simply apply to as many banks as you can.

But no harm you go to all banks if you have a good credit records! It will help you to have a bigger option to choose rather than stuck to only one offer! Options is Power! But, dont take a wrong step

Mind me if I accidentally swap over between CCRIS and CTOS as I am not coming from financial background. But one of these organization, they looking at your credit records.

just to share my experience

Bank negara have prohibited banks to provide financing to legal fees and insurance too
starting january-2010

i am using zmc/zec package
applied the same day 23-Dec-2009 i book the unit

When offer letter is coming out (took a lil bit more than 2 week) it is already january
they put offer letter date at 31-dec-2010, i like it

This post has been edited by AbangCorp: Jan 20 2010, 06:44 PM

Remember, never sign your S&P till your loan application is approve unless if you have enough fund because you never know how much loan going to be approved, is it 80%? is it 90%? etc... so many things to look at first.

Referring to quotes above, as I did wrote before, S&P is standard legal documentation, set and protected by government. Only few schedules (e.g. schedule H, etc) at the back is changeable or editable to suit to your project specifications. We need to make sure, details in this schedule are correct, your personal details are correct, etc. The rest is standard. On top of it, basic block layout, floor layout, ur unit layout, ur car park layout attached. And, please make sure these details are correct too.

The reason why we need to make sure loan approved first before signing S&P is because of we want to know how much margin of advanced that the banks willing to give to us, as a buyer. Hope this help!

As much as you want to study your S&P in a great details, but as I explained earlier, it is a standard legal documentation. I am like you as well before, so eager to know and study everything It is good to read it thou it will added your knowledge! end up, knowing that, actually, S&P is a standard legal documentation *my own experience...

--> Therefore, check the schedules behind, check the details of project, check the attachment!

Letter of Offer and Agreement Letter (if im not mistaken, but this the one given to you by the developer, once you sign your S&P *forget the doc name) is important, and these document accompanied by S&P, which is a standard legal documentation for these duo.

Same goes to Loan Agreement, it is a standard legal documentation, but what makes it different is your bank offer letter

This post has been edited by fiecks84: Jan 20 2010, 07:28 PM

Hi WINLEE,

my unit is B5-1X-0X

I submitted to OCBC and HSBC.
HSBC's are as good as OCBC but only need a RM10 per month to maintain the loan acc after our so called "no hassle 3 yrs". Meaning that no chargers within this 3 years and charge u after that until end of ur loan.

Good is that u can bank in and withdraw without any write in .. but OCBC need u to fill up a form and leap time is 2 to 3 days.... and can do in all branches, unless local bank which need u to do it at the branch u apply for loan.

At first i was thinking of HSBC but OCBC came in halfway.. and the offer is as good... no harm consider another one..

SC loan is more for investor to consider.. if u are going for own stay.. forget bout that.. bank in extra and withdraw need write in or phone call..

HOPE THIS HELP U IN MAKING DECISION..

hi can anyone explain to me what is the `adjustment rate` that stated in sixth schedule under(chart at last page of S&P schedule H)?thank you

price per square feet

yup, exactly

Hi, my lawyer also from henry & co, did you get the developer agreement also? Or just the S&P copy???

Can anyone from phase 2 can confirm is it all the unit include Type L,M,S1 and S2 come with the 2 air cond,2 shower screens and 2 water heater point?

can only confirm L and M have 2 air cond and 2 shower screens.. S1 and S2 have olny one shower screen cos another bathrom is too small to make a glass partition there..

I nvr heard anything bout water heater points..

Can i Join....

join what?

the discussion?

open arm

You are fast dude

Abang Corp & Eugene,

Thanks a lot.
Open minded & Good temperament

Welcome Cannot Tahan

Anyone got any updates on the 1120 sales? anyone heard of water heater point(s) for phase 2?

Is it need to get our loan approved only signing S&P??

how the phase 2 open ? i rgister but no one call me..
haizz.. 4got abt it