Feb 23 2010, 06:27 PM
sorry to hear that you had an unpleasant surprise from the OCBC.
We do have a capping of 2% for ZMC package, which was enforced for a certain period of time previously. For your scenario i suggest you to call back the mortgage broker to sort out the matter. There's nothing much can be done at the stage of progress thou.
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This amount has to be settled before they proceed to title transfer?
Yes.
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is 2% enough to cover?
if the loan amount is less than RM 300k, it is very likely that its not enough. Customer may have to pay for the difference on their own.
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checked with the bank that the loan agreement fee borned by the bank is capped up to 2% of the loan amount, and my loan amount was too small...so i had to pay the difference....
but is that such clause?
but is that such clause?
Yes, if your op for ZMC package, it should be written in the Main Letter Offer (first 6 pages).
Hope the above helps.
Let me know if you need any clarification from my side.
This post has been edited by merce: Feb 23 2010, 06:30 PM
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