MGG have u go lawyer firm sign loan agg?

This post has been edited by Garmin_GPS: Sep 13 2011, 01:16 PM

Sudah signed...why ar?
my lawyer damn LC....damn it!

use ur 100k change to coin.. throw them..

can u pinjam me dulu 100k?
throw lawyer? later they sue me how?

Hi everyone, I am from Block C facing garden.

Today my loan just got rejected by PBB as they stop giving loan for ZR and not because of my document issue... so I was wondering is it due to the Talam issue... wat a drama~

Also, ZR agent told me that I have to sign the loan agreement with their lawyer as they hav fixed it to all the tenants... is it true? actually i got my own lawyer for the loan agreement n will offer 50% for me... otherwise i have to bare the lawyer fee which is about 7k... can anyone tell me more about this?

Developer ask for 30k upfront... Too much la, I just start working. They don't hv money arr?

Hi Vie, you only applied for PBB? what about other bank? we need apply 3 bank to secure your loan. if you think ur document have no issue, recommeded bank to apply are UOB and OCBC, within 1 week they can give u approval status.
may i know ur S&P lawyer? yes, the loan agreement have to go back to S&P lawyer in order to get S&P free.
if you really have ur own lawyer, u need get approval from trinity group.
Anyway, i have my own lawyer also. but i go back to the S&P lawyer which i dont want to get trouble in the end which cause of the late interest.
S&P also can give up to 50% discount. T&C applied .

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Added on September 14, 2011, 10:32 amyou can ask parents for the downpayments or you can go for KR2 which only pay 3% downpayments.
B4 ask for parents's $ , pls think that are you capable to pay back ur parents and the housing loan.

This post has been edited by MaiGehGeh: Sep 14 2011, 10:32 AM

isit go wisma SeeHoychan to sign?
manage to get discount?

no worry.. if u work zo few years, ur kwsp will have at least few thousand..
can pay them partially from withdrawing the $$
just have to see how urgent ur parent need that money..
if not urgent.. wait for 2 years + then only withdraw the money.. by then u have quite some money..
haih.. so nice.. the rate go up again.. -2.5
hopefully after 3 years it'll become BLR-4.5.. then i can refinance zo

This post has been edited by CKHong: Sep 14 2011, 02:59 PM

[quote=MaiGehGeh,Sep 14 2011, 10:14 AM]
Hi Vie, you only applied for PBB? what about other bank? we need apply 3 bank to secure your loan. if you think ur document have no issue, recommeded bank to apply are UOB and OCBC, within 1 week they can give u approval status.
may i know ur S&P lawyer? yes, the loan agreement have to go back to S&P lawyer in order to get S&P free.
if you really have ur own lawyer, u need get approval from trinity group.
Anyway, i have my own lawyer also. but i go back to the S&P lawyer which i dont want to get trouble in the end which cause of the late interest.
S&P also can give up to 50% discount. T&C applied .


Yes I am applying UOB now and sud b alright but apparently PBB offered better rate which is -2.5...anyway, for the safe side i will go for UOB now.
Regarding the loan agreement, did u able to get 50% disc from the S&P lawyer? Seriously, this is so ridiculous tat we need to stick to their lawyer. I have bought other properties b4 n never came across with this issue.

[quote=Vie Vie,Sep 14 2011, 02:57 PM]
[quote=MaiGehGeh,Sep 14 2011, 10:14 AM]
Hi Vie, you only applied for PBB? what about other bank? we need apply 3 bank to secure your loan. if you think ur document have no issue, recommeded bank to apply are UOB and OCBC, within 1 week they can give u approval status.
may i know ur S&P lawyer? yes, the loan agreement have to go back to S&P lawyer in order to get S&P free.
if you really have ur own lawyer, u need get approval from trinity group.
Anyway, i have my own lawyer also. but i go back to the S&P lawyer which i dont want to get trouble in the end which cause of the late interest.
S&P also can give up to 50% discount. T&C applied .
Yes I am applying UOB now and sud b alright but apparently PBB offered better rate which is -2.5...anyway, for the safe side i will go for UOB now.
Regarding the loan agreement, did u able to get 50% disc from the S&P lawyer? Seriously, this is so ridiculous tat we need to stick to their lawyer. I have bought other properties b4 n never came across with this issue.

[/quote]


the pbb offers -2.5 only for 1st year right?
not worth oso if need to lock in 5yrs

[quote=Garmin_GPS,Sep 14 2011, 02:52 PM]isit go wisma SeeHoychan to sign?
manage to get discount?

[/quote]
Why go SeeHoyChan sign loan agreements?
i signed at developer office...

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Added on September 14, 2011, 3:21 pm[quote=Vie Vie,Sep 14 2011, 02:57 PM]
[quote=MaiGehGeh,Sep 14 2011, 10:14 AM]
Hi Vie, you only applied for PBB? what about other bank? we need apply 3 bank to secure your loan. if you think ur document have no issue, recommeded bank to apply are UOB and OCBC, within 1 week they can give u approval status.
may i know ur S&P lawyer? yes, the loan agreement have to go back to S&P lawyer in order to get S&P free.
if you really have ur own lawyer, u need get approval from trinity group.
Anyway, i have my own lawyer also. but i go back to the S&P lawyer which i dont want to get trouble in the end which cause of the late interest.
S&P also can give up to 50% discount. T&C applied .
Yes I am applying UOB now and sud b alright but apparently PBB offered better rate which is -2.5...anyway, for the safe side i will go for UOB now.
Regarding the loan agreement, did u able to get 50% disc from the S&P lawyer? Seriously, this is so ridiculous tat we need to stick to their lawyer. I have bought other properties b4 n never came across with this issue.

[/quote]
For your case, i dont know which S&P lawyer u r using and this is subject to lawyer whether they want to give a a 50% disc. im curious your own lawyer only give you 50% whereby my lawyer giving me up to 70%? yes i manage to get 30% + 20% on the legal fees but have to pay cheque or cash cant FEC. is good to use back S&P lawyer u wont get the late interest problem next time. please think again b4 use other lawyer.

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Added on September 14, 2011, 3:27 pm[quote=CKHong,Sep 14 2011, 02:57 PM]
no worry.. if u work zo few years, ur kwsp will have at least few thousand..
can pay them partially from withdrawing the $$
just have to see how urgent ur parent need that money..
if not urgent.. wait for 2 years + then only withdraw the money.. by then u have quite some money..
haih.. so nice.. the rate go up again.. -2.5
hopefully after 3 years it'll become BLR-4.5.. then i can refinance zo

[/quote]
BLR-2.5 ? maybe just some project not all.
by the time -4.5 ,i think enocomic byebye ler...
i hope my parents could give me 30k downpayments as well and pay them back later

This post has been edited by MaiGehGeh: Sep 14 2011, 03:27 PM

oh... so its 2.5 for the 1st year only izzit..
but then i heard some other bank gives -2.5 for whole tenure rite?
as for my loan.. 1st year -2.5% as well

Whole tenure -2.5? that bank really desperate giving out $$?
as i know 1 bank giving BLR-2.5 whole tenure but full MRTA.
so what you think?
-2.4 or -2.5 full MRTA?

[QUOTE]



Ya in fact my lawyer has offered me up to 70% but the developer insists i stick to their lawyer... i guess i hav no choice and gotta fight for 50% disc from that lawyer... would u mind to share here how much is ur loan agreement fee after disc? thanks

[quote=Vie Vie,Sep 14 2011, 08:23 PM]
[quote][/quote][QUOTE]
Ya in fact my lawyer has offered me up to 70% but the developer insists i stick to their lawyer... i guess i hav no choice and gotta fight for 50% disc from that lawyer... would u mind to share here how much is ur loan agreement fee after disc? thanks

[/quote]
which ur lawyer? and u included in ur loan or you pay cash/cheque for the legal fees?
Roughly 5.5k-6k. good luck for your nego!

isit mean use their lawyer legal fee can finance with loan agg, use own lawyer cant ?

Sometimes the developer will tie up with the lawyer (of course with certain volume, thats why the developer helps u to decide which SPA lawyer you need to head to) and by then able to absorb the lawyer fee.

If you get your own lawyer, you might not pay full on the professional fee, but you still have to pay the after discount price.

For ease sake on the liaising between the SPA lawyer and the developer for documentation purpose, one should stick to the appointed lawyer.

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Added on September 15, 2011, 11:09 pmNormally the bank rejected your loan by giving the reason of not extending loan to the developer is they have burst the EF limit set by the management.

Imagine PBB managed to tarpao 50% of the ZResidence End Financing, from the viewpoint of the bank, there will be a concentration risk. So in order to allow the project to move on till completion but yet to protect the bank's interest, the bank shall share its market share with other bankers. This spread out the concentration risk, but yet could end finance the project till completion.

Perhaps your case so ngam ngam over the EF limit.

I do not think its due to Talam issue.

This post has been edited by jinyee80: Sep 15 2011, 11:09 PM

jinyee had good explaination!
im really speechless about the talam issue.....

I dont think we have any talam issue in Z residence only those dont read or understand will take it into cosideration.