I got my credit report from bank negara yesterday. Is it safe to furnish the report to the banks which I'm going to apply the housing loan? 1 of the agents requested me to furnish the report.

According to the agent, their system would not show in details of the loan, for example, the name of the bank that provides the loan and the loan details such as the account#.

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Added on January 25, 2012, 6:23 pmI've another query. When I was still studying overseas some 15-16 years ago in the States, I recalled that I've some outstanding credit cards that I overlooked paying. The amount is not big at all, probably 3 to 4 hundred dollars and the bank concerned are local banks to the country. My concern (not sure this is the right place to ask this) is that whether any agency will blacklist me and bar me from entering the country, for example during visa application or when entering the immigration?



This post has been edited by awdarr: Jan 25 2012, 06:23 PM

Thank you for the advice. I guess I will know then when I apply the visa.

Hi, normally when will one sign the loan agreement after signing the loan offer? Based on the agent, we only sign when signing the S&P together. Is it true? I forgot how my previous property signing was. It was some time back then.

Also, the LO I've signed did not state whether it's DIBS and the loan tenure did not include the DIBS period. The agent told me this is a standard LO format and assured me that this project is under DIBS and bank's record already showed such and will not bill me to pay the interest during under-con. It's just not show in LO due to format. Do I need to worry? (The bank is panel to this project which offers DIBS).

Another question is for full flexi loan under DIBS, when will we need to open the current a/c, after VP? This is my first property with DIBS and thus, no experience with it. The banker told me I do not need to pay RM10 monthly fees for the full flexi a/c during the construction period (again this is not stated in the LO, it's just verbal assurance).

Thanks.



This post has been edited by awdarr: Mar 11 2012, 12:26 PM