Today got a lady called me from dunno what mortgage services. Name is K...

She say will submit my doc to MBB , HLB and UOB. So far HLB revert and say can offer 80% loan only as they know developer giving 10% discount.

Then I ask her to submit for MBB and UOB see see lo can get 90% bo.

this is pre loan approval, normally will be lower. Wait until the actual Advertising Permit (AP) and Building Plan (BP) secured. Then Banks will be more confident to provide more loan as per quota allocated by their HQ.

Developer still not calling me yet. I wonder why they are not doing it at one go? Are they picking the more handsome guy first?

last time i go to submit the doc,SA said will sign S&P on Dec , the AP approved on next month...

Dear all friends,, kindly provide ur detail pls:
windwind 84 & friends - lv20 - 3units (B1) facing silk
Peri Peri                    - level 13 type c2, facing silk
danilo5753                -  L10, type c2 facing highway
Jazz87                      - L9 both units (B1) facing highway
watermelon71            - L2 C1
cloner                      -  7-17 (B1) facing silk
bakacupid                  - L12-30. type A2 facing high way
cheraspeople            - 942 sf at level 8 facing highway , a1
IdoIdoIdo                  - Level 19 (2 untis), 999sf & 1124sf, level 17, 1021sf,facing Bdr Tun Hussein Onn
rainmay                    - L14-B1 facing silk
jootat                        -L4 & L5 (1124 sf); facing SILK
ahsoh                      - L7 942sf facing???
wchinwai                  - L2 - Type C1 - Facing SILK

bro peri also L7 = level 13

i provide GRO 

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Added on October 25, 2012, 2:57 pmGuys, i present you, your future MRT Stations



From Silk Residence to

1.  Bandar Tun Hussien Onn Station (Park & Ride) - less than 3km

2.  Balakong Station (Drop & Ride) - less than 2km

3.  Taman Koperasi ( Park & Ride) - follow google map route, less than 4km. I think got short cut from Giant there which will be much nearer

Horray 

oic ,  L7 = 13th floor. So many neigbours.

Not sure for own use or invest later, coz not use to live in 1100ft2 layout

I had collected the rm5k deposit receipt from SA redi.

Same old story, AP by next month.

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Added on October 25, 2012, 12:34 pmguys, do you know that this SILK Residence got 'SKY LOUNGE" 

will be the next new with full services condo in Balakong 

Facing silk mean facing pool right?

Me & frens total 20+ units for facing both

Bank called me, UOB 90% BLR-2.3%.
She say developer will get AP very soon. I have 7 days to accept this offer, anyone got the same thing here?

tell UOB, add in the minimum 5 years MRTA which cost less than rm 1300, i think they will give u -2.4%

I will choose UOB or RHB

They say if go for HLB can get 2.35 but 80% only.
For 2.4 @ UOB, they need me provide additional info like FD to appeal. I no put FD now. Not sure what else I can provide.
Can I just put in FD next week or too late? lol

2nd property ><

Bank agent called (Ms K) said the OUB bank loan approved. BLR - 2.3%, Legal Fees and stamp duty financed into the loan but partially only.  AP approved last week according to her.

i ask my uob friend do it,,, try get -2.4 with mrta... lol
hihi...

ya ... 90% ... but forgot to ask how long is the tenure ... lol ... may be can get 39 years ...
according to Ms. K, if want to get better rate then need to show FD statement (from any bank) around RM 150K 

i am your neighbour + 2 more units facing silk.

20 unit facing pool from level 8 to level 12

I have some information

The construction beside Silk Balakong Residence is " Motor Vehicle Mercedez Ben showroom" construction.

near to kubur (cemetery)??

Better secure the loan.  If any one want to let go sure regret if no choice.  The price had increase , the sticker board replaced new price. The incremental is 17% ,discounted new price vs discounted old price.  If before discount new price or snp pricevs discounted old price would be 30%. This refer to my unit.

SA told me they never publish the new price. Because all fully book.  Show me a stack of Waiting list form and these guys will deal with new price. All these decide by their boss. New price will be a launching price.

Congrats to all the early birds.

The MLTA is Hong Leong assurance. Insuring 300k for 2.3k PA for my age. During the 32th year if I surrender, can get back 120k+ like that to cover the remaining loan. So it could possible save some repayment years.

Also, if I have another property next time can just top up using existing package (lock in my current age) and also it's transferable to another property in case I sold this prop.

Not sure it's really worth, some sort like an insurance. I don't know how to judge~ Please advise maybe I still can cancel it if not really worth

double gosh, soli to hear that bro, but are u expecting to use 32 years to pay up ur home loan?

Exiting the MLTA or transfer to other prop is still the same purpose. Do you know that if u dispose early says less than 7 years, the refund is almost unbelievable low?

What if when u reach the year 10th and u suddenly cant serve the annual premium rm 2.3k, u know what they will do?

There are a lot terms and conditions to such MLTA as it is recurring fees and very long service tenure. Your expose risk is way way higher.

Are u comfortable to use Hong Leong Assurance as ur service provider? Malaysia no 01 insurance is great eastern then follow by prudential. Why UOB did not choose them as for ur MLTA provider? Do u know how much UOB had earn the commission if u taken MLTA from Hong Leong Assurance?

BTW, ur MLTA covers on what? Life insurance? Fatal Accident? Permanent Disabilities? 36 Critical illness? Do u think the UOB mortgage office is qualify enough to explain all these on behalf a insurance company?

Even prudential also cant guarantee how much i could get back after mature of my premium because depending on annual profit and dividend from them.

These smart smart insurance player in market and if u know how they run the business, they actually suck in all ur premium 1st 10 years as so called "their fee" then they only start invest and save ur money after 10 years but if u still maintaining your MLTA policy. 10 years later, who know what happen?

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Added on November 12, 2012, 1:51 pm
MRTA is one time installment but cannot retrieve after matured. Thats why very very cheap

MLTA is like = life insurance + accident + saving + investment , but premium very very expensive.

Peri gor, thanks for the analysis.

I just called up the lady. My UOB letter offer is 40 years, the MRTA must take full 40 years. Is there such a case like this? It's around 12k for MRTA.

Please help~

bro, 12k for 40 years still ok lah. RM 0.82 premium a day

i got mine MRTA for RM 0.60 premium a day only.

Different insurance company different rates, just make sure the coverage is sufficient ( i mean the type of coverage)

Clarified again, the banker say for this project we need to take MRTA for 40 years. Same for HLB as bank more strict now.

I insisted her for the minimum 5 years MRTA, and waiting her to get back to me. Will update again.

12k eally expensive? I not sure the rate eh..

Feel like being cheated. I was told by SA few months ago since I 1st meet with them facing BTHO units all sold. 

it is not easy to get AP now....

Govt is doing more check to avoid case like the batu cave...

how is the progress at site?