-solved-

This post has been edited by Puchong Family: May 26 2013, 06:47 PM

Another bump, but while I am here, might as well add some questions.

Is CCRIS updated every month (how frequent)?

Is it 100% guarantee that there's no lock in period for OCBC?

Thanks.

1. It is updated every month, as in on a monthly-basis by the creditors (banks),but there may be a lag of 1 month so do not be surprised when you see that the latest month column in your CCRIS is empty. This is not a hard and fast rule, though. Some banks are fast with updating your information to CCRIS

For those who are settling their loans to get that particular loan entry out of your CCRIS record, then it is prudent to wait for about 1 and a half to 2 months because the creditors (banks) may take their time to report to CCRIS that your loan has been closed.

2. The no-lock in period only applies to OCBC Al-Amin. Lock-in period applies to conventional OCBC housing loan.

hihi...what kinds of documents should i get after buying from developer including successful loan application from bank?

It appears that i have nothing on my hand,only some letters and correspondences...

1) SNP?
2) Redemption Statement?
3) Title Deed?
4) Loan Agreement?

Help.....Thanks

just curios when do you actually pay the balance of the house price? Let's say I got 70% bank loan. Is it before S&P or after S&P? By when do I need to pay until penalty is imposed? sorry noob here.

Need your advice,
I had 1st house purchased and just refinancing. Bank value 500k, refinance 350k.
Now I intend to get another new house around 650k. Will I eligible for 90% loan or otherwise?
My commitment is 1.5k/ month and rental is 1.4k/month.
Current nett salary is 3.6k. My company had quarterly incentive average 4k/quarter.
I would intend to loan 550k. Can I use my parents property as gurantor or grant what ever? The property is fully settled.

Thank you

park here for later revision

Hi, hope this thread is still alive. Want to ask, my parents have a house, rent it out. Lets say the property value is rm400k. Loan to bank left only around rm100k.

So, my parents are planning to give the property to me. So, is it possible if when applying loan I state the value of the property rm400k, but only ask for RM100k finance? the amount is just used to cover the remaining old loan.

And if in this scenario, can take out epf rm40k or just rm10k?

In your case, why don't just ask your parent grant your name as the ownership of the house ? You going to loan 100k and cover the existing loan?? It's does not make sense for me..

There is still a balance of 100k with the bank. Can just change ownership of the house without changing the loan name?

Hi all bankers and agents :

We are husband and wife would like to refinance one of our properties and getting other unit of property.

(A) Cash bought a property and now want to get loan for it.
Details of borrower :
Age : 40 year old
Salary (Nett) : Rm2200 (Without contributed to EPF, but with
bank statement proved.)
Rental Income : Rm1200
Commitment : Rm6000 total outstanding of credit card.
Case : Ctos case just cleared on Feb 2014

Q1
It will be taken as new housing loan for 35 year tenure or consider 10 year refinance loan?
Q2
Any problem to get loan with the just cleared Ctos case?
Q3
Able to get 100% loan amount from property value?

(B) Details of borrower : ( Purchases case)
Age : 37 year old
1st Job Salary(Nett) : Rm3700 (EPF contribution exemption
approved by Government )
1st Job Fix Allowance (Nett) : Rm400
2nd Job Salary (Nett) : Rm2400 (Without contributed to EPF,
but with bank statement proved.)
Rental Income : Rm1500
Commitment : Rm6000 total outstanding of credit card.
: Rm 2040 monthly repayment for two properties.
Case : Purchases a property price
Rm300k but bank value only Rm270k.
Q1
Able to obtain loan for property bank value Rm270k?
Q2
Any case for bank not taken 2nd income in calculation?
still able to obtain loan for property bank value Rm270k with only 1st salary and fix allowance?
Will the following be help to improve the income?
Got Other property which SPA and loan from bank under 3rd party name, monthly repayment Rm670, current rent out Rm1400. Have documents proven the said property under us. (Not SPA documents but from lawyer firm). Tenancy agreement under our name as well.

Basically we need to solve :
Cash out the cash bought property from getting bank loan which borrower just settled ctos case feb 2014, for the couple to purchase a unit of property priceRm300k, but bank value only Rm270k, need to pay 30% down payment as it is 3rd properties and top up the difference of purchases value and bank value; which total Rm126k excluded other fees.

If any banker or agent can answer our questions and provided easy, good interest rate package and better bank value for both case, please pm us. We will give you the details of properties.

Thanks a lot

What is the impact if BNM change to other plan by not using BLR as reference anymore?

Existing BLR user still using BLR or changed to follow new plan as well?

According to this: http://www.bnm.gov.my/index.php?ch=en_pres...ess_all&ac=2976



Well, it appears the current housing loans will remain to refer to BLR/BFR. It's only for the new loans/refinancing executed after 2nd January 2015 that will use the new Base Rate.

However, as the Base Rate changes, so will the BLR/BFR.

Anyone mind to share the process of refinancing?

I own a condo for 5 years with my wife
and now we are getting our second house

is there any luck to get refinancing for first house so that we can get more fund on renovation?

Wow, this guy is good. Risk taker.

Example :

current commitment : 2.1k /500k housing loan

if i use a 4-5k tenancy agreement, for this house,

+ my job only freelance, tak tetap,

possible i loan another 200k for my family house?

please advice