Are shares consider one of the saving?
What are the documents need to submitted to prove that the shares are own by me? Bursa statement?

I am inexepriance in refinance, so correct if I am wrong.

What else details you need?
I though loan amount is sufficient?
If you want to know about loan term/duration, let say 10 or 15 years, what will the interest rate figure is?

The difference compare to my loan and my friend's 2 years old contract is about 1%.
Based on the figure I try on http://www.calculator.com.my/home-loan-calculator for a 15 years loan, the different is around rm50 per month (rm9k for 15 years).
So my concern is IF i able to reduce the rate by 1%, will it cover my refinance fee/charges?
Based on my no experiance in refinance calculation, IF fee/charges is less then rm9k, this refinance plan is considerable right?

Dear All,

I need advise , for basic salary + commission earners which bank is recommended to apply for mortgage loan to get best % of salary input. Want to apply for housing loan..

looking for a full flexi home loan package for 520k property, any promo or good rates can recommend?

looking for full flexi type, 4.4 consider ok lor... is it fixed or br and blr related?

aia 4.99 fixed, also fully flex?
lock term?

not great deal there...
thanks for your input thou...

I am currently tied to OCBC HL where interest was raised recently. Looking for refinance mainly for the purpose of reduce interest rate. Any fee i need to pay and good offer from the bank?

@lifebalance, Thanks for responding. I would like to know a few items, assuming my new loan amount is 390k.

1. how much is the loan agreement fee?
2. how much is the valuation cost?
3. Monthly installment for 30 years and 35 years.

Preferably local bank for stable interest rate(my perception).

Any promotion from the bank for lawyer fee or valuation fee?

Hi, I would like to know few things, assuming my new loan is 200k.
1. How much do I need to pay for for legal stuff, stamp duty and etc.
2. Monthly installment if 30 years

beside legal fee, valuation fees and stamp duty, any other charges I need to aware of?

I am looking to invest in properties using a LLP/Limited Company via JV with friends. I heard the mortgage/interest rate will be higher this way. Does anyone know what is the mortgage rate for properties purchased using a business entity?

What about if I purchase residential property using a business entity (as investments or operate hostel)? Can I structured it for 90% loan ratio, and longer tenure?

In addition, does the partners/shareholders need to give personal guarantee?

I see. Interesting but if it is a new business entity that I set up for this property investment, there wouldn't be a track record. Can we put a sum of FD in the back, as collateral to back our funding?

I see. Appreciate your insight in this.

Btw me and my friends have accumulated some funds, and would like to invest in a portfolio of residential properties together. Plan to renovate the properties, and rent them out, perhaps either to our contacts as company hostels, or for airbnb purposes. We intend to formalise this arrangement using company (sdn bhd) or limited liability partnership. Any advice on how we can structure this?

Am thinking of using these structures/arrangement, but not sure if they are viable:

1. Set up the business entity, and pump in sufficient cash to use as collateral to obtain mortgage loans for the first property and build up our track record before expanding.

2. Set up the business entity, buy the first few properties by having partners all providing joint personal guarantee for the properties. Once track record is build-up, then future properties purchase loan has no need of personal guarantee.

Any other advice will be welcomed. We are very unwilling to fund first few purchase via all cash - as it will have a high opportunity cost.

Hi, I would like to know if i am able to get a housing loan with my current salary. What kind of details do i need to furnish?

Thank you.

I see. Interesting idea. But if I purchase it under individual now, and formed the company and maintain it for 2 years but don't anything with it (i.e. no business activities) - is it considered established for two years as well? If yes, I can purchase off the shell company that has been established for 2 years. haha.

Does existing credit card installments affect the eligible amount of home loan?