Get the contact & name of the valuation firm from banker.

Call the valuation firm directly and make sure it is Panel to the 3 bank you interested.

http://www.jsvaluers.com.my/CU-Selangor.htm

Cheers

Hi, would like to ask. Recently me n my gf plan to buy a new development service apartment named Oasis 1 Tower B under TLS developer. The property price is about 560k. I tried ambank, rhb, pbb but unfortunately they said my DSR is too high which is 75.4% including the oasis 1 apartment. Currently me n my gf having nett income 4600 and we having 2 cars which is 642 and 468 per month. Can i know are they any panel banks for this project? I heard ocbc can tolerate maximum 80% DSR. Please feel free to pm me. Thanks

This post has been edited by JyMuffin: Nov 24 2014, 12:52 AM

Yes, OCBC at 80% and HLB at 85%, both of which I can help with. Do provide the car loans' LO to prove the installments though.

However, since this is going to be a Joint-Loan, OCBC's DSR for 80% requires a minimum nett income of RM5000, of which you two is RM400 short.

As such, let me help you with HLBB application.

This post has been edited by wild_card_my: Nov 24 2014, 09:45 AM

Hi, I'm a Malaysian, I would like to ask is it possible to get 100% Skim Rumah Pertamaku while I'm working in Singapore? Thank you.

ok got it. thanks for the info.

Ive successfully worked on a number of 100% loan scheme with multiple malaysian banks, but this would be the first for a Malaysian working in Singapore. But I have asked my handler and the only requirements and limitations are listed in terms of salary, age, and house value.

Let me know if you need a mortgage broker to work with you on this matter. My consultation services are free by the way, I get my commissions from the banks.

Yes, can try.

but based on your income and the purchase amount of your property.

This scheme are cater for middle income class.

criteria

1) Must be malaysia of cos.

2) 21years and above

3) 1st property

4) not more than RM5000 income

5) Mx property price RM400k

and most important

6) Meet the criteria of DSR 60%

any more inquiries, do ask .

This post has been edited by Madgeniusfigo: Nov 24 2014, 09:59 PM

Hi all, I got flexi loan from HLB, if i have extra cash, to reduce the interest charges, should I put the fund in current account or the loan account?

HI Guys,

Here is TERMS & CONDITION ftrom ALLIANCE BANK for fullflexi account. They call it SAVELINK TERM LOAN ACCOUNT linked to SAVELINK CURRENT ACCOUNT

however when i checked at their online website for the package it says TERM LOAN + OVERDRAFT... does it serves same purpose like fullflexi ?

According to snapshot sent by mortage officer looks like no hidden charge, capping or minimal balance. But i still do not understand why that person never take snapshot of single photo from clause 4 to 5, instead of sending part by part. Something smell fishy...

Do you guys understand what that terms talking about, do you feel the same way i felt ?




This post has been edited by GHOSTVIC: Nov 25 2014, 07:16 PM

Hi bro, I would like to know about the chances of loan approval if a local (Malaysian) combine his name with a foreigner(expat) for the house loan.

Take note that the house is under local (Malaysian) name, foreigner name is only added in the loan application so that the local can meet the loan acceptance criteria of minimum income.

This post has been edited by cynix008: Nov 25 2014, 11:56 PM

Can you elaborate on the working condition of this foreigner? What kind of job he/she is working as?

May I know which bank offer 110% loan for 1st time buyer?

I have done 100% loan before for a number of my clients, but at 110%? Well OCBC may be able to help you with that especially with its renovation loan. In that sense you can get up to 120% but they are of different terms, tenure, and interest rates.

Hehe. Seem asking too much.

Then , how usually people do when the valuation from bank is lower than the sell cost. I try to avoid paying hefty amount of upfront.

Well.. that... can be arranged. But the idea is that the valuation of the property has to be higher than the selling price. It's up to the banker/broker like myself to persuade the valuer for a higher amount but the success rate cannot be guaranteed.

Loans are usually given at 90% of the house value, so if the property valuation is higher than the selling price, the amount of loan is also higher thus may be able to cover the selling price in total, or partially. But the selling price has to be agreed upon beforehand between you and the seller, in that eventhough the selling price stated in the SPA is based on the the increased value, when money changes hands it would only be based on the lower value (agreed selling price)

This is deemed illegal by the way, if you are going to do it you have to be careful and use a trusted banker/broker

This post has been edited by wild_card_my: Nov 26 2014, 05:39 PM

any bank currently do mortgage refinance with 0% legal fees?

Hi all sifus,

Good day to you all! I want to apply joint home loan with hubby, details as follows:

Double storey house, first property, under construction, RM293,800.
Combined net salary is RM5,500 per month, after epf, pcb, socso.
Loan commitment is RM514 per month (one car).
I have savings and credit card in MBB, savings and FD in PBB, salary goes into RHB but I will transfer to MBB/PBB every month.
I have never defaulted in car or credit card payment.
Only problem is, we were overseas last year (only came back this year), so 2013 EA form no money one.

Which bank can get the best interest rate based on this? I only want flexi loan. Any bankers can help are very welcome to PM or reply me here.

Also, is it true that developer panel bankers will give less competitive interest rates? My developer bankers are MBB, PBB, HLBB, RHB.
And my friends told me that for home loan, should take as long as possible, and then pay as much as possible to reduce interest. This is actually flexi loan, right?

Thank you so much!

This post has been edited by summerdazed: Nov 26 2014, 10:18 PM

YUP
OCBC can get you up to 130% Margin financing.

its a perk applying loan with OCBC.

=)

HSBC if I am not mistaken.

been sometime I entertain HSBC bank loan.

anyone to verify this ?

SEMI and FLEXI is almost the same.

Income

NET INCOME @RM5500
Spendable Loan income = RM5500 X0.8 = RM4400

DEBT
1) HOUSING LOAN RM 293800 35years = Around RM 1460/ MONTH
2) Car loan = Rm514

spendable income > debt

able to get the loan , and 90%

RATE will fall in 2.1-2.3

YES flexi.

need help, do contact me =)