I got a question, does Commodity Murabahah Home Financing-i offered by maybank considered full flexi too? Because when i try to apply for a conventional full flexi, the bank agent recommended me that instead. He told me it is exactly similar too full flexi because we could open a current account and dump in money to reduce interest/tenure and still have the authority to withdraw any amount in times of need. Is it true? I have yet to apply any loan yet, just curious about this. Some more the effective rate is 5.15%. Aint it abit high?

When customers apply through me for Maybank, I always recommend Homeequity-i instead. It is the one most closely resemble a conventional loan, but with Islamic principles of course. It is in essence a buy-and-lease contract, as you stay in the property you pay rent to the bank that owns a larger share of the property. At the same time, you buy back the banks' share. Rate is between 4.4 to 4.6% depending on credit profile, loan amount, project/subsale.

Thanks for your kind suggestion sir . But in terms of repayment plan for homeequity-i, how does it fare compare to a conventional full flexi provided if we have extra amount to dump in the current account. And btw, how do u summarize the commodity murabahah home financing-i. Does it have the same eligibility as conventional full flexi?

With Home equity-i you can still dump the money into the account and it will still reduce the capital thus reducing your daily chargable interest. Eligibility is the same, DSR the same too.

Some random person called me wanting to meet up to offer their services whereby they claim that they can save my housing loan interest by 50%. When I asked for their website they gave me this a very badly done website with lots of grammatical errors: http://fis2u.com/#1

Anyone knows anything about this? Is this a scam? I don't want to waste my time hearing marketing talk when if I know its just rubbish.

This post has been edited by Yapmy: Jul 14 2015, 05:01 PM

hmm weird, is it refinance?

According to him, its not. When I asked for more details, he insisted that we meet up so that he can explain.

Any ocbc banker here? If yes plz pm me. Got a housing loan wanted to apply. Tq.

may i know if my salary only RM1990.43/MONTH and have car loan for RM462/month. in advance i have running a tailor shop that net profit RM1200/month. Do i still can make RM280k housing loan? THX

Contract position easy to take loan?

Hi,

No problem to get loan. as long as the contract still valid.

Thanks

No problem. But depends with bank, not all bank prefer contract position

any banker from PBB? I'm looking for house loan.

also, any banker from Ambank and RHB? please drop me contacts. looking for housing loan

May we know how do you prove your income from tailor shop?
By form B? Do you declare income tax on your salary and income from tailor shop?

Thanks

Hi. Therr is possible to get the loan as long as the contract is within period. Not yet expired..

both ambank and hong leong have revised their base rates (3.99 to 3.8% and 3.99 to 3.84% respectively). Im just curious will other banks follow suit.

Dear mortgage advisers,

Currently my wife and i have few properties on hand but mostly are positives cash flow. Sure, you will wonder we should have a list of mortgage advisers, why seeking help here? Reason are we are not aggressive investor and most of our mortgage adviser either resigned or bad services. So we are seeking help here hope you could assist.

Before I provide my PDF documents, I would like to know what is your requirement to calculate amount of loan we can borrow.

Thanks

Hi guys,

I already own a landed property which was bought last year @ RM480k. Now, my wife is going to buy another property under her name (an apartment @ RM200k). This will be her first ever property and she's a government staff FYI.

The thing is, we are running short of cash and looking for some easy entry costs whereby the downpayment, legal fee, lawyer fee, stamp duty can have some discount, waived or perhaps covered by the loan itself. Is it possible?

The property is a sub-sale apartment in Damansara. Thanks!

Any cimb banker here? Please pm me..