This is the refinance ruling if you want to cash out extra money.

The cash out portion will calculate at 10 years tenure whereas the original loan amount is calculated at 35 years depending on ur age

If you feel that this impacts ur refinance amount then I would recommend you to take with AIA fixed rate loan for refinance as calculation will be calculated at 35 years for cash out and original amount.

No refinance ruling is not applicable when it's a purchase of a property. Calculate for the full loan amount is as per 35 years tenure

If you reapply as full flexible loan.

Option 1.
Remain same loan amount just change to full flexible then calculation is 35 years

Option 2
Cash out a little extra on top of the previous loan amount and the cash out portion will subject to 10 yrs calculation and revert back to 35 years upon passing the dsr test and old loan amount portion is calculated based on 35 years.

If totally debt free. Whatever amount you want to refinance will subject to 10 years calculation then revert to 35 years. This will be a burden towards your dsr calculation due to the 10 years calculation

If you don't mind non flexi loan then AIA fixed rate loan will help you as refinance portion is calculated at 35 years for any amount and of loan above 500k can get zero moving cost meaning free loan agreement and valuation fees.

No problem glad to help =)

Cannot

Ya correct.

That's the strata title

Depends on how fast the land office work. Lawyer will always help you to follow up as it only depends on the paperwork trail with the land office.

Land normally maximum financing is only 10 years, 15 - 20 years don't really have nowadays

Hi

Based on your profile

Taking a loan up to RM1.2 mil is not a problem

But at the same time need to make sure ur CCRIS record is okay like PTPTN and other loan repayment history.

Feel free to let me know if you have any question or need any help with loan application

Hi,

950k shouldn't be a problem as I've assessed your pay to entitle up to 1.2 mil, feel free to let me know so I can guide you through the buying process

Is the credit card outstanding alot and what's the monthly you need to pay for these 2 facility in your credit card ?

Do you clear it off every month?

Yes it will as it's an added commitment monthly but you're still able to loan 1 Mil after deducting the credit card commitment.

So shouldn't be a problem to apply

I will help you put in a mitigation for your case.

May I know what type of land is this ??

Residential ?
Agri ?
Commercial ?
Bungalow land ?

I can finance up to 25 years

This post has been edited by lifebalance: Jul 20 2016, 11:30 AM

Then can apply up to 30 years or 65 yr old whichever come first

Noted, will keep in touch with you.

Once you apply ca get the news within 3 to 4 working days

Without the LHDN stamping, it's invalid

If they are on their 3rd month now then it's fine, get the stamping from LHDN, can be done in a day.

RHB - 4.3%

Furthermore you'll pay less for monthly commitment as you just need to deposit RM1000 to waive the RM10 monthly fees. But RHB full flexi is not really full flexi as you have to manully transfer from ur CA to ur loan acc.

But other than that, still pretty good.