RM2840 NET INCOME

RM2840 X 0.6 = RM1704

PROP RM380K per month will be RM1629 per month

ABLE TO LOAN

ur FD is under which bank ?

ok no problem.
do contact me if you need help in loan application.
0168681373 =)

OCBC

yes I am, How may I serve you ? =)

of cos you don't get business loan from ocbc, go for alliance. I fully recommend you that

Bro Wrong info
is 80% for OCBC land and building.

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

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 =)

U wont be listed in CCRIS, but bare in mind that u as a guarantor, if the borrower ever default, you will be the bank target to repay the loan. and the outstanding default will be shown in ur ccriss, this is how cruel the wolrd can sruface.!

1) whether you plan for investment or ownstay, have different way to target.

2) FLEXI wil always be a great choice, as you can put in extra cash to pay off ur capital, and you are able to withdraw your money anytime. But, bank charges you RM10/ MONTH.

Hence , SEMI will also be preferable too, RM10 SURCHARGED based on every withdraw transaction. Just that, u wont be having atm card, and chequebook.

3) first thing first RATE is always the king. RM550K can go up to BLR-2.5

4) Entry cost can be finance into the loan.

5) first thing first, if it's a subsale property. I will help u get the exact value RM550K in a day, and then will advice you on the required document. Within 3-4 working days. Ur loan will be announced.

Need more help, don't hesitate.

ANYONE need advice on their loan .

Don't hesitate to ask .

Hi
its not a difficult question

1) 1St property joined loan with mine bro

1)This can be done by refinancing and turning it into the name of ur brother, this is what we call half share purchase. Then only ur name can be removed
or
If the property loan has been settled. Then you can just change pull ur name out with a new LEGAL CONTRACT. (EASIER)


2) Be a guarantor and purchase a property put under ur families name then u can secure 90% margin of financing!

The first home scheme is for people having trouble making monthly payment.

you guys seem having a healthy income.

Grossincome
10k for joint applicant only eligible

5k for individual borrower

so it seems u guys has srpass the cap limit.

just getting 90% margin finance will be great too.

and I can introduce you guys 130% MARGIN OF FINANCE

7 years appreciation from 180K- 300K . A total 66% appreciation yield.

Ur question is subjective to everyone, let me do the number for you.


2007 RM180K
-Loan 90% @RM162,000
-DOwnpayment @ RM18,000
-Installment @RM781 (X12months = RM9372)
-Miscellaneous LVS @ RM5,000
-Maintenance fees @ RM200/Month

-Total initial capital outlay @RM23,000

2014
CAPITAL GAIN @RM 120,000
-EQUITY @RM120,000 + RM18,000 = RM138,000 (IN THE brick)

U made a total RM138,000 in 7 years
COCR = (RM23,000+ RM9372X7) / RM138,000 = 64%
CONSIDER not bad for investment

REFINANCE the property


DO consider ur income eligibility for 10years DSR based on ur net income.
consider this ur 1st house, still eligible for 90% MOF

- Refinance RM300,000 X 90% @RM270,000 (new loan amount) - RM140,000 (outstanding amount)
- CASH OUT @RM 130,000
-REPAYMENT increase from @RM781 ------> @RM1302
-Equity still lock at @RM8,000

ASSUME the property appreciate another 10% at 2015 @RM330,000
-CAPITAL at equity RM8,000 PRofited at RM30,000 ( CAPITAL GAIN)

TOTAL ROI EQUITY OF @26%

not a bad investment.

CASH out amount RM162,000 can used to create income to purchase further property. (This one we leave it aside first, but 20% return on equity is good)


2. SELL OFF THE PROPERTY

-Sell at RM300,000 - (RM180,000) =@RM120,000
-AGENT,lvs, Misc = RM 12,000
-Balance profit RM 108,000 + Initial capital RM 18,000 =RM126,000++ CASH OUT APP
-NO RPGT SINCE 7 YEARS PROP
-Benefit to free 1 quota of house purchase.

Lets say you use this money to purchase a property at klang valley area goo quality property RM500,000 / 800SF
-Down payment @RM 50,000
- Early bird discount 5% RM25,000
-BOUGHT 2 unit
-PORTFOLIO Invested =RM50,000 (2UNIT TO BE completed on 2017)
-mof 90% RM500,000 X2-------->(RM1,000,000 MORTGAGE)
-Total repayment for 2 unit /month =rm4259
-RM126,000 (CASH FLOW) - RM50,000 (DOWN PAYMENT) = RM76,000 (to pay off progressive interest or to be prepare for desperate seller deal)

-Assume the property has a 6% capital yield RM500,000 6% =@RM30,000X2 =RM60,000 TOTAL CAPITAL GAIN ON BOOK VALUE

-Capital on investment RM50,000 with RM 60,000 CAPITAL GAIN
-Remaining cash flow of RM76.000

total 120% ROI

SUMMARY

Option 1 (RM130,000) CASH FLOW - (RM300,000) DEBT - (RM30,000) PROFIT - (26% ROI)

Option 2 (RM126,000) CASH FLOW - (RM1,000,000) DEBT - (RM60,000)PROGIT - (120% ROI)

which one will you choose ?
PRos and cons applied. haha


This post has been edited by Madgeniusfigo: Dec 9 2014, 03:42 AM

No problem.

at ur service !

The rate have to depends on ur total loan amount.

Very easy, just go to any OCBC branch, and ask for loan rate readjustment.

No fees will be included.

Hi, i am under 5 bank panel license.

For 100% housing loan :

Must be a Malaysian citizen
First time home-buyer
Individuals up to age 35 years
Single borrower gross income not exceeding RM5,000/month and joint borrowers gross income not exceeding RM10,000/month (based on gross maximum income of RM5,000/month per borrower)
Repayment of total financing obligation must not be more than 60% of the net monthly income or maximum financing limit of the participating bank, whichever is lower
Residential properties located in Malaysia
Minimum property value of RM100,000
Maximum property value of RM400,000
Owner occupied (buyers are required to reside in the property)
Residential properties located in Malaysia
Minimum property value of RM100,000
Maximum property value of RM400,000
Owner occupied (buyers are required to reside in the property)

This post has been edited by Madgeniusfigo: Sep 10 2015, 02:58 PM

Hi,

I am Mr ng.
My company has 5 banks under its panel.

Maybank, Rhb, Hong leong, Ambank, OCBC.

How can I help you?

You are saying, purchase the property A.

Property A mortgage loan borrower will be the wife, husband will be the only chargor for that property?

A = B

This is a 3rd party loan.

Not many banks accept this kind of deal but it can be done.

May I know more in-depth regarding the borrower's detail? So that I can analyse in full whether they are able to purchase the property.

1. Income (borrower)
- net salary
-OT
-Allowance
-Bonus

2. Supporting income (borrower)
-Tenancy agreement
-ASB
-Shares
-Fixed deposit

3. Debt / commitment (borrower)
-Hire purchase loan (Purchased amount)*
-Housing loan (Outstanding amount)
-Personal loan (Credit limit)
-PTPTN (Oustanding)
-ASB loan ( total oustanding amount)
- Overdraft ( Credit limit)

4. Background (borrower)
-Occupation