Dear.

1. Nothing wrong with just refinancing RM400,000.

If you owe them Rm400,000 and wish to refinance just RM400,000, nothing is wrong, eventhough market value is RM650,000.

Refinance less than RM650,000 market value is because you don't need to cash out the extra money from the appreciation of your property.

Bank is A OK with this.

when apply for loan, just ask for margin of finance 62%, then you can get RM400,000 refinance loan.

2. Yes, you can opt for a bank that allows full flexi options for your newly refinance loan.

3. If it is debt free, it is called unencumbrance.

If it's debt free, you refinance RM400,000 means you are getting the cash out for your self use.

You are still entitle for loan tenure max 35 years, if our age is less than 36 years old.

4. Refinance loan bank debt calculation based on tenure 10 years, which will result in high commitments for some borrower.

However, because your loan is unencumbrance, your debt calculation will based on YOUR max loan tenure calculation, which will result in lower commitments. (Certain banks allow such calculation only) Hence, it depends on your financial profile whether you would need such to chose this certain bank for such option.

CHeers

Dear,

Usually when you successfully get bank financing, will auto open an account for you, hence it follows number of borrower.



Cheers

Dear,

No sweat, just my way as a netizen contributing to this thread!

Cheers

Dear,

1. Yes it is

2. Why it is written as Hakmilik strata right now is because the final title hasn't been completed yet and it takes time for the land office. After you receive the complete final title, it will be name as GERAN.

However, in the mean time, hak milik title won't possess any limitation or problem when transfer or sales purchase of your property.

Cheers

Dear,

1. Yes it take years

2. Well, LAWYER will update you, or you can call to the land office and inquire regarding this, they will duly inform you an estimated time.

Cheers

Dear,

1. I see your problem here as this is not at all a problem. Land financing goes from 10-20years loan tenure, depends on which bank you seek financing from

2. If you want 2mil and above without construction financing and purely land financing, 1 bank can offer 20 years of financing.


3. May I know few details:

A. Is this land is under agriculture?
B. Is it under malay rezab land?
C. I would need owner profile details to assess the max loan:



Cheers

Dear,

1. Yes there is land financing cover more than 10 years, FYI.

2. Go search for more details! You missed out few bank land financing options offered!

3. Just informing you, so that you know and can give a better solutions to your client.

Cheers

This post has been edited by Madgeniusfigo: Jul 19 2016, 05:24 PM

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 1,064,941.43
H*NG LE*NG 1,349,431.43
M*YBANK 1,064,941.43
*CBC 1,254,601.43
R*B 1,392,489.63
U*B 1,064,941.43
C*MB 1,349,431.43
AFF*N 1,238,351.43




2. My calculator based on assumption of your gross income, it's better if you guys could provide me with a more accurate of each individual gross income.

3. Loan tenure 35 years is not problem

4 The best bank to get the highest loan would be HLBB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

5 I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."


Cheers

Dear,

1. RM950K shouldn't be a problem, however need to do further due diligence on your profile before giving you my affirmation

2. I need to know:

a. YOur income is pure gross income or added with allowance and commission?

b. Wife credit card, may you breakdown the

Credit limit/ credit outstanding?
1. Rm3000/1000
2. Rm7000/500

Etc

Because the utilization % will affect your loan approval

3. If this is your 2nd loan, 90% margin of finance are allowed.

Cheers

Dear,

1. ok, do provide allowance details and contractual bonus and individual gross income, calculated max loan will be much higher. Well, your income is good for your target loan amount, however if you want to know the exact max loan you can get, do fill the below details for each individual.



2. Well, yes credit card does affect loan approval pretty much. However looking at your outstanding amount, I don't think it poised any problem to your loan application.

However, I will check your ccris before giving you any affirmation on this.

Cheers

Dear

no problem, I had leave my contact via your inbox

Cheers

Dear

it is more based towards agriculture.

Anyway, I need to look at the title and spa of your land before giving you any suggestions.

Cheers

Dear,

1. If you want to know maybank interest rate, it is 4.3-5.8% for various loan amount.

2. Maybank offer rate most of the time on your personal finance profile and not mainly on the loan amount. Even loan RM100K can get 4.45% interest rate. All basaed on your profile

3. Maybank comes with full flexi and semi flexi too.

4. May I know :

a. What's the property price you are purchasing

b. What fratures do you wish to get from housing loan offered by bank

Cheers

Dear,

1. full flexi package yes I can suggest you to few banks

2. If your profile is non complicated, it will approved quickly as usual

3. However, I will need to know your details first before I can suggest anything:



Cheers

Dear

1. Yes, it's true. Rental income can serve as additional income to boost your max loan eligibility.

2. Certain banks need stamping on LHDN on the tenancy agreement, certain bank you just need to show them the crediting of the tenancy income into the bank account that's enough. Hence, I need to assess your profile, whether you are eligible for all the banks. Hence, I can suggest you to do the simplest documentation method.

Yours will be valid, jsut need to make sure you are able to loan with the banks that allows such documentation only.

Cheers

Dear,

No problem


Cheers

Dear,

Dear,

1. I would need to assess your personal profile for max loan eligibility, do fill in the template as below:



2. For full flexi and semi flexi, below is the different:



Cheers

Dear,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 345,857.14
H*NG LE*NG 841,854.17
M*YBANK 444,898.81
*CBC 345,857.14
R*B 524,229.17
U*B 395,377.98
C*MB 494,419.64
AFF*N 532,690.48

2. However, you would need to reduce on your creditlimit RM8400 card, because the utilization has reached 89%, high chances for bank rejecting the loan. Do beware

You can either settle the outstanding loan and wait next month to apply loan, or settle and cancel the creditcard and able to apply right away with settlement letter

3. The best bank to get the highest loan would be HLBB and RHB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

4. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."




Cheers

Dear,

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 740,246.30
H*NG LE*NG 921,355.20
M*YBANK 740,246.30
*CBC 740,246.30
R*B 880,858.58
U*B 740,246.30
C*MB 800,615.93
AFF*N 853,485.56

2. May I know your credit card breakdown, so that I know the utilization of it

credit card credit limit / credit card outstanding amount
a
b
c
d

3. It depends whether it is inside the ccris record, if it is yes it will affect. But anyhow, there's way to solve it, no problem. For waiver, for high distinction reason, provide the letter of evidence then bank will accept it.

4. For CCRIS and CTOS check, We provide free service on it, just give me your IC info, I can help you check it for free, need your consent first.

5. The best bank to get the highest loan would be HLBB and RHB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

6. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."


Calculation table:


Cheers!

Dear

1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 590,689.02
H*NG LE*NG 780,999.32
M*YBANK 590,689.02
*CBC 590,689.02
R*B 764,922.41
U*B 590,689.02
C*MB 654,125.79
AFF*N 703,812.55


1b. The best bank to get the highest loan would be HLBB and RHB. However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."

1c. I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.

If everything goes fine, 90% shouldn't be a problem for you."

2.

A. Renovation loan where OCBC can get, but subject to approval

B. If the property market value received higher than the selling price, you can m*rk up the property SPA price, this need mutual consent from the seller and you with a proper lawyer facilitate this with black and white.

3. SUbjective, it really depends on the property location, demand and supply and vicinity commercial industries effect.

4. Your rental income, do you have 3-6 months banksatement showing crediting of the income monthly? or tenancy agreement stamped?




Cheers

Dear,

1. Ok, cc in good shape

2. If your ccris has no defaultment, then it shouldn't be an issues. TO remove the debt because of waiver, just provide the letter of waiver will be sufficient from KWSP.

CHeers

Dear,

1. Wooo 6.6%? May I know at that time, what's the loan amount you applied for and what year was that time?

2. 6.6% is very high, did you default few months and ocbc readjusted the interest rate to higher tiers?

3. Don't throw the letter away.. Lol.. do find out what's the reason and try solve it.

Cheers