Need to see your 2014 bonus

Reimbursement normally not considered as extra cash

Will need to look at ur document further

About 700k with 35 years tenure

This post has been edited by lifebalance: Sep 26 2016, 09:46 PM

What's the credit card outstanding?

Provide me the following info
Age 
Gross pay
Nett pay
Rental income 
Asb 
Bonus 2 years total 

Commitment 
House
Car
Personal loan 
Credit card outstanding 
Ptptn

What would you like to know about?

Hi

Based on your details provided you can loan up to 800k

Loan eligibility will varies from different banks depending on your salary

Interest rates will varies from bank to bank also depending on your loan amount.

a. If your loan amount is 400k, the current interest is 4.35%.

b. If above 500k, you're entitled to the lowest 4.3%.

1. You need to consider legal fee cost and stamp duty to be paid when you purchase a property. Which is normally about 5% of the purchase price

2. You need to consider mortgage insurance when you obtain your loan to secure your property in the event you are no longer around or fallen critically ill. Your mortgage insurance will pay off your loan. There is MLTA and MRTA in the market.

- source from iMoney

3. I will need to analyse your personal document and check on your CCRIS and CTOS to make sure that your loan will not encounter any issue such as late payment, special attention account and bad repayment history.

4. Feel free to let me know if you have any further questions.

This post has been edited by lifebalance: Oct 1 2016, 06:34 PM

With empty ccris it could be hard to apply for 90% loan, most likely margin might reduce to 80%.

How much do you intend to put in as down payment ?

You'll need to provide me the property as below to check for the valuation

Full address
Type of propety
Build up
Type of renovation done
Total cost of renovation

Hi

Based on your details provided you can loan up to 690k

Loan eligibility will varies from different banks depending on your salary

Interest rates will varies from bank to bank also depending on your loan amount.

a. If your loan amount is 400k, the current interest is 4.35%.

b. If above 500k, you're entitled to the lowest 4.3%.

1. You need to consider legal fee cost and stamp duty to be paid when you purchase a property. Which is normally about 5% of the purchase price

2. You need to consider mortgage insurance when you obtain your loan to secure your property in the event you are no longer around or fallen critically ill. Your mortgage insurance will pay off your loan. There is MLTA and MRTA in the market.

- source from iMoney

3. I will need to analyse your personal document and check on your CCRIS and CTOS to make sure that your loan will not encounter any issue such as late payment, special attention account and bad repayment history.

4. Feel free to let me know if you have any further questions.

This post has been edited by lifebalance: Oct 1 2016, 06:33 PM

1. Nope no such clause for the new loans not sure about what you signed in the past. If you got a photo can show me to read

2. If it'd explicitly mentioned base on outstanding then ya

Some is based on original loan amount

3 . You will need to inform the bank you intend to settle the loan, otherwise the account continues to charge interest on the RM1 which will be compounded further on daily rest

That's weird to have lock in period for 30 years

Better read the LO than to depend on the agent

Let me know again on your findings

Hi there!

Based on your details provided you can loan up to 760k

Loan eligibility will varies from different banks depending on your salary

Interest rates will varies from bank to bank also depending on your loan amount.

a. If your loan amount is 400k, the current interest is 4.35%.

b. If above 500k, you're entitled to the lowest 4.3%.

1. You need to consider legal fee cost and stamp duty to be paid when you purchase a property. Which is normally about 5% of the purchase price.

2. You need to consider mortgage insurance when you obtain your loan to secure your property in the event you are no longer around or fallen critically ill. Your mortgage insurance will pay off your loan. There is MLTA and MRTA in the market.

- source from iMoney

3. I will need to analyse your personal document and check on your CCRIS and CTOS to make sure that your loan will not encounter any issue such as late payment, special attention account and bad repayment history.

4. Feel free to let me know if you have any further questions.

This post has been edited by lifebalance: Oct 5 2016, 04:04 AM

if both bank offer the same 4.3% then just choose whichever bank you're more comfortable in or lower charges in overall facility. Otherwise if you still can't decide just close your eyes and flip a coin .

Once an offer is made by the bank to you, the only thing that changes in the future will be your base rate. You should only be looking at the total ELR which is BR + SR = ELR.

Hi there!

Based on your details provided you can loan up to 820k so purchase of 550k should be okay

Loan eligibility will varies from different banks depending on your salary

Interest rates will varies from bank to bank also depending on your loan amount.

a. If your loan amount is 400k, the current interest is 4.35%.

b. If above 500k, you're entitled to the lowest 4.3%.

Things you need to consider when buying a property
1. You need to consider legal fee cost and stamp duty to be paid when you purchase a property. Which is normally about 5% of the purchase price.
a. Determine who to include in Sales and Purchase Agreement and Loan Agreement.

2. You need to consider mortgage insurance when you obtain your loan to secure your property in the event you are no longer around or fallen critically ill. Your mortgage insurance will pay off your loan. There is MLTA and MRTA in the market.

- source from iMoney

3. I will need to analyse your personal document and check on your CCRIS and CTOS to make sure that your loan will not encounter any issue such as late payment, special attention account and bad repayment history.

4. Feel free to let me know if you have any further questions.

Better check with CIMB on this and also your offer letter during that time that you signed with. Normally the bank will send you a posted mail instead of email.

Dont think you can recover the money unless you can pin point the fault was from the bank for unable to give you sufficient notice of such changes.

But normally these kind of accounts things should be highlighted in the letter offer and upon opening your current account. Probably you've forgotten about it?

Most banks overall will give 4.3 to 4.35% now for that loan amount subject to your loan profile

Hi

Based on your details provided you can loan up to 600k

Loan eligibility will varies from different banks depending on your salary

Interest rates will varies from bank to bank also depending on your loan amount.

a. If your loan amount is 400k, the current interest is 4.35%.

b. If above 500k, you're entitled to the lowest 4.3%.

Things you need to consider when buying a property
1. You need to consider legal fee cost and stamp duty to be paid when you purchase a property. Which is normally about 5% of the purchase price.
a. Determine who to include in Sales and Purchase Agreement and Loan Agreement.

2. You need to consider mortgage insurance when you obtain your loan to secure your property in the event you are no longer around or fallen critically ill. Your mortgage insurance will pay off your loan. There is MLTA and MRTA in the market.

- source from iMoney

3. I will need to analyse your personal document and check on your CCRIS and CTOS to make sure that your loan will not encounter any issue such as late payment, special attention account and bad repayment history.

4. Feel free to let me know if you have any further questions.

Submit multiple banks is fine as long as not too many, around 4 - 5 is fine.

More bank application = more choices and you can choose.

Let me know if you have any further questions.

Hi there!

Based on your details provided you can loan up to 590k for another housing loan. Based on 35 years tenure since ur age is below 35

Loan eligibility will varies from different banks depending on your salary

Interest rates will varies from bank to bank also depending on your loan amount.

a. If your loan amount is 400k, the current interest is 4.35%.

b. If above 500k, you're entitled to the lowest 4.3%.

Things you need to consider when buying a property
1. You need to consider legal fee cost and stamp duty to be paid when you purchase a property. Which is normally about 5% of the purchase price.
a. Determine who to include in Sales and Purchase Agreement and Loan Agreement.

2. You need to consider mortgage insurance when you obtain your loan to secure your property in the event you are no longer around or fallen critically ill. Your mortgage insurance will pay off your loan. There is MLTA and MRTA in the market.

- source from iMoney

3. I will need to analyse your personal document and check on your CCRIS and CTOS to make sure that your loan will not encounter any issue such as late payment, special attention account and bad repayment history.

4. Feel free to let me know if you have any further questions.

Actually there is not much difference, in a 1 year period time if you've been paying on 14 days basis you'll noticed that you've paid extra 1 month installment this method.

If you are discipline to practice this throughout the year then good for you. Otherwise you'll need to monitor closely.

If that's a trouble for you, why not pay off 1 month extra upfront and continue paying monthly?

Haha

Yes some banks put it as compulsory. Some request to waive if possible

Just inform the banker