hmm dont know leh, no pick up call or anything

any ZEC / free legal documentation package available?

type: housing loan (refinancing)
property: double storey terrace
location: PJ, Selangor
Freehold / Leasehold: Leasehold
Valuation: ~ RM500K
loan required: ~RM300K (just to pay off existing bank)
purpose: interesting saving / flexi loan

please pm. thank you.

Zero Moving Cost
AIA Fixed Rate 4.99%
CIMB non-fixed rate 4.3% - 4.4%

Financed into loan
CIMB
RHB
MBB
HLB
Alliance Bank

Not many banks are offering zero moving costs, even so their interests are less competitive. Eventually the cost they absorb will charge on your monthly installment, e.g AIA. AIA offering near to 5% interests whilst commercial banks offering around 4.4 - 4.5% without absorbing any cost.

You may choose refinance loan amount at higher amount to cover your entry costs and enjoy lower interest rate.

I'm working in SG. Buying property located at KL, Looking for housing loan agent who based in JB. Pm me we discuss in whatapps. Thanks all taiko

I still confused as why bank still wrote in the agreement as "Term loan" instead of "Full Flexi" or "Semi Flex" loan. Standard?

* HLB Loan

The letter offer is a template that the officer normally will just print which sometimes you'll come across things like OD terms although you applied for term loan.

I'm applied for Semi Flexi but the agreement wrote "Term Loan". where the officer indicated it was correct

Yea don't worry about it.

May I know if is undercon or subsales?

If is semi flexi, it will indicate product name as housing loan, if is full flexi it will be housing loan plus.

Term loan because is a contact between you for a certain period.

undercon

You can provide me the following info to check on ur loan eligibility first

Age
Gross pay
Nett Pay
Rental income
Bonus 2014 2015 2016

Commitment
House
Car
Credit card outstanding
Personal Loan
PTPTN

Please also add on any bank commitment in Singapore as well

DEAR

1. don't worry, Certain bank offer letter will written as term loan for the amount

2. just look at the product name and the product summary table, for ur reference whether it's semi or full flexi

CHeers

Hi All,

Currently i plan to refinance my home loan - any advise on best refinance package from bank

That depends on your purpose of refinancing
1. Consolidate debts
2. Interest rates
3. Cash out for other purposes

And based on your different purposes will also determine what sort of packages is suitable for you and whether you're eligible or not to take up the refinancing.

Dear cheejiun,


First question, why do you want to refinance?

1. to cash out or to change name or to get better interest rate?

Fill in below details, so that I can provide you an accurate solution

1. Refinance to change ownership?

2. Who's the spa and borrower right now? and after refinance, remain the same or change?

3. You wish to cash out ?

4. What's the property type?

5. How much is the outstanding loan currently with existing bank?

Cheers

Appreciate if you could share the following details

1) Purpose of refinance
- change of ownership?
- cash out?
- looking for better rate?
- debts consolidation?
- reduce housing loan quota to get 90% eligibility?

2) Type of property?

3) Current market value

4) Name in SNP, name in loan

5) How much is current outstanding, which bank property is encumbered to?

6) Conventional loan or Islamic loan?

7) Has lock in period expire in current loan?

I got an offer from bank A, should i take it and sign it first ?

Or wait for bank B offer first and compare ?

If i had sign the letter offer, is it a must i have to take the offer ?

It's best for you to wait for the other bank offer before signing any Bank Letter Offer because it may subject to a cancellation fee if you decide to sign and take another bank offer subsequently.

I have the same questions too regarding on refinancing. you can pm me for more details. Thanks.

This post has been edited by shinoxun: Oct 23 2017, 04:08 PM