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 Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!

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wild_card_my
post Aug 28 2018, 02:17 PM

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QUOTE(LTL93 @ Aug 28 2018, 02:15 PM)
For subsale

And I am salaried employee
*
These are the basic documents required for subsale application, joint-applicants to provide as well:

PERSONAL DOCUMENTS
- NRIC front-back (do not cross)

PROPERTY DOCUMENTS
- Booking form provided by agent
- Relevant pages of current-owner's SPA
- Individual/strata title (if available)

EMPLOYMENT/CONTRACTUAL DOCUMENTS
- 3/6 months payslip (6 months for commission earners)
- 3/6 months bank statement
- Latest EPF statement
- 2 years EA form (for bonus calculation)
- Job letter offer (for new employees)

OTHER INCOME DOCUMENTS
- Stamped and valid tenancy agreements (for rental income)
- 6 months Bank statement (to verify rental income)
- Investment passbook/statement (for ASB, unit trusts, Tabung Haji)

lifebalance
post Aug 28 2018, 02:28 PM

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QUOTE(LTL93 @ Aug 28 2018, 02:05 PM)
Hi, I wish to apply for housing loan, is this the right place to post? If yes, any loan agent here can help?
*
QUOTE(LTL93 @ Aug 28 2018, 02:15 PM)
For subsale

And I am salaried employee
*
Yeah I can help you

Need the following info

Age
Gross pay
Nett pay
Rental income
Asb
Bonus 2015 2016 2017

Commitment
House
Car
Personal loan
Credit card outstanding
Ptptn
LTL93
post Aug 28 2018, 02:32 PM

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QUOTE(wild_card_my @ Aug 28 2018, 02:17 PM)
These are the basic documents required for subsale application, joint-applicants to provide as well:

PERSONAL DOCUMENTS
- NRIC front-back (do not cross)

PROPERTY DOCUMENTS
- Booking form provided by agent
- Relevant pages of current-owner's SPA
- Individual/strata title (if available)

EMPLOYMENT/CONTRACTUAL DOCUMENTS
- 3/6 months payslip (6 months for commission earners)
- 3/6 months  bank statement
- Latest EPF statement
- 2 years EA form (for bonus calculation)
- Job letter offer (for new employees)

OTHER INCOME DOCUMENTS
- Stamped and valid tenancy agreements (for rental income)
- 6 months Bank statement (to verify rental income)
- Investment passbook/statement (for ASB, unit trusts, Tabung Haji)
*
Currently, dont have property doc yet, come back to you once i gt them

But, not to show here right?
lifebalance
post Aug 28 2018, 02:35 PM

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QUOTE(LTL93 @ Aug 28 2018, 02:32 PM)
Currently, dont have property doc yet, come back to you once i gt them

But, not to show here right?
*
Have you found the property you want to purchase?

If not you can find it first then later you can request the copies from the owner of the property to process for loan


LTL93
post Aug 28 2018, 02:41 PM

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QUOTE(lifebalance @ Aug 28 2018, 02:35 PM)
Have you found the property you want to purchase?

If not you can find it first then later you can request the copies from the owner of the property to process for loan
*
Yes, just paid for the booking fee
lifebalance
post Aug 28 2018, 02:43 PM

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QUOTE(LTL93 @ Aug 28 2018, 02:41 PM)
Yes, just paid for the booking fee
*
Okay, then you may request from the owner to pass you the copy of the SPA and Title for the loan application purpose.
wild_card_my
post Aug 28 2018, 02:50 PM

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QUOTE(LTL93 @ Aug 28 2018, 02:32 PM)
Currently, dont have property doc yet, come back to you once i gt them

But, not to show here right?
*
Dont show here. The ideal way of doing this is to choose someone to help you with the process. You can go directly to the banks, approach a mortgage broker, or ask an insurance agent to help you for your mortgage application

The person helping you will ask for all the documents and information from you including the documents that i have listed above

Since it is a subsale, and you have paid the booking fees, time is of the essence

This post has been edited by wild_card_my: Aug 28 2018, 02:51 PM
LTL93
post Aug 28 2018, 03:04 PM

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QUOTE(wild_card_my @ Aug 28 2018, 02:50 PM)
Dont show  here. The ideal way of doing this is to choose someone to help you with the process. You can go directly to the banks, approach a mortgage broker, or ask an insurance agent to help you for your mortgage application

The person helping you will ask for all the documents and information from you including the documents that i have listed above

Since it is a subsale, and you have paid the booking fees, time is of the essence
*
ok,thank you very much!
kevyeoh
post Aug 28 2018, 10:04 PM

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hi all...may i check if local banks like PBB and MBB offers flexi loan? as i heard today new loans offered by banks, typically they require you to have a minimum amount outstanding and does not allow you to clear as much of the loan as possible...

last time banks like HSBC and Citibank offers flexiloan where you can just deposit and withdraw money as you like... so that was really flexi and convenient...

thanks!
lifebalance
post Aug 28 2018, 10:09 PM

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QUOTE(kevyeoh @ Aug 28 2018, 10:04 PM)
hi all...may i check if local banks like PBB and MBB offers flexi loan? as i heard today new loans offered by banks, typically they require you to have a minimum amount outstanding and does not allow you to clear as much of the loan as possible...

last time banks like HSBC and Citibank offers flexiloan where you can just deposit and withdraw money as you like... so that was really flexi and convenient...

thanks!
*
Yeap there are semi and full flexi available for PBB and MBB.

You can make prepayment up to 100% but it's not recommended as the system may auto trigger that you intend to fully settle your home loan.

QUOTE
last time banks like HSBC and Citibank offers flexiloan where you can just deposit and withdraw money as you like... so that was really flexi and convenient...


Such facility is available in PBB and MBB, not just limited to HSBC and Citibank

There are 2 flexi account available.

Semi Flexi
- Normally comes with withdrawal fee
- No need to maintain current account
- Will need to wait longer for your money to return back to your savings account
- No monthly fees
- Usually recommended for people who are not business owner 

Full Flexi
- Normally doesn't come with withdrawal fees
- Need to maintain current caccount
- Don't need to wait for your money to go back to your current account to make withdrawal
- Monthly fee to maintain your current account
- Usually recommended for people who runs a business as money comes in from businesses, it will save interest on the daily rest. And the business owner can use that money again a few days or weeks later for his business.

kevyeoh
post Aug 28 2018, 10:22 PM

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For semi flexi, is it long to wait for the money to deposit back to savings account? if within 1 week, i think still very ok...

thanks

QUOTE(lifebalance @ Aug 28 2018, 10:09 PM)
Yeap there are semi and full flexi available for PBB and MBB.

You can make prepayment up to 100% but it's not recommended as the system may auto trigger that you intend to fully settle your home loan.
Such facility is available in PBB and MBB, not just limited to HSBC and Citibank 

There are 2 flexi account available.

Semi Flexi
- Normally comes with withdrawal fee
- No need to maintain current account
- Will need to wait longer for your money to return back to your savings account
- No monthly fees
- Usually recommended for people who are not business owner 

Full Flexi
- Normally doesn't come with withdrawal fees
- Need to maintain current caccount
- Don't need to wait for your money to go back to your current account to make withdrawal
- Monthly fee to maintain your current account
- Usually recommended for people who runs a business as money comes in from businesses, it will save interest on the daily rest. And the business owner can use that money again a few days or weeks later for his business.
*
lifebalance
post Aug 28 2018, 10:23 PM

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QUOTE(kevyeoh @ Aug 28 2018, 10:22 PM)
For semi flexi, is it long to wait for the money to deposit back to savings account? if within 1 week, i think still very ok...

thanks
*
Nowadays with online banking, it's almost instant
wild_card_my
post Aug 29 2018, 10:09 AM

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QUOTE(kevyeoh @ Aug 28 2018, 10:04 PM)
hi all...may i check if local banks like PBB and MBB offers flexi loan? as i heard today new loans offered by banks, typically they require you to have a minimum amount outstanding and does not allow you to clear as much of the loan as possible...

last time banks like HSBC and Citibank offers flexiloan where you can just deposit and withdraw money as you like... so that was really flexi and convenient...

thanks!
*
they do. both full and semi-flexi. Some even have hybrid- OD+term loans

QUOTE(kevyeoh @ Aug 28 2018, 10:22 PM)
For semi flexi, is it long to wait for the money to deposit back to savings account? if within 1 week, i think still very ok...

thanks
*
You mean for a withdrawal? yes it will take a few days upon request
dizzymon
post Sep 2 2018, 10:44 AM

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Hi I also wanted to apply Home loan.
Is a sub sale house.
I am a salary man.
Since this is my first home.
Can you list out some of the benefits i am entitle.?
I have the house title, pay slip, EA, and EPF ready
wild_card_my
post Sep 2 2018, 11:02 AM

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QUOTE(dizzymon @ Sep 2 2018, 10:44 AM)
Hi I also wanted to apply Home loan.
Is a sub sale house.
I am a salary man.
Since this is my first home.
Can you list out some of the benefits i am entitle.?
I have the house title, pay slip, EA, and EPF ready
*
1. Noticed you mentioned you have the documents ready, but for reference, these are the documents that you would need:

PERSONAL DOCUMENTS
- NRIC front-back (do not cross)

PROPERTY DOCUMENTS
- Booking form provided by agent
- Relevant pages of current-owner's SPA
- Individual/strata title (if available)

EMPLOYMENT/CONTRACTUAL DOCUMENTS
- 3/6 months payslip (6 months for commission earners)
- 3/6 months bank statement
- Latest EPF statement
- 2 years EA form (for bonus calculation)
- Job letter offer (for new employees)

2. Benefits for a first time home buyer:

a. Exemption of up to RM5,000 stamp duty on the SPA if the house is cheaper than RM500,000
b. Exemption of up to RM1,500 stamp duty on the Loan Agreement if the house is cheaper than RM500,000
c. It is possible to get 100% loan margin if you want to

lifebalance
post Sep 2 2018, 11:14 AM

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QUOTE(dizzymon @ Sep 2 2018, 10:44 AM)
Hi I also wanted to apply Home loan.
Is a sub sale house.
I am a salary man.
Since this is my first home.
Can you list out some of the benefits i am entitle.?
I have the house title, pay slip, EA, and EPF ready
*
Firstly I need to check on your loan eligibility, you may provide me the following info

Age
Gross pay
Nett pay
Rental Income
ASB
Bonus 2015 2016 2017

Commitments
House
Car
Credit card outstanding
Personal Loan
PTPTN

Secondly as a salaried person, you'll need the following doc to buy a subsale house
IC
3 months payslip and bank statement
EPF 2018 Statement
EA Form 2016 and 2017
SPA and Title of the property from the owner
Booking Form (if purchase via agent)
kevyeoh
post Sep 2 2018, 02:50 PM

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My I know why NRIC cannot cross? What if potential abuse on the NRIC?

QUOTE(wild_card_my @ Sep 2 2018, 11:02 AM)
1. Noticed you mentioned you have the documents ready, but for reference, these are the documents that you would need:

PERSONAL DOCUMENTS
- NRIC front-back (do not cross)

PROPERTY DOCUMENTS
- Booking form provided by agent
- Relevant pages of current-owner's SPA
- Individual/strata title (if available)

EMPLOYMENT/CONTRACTUAL DOCUMENTS
- 3/6 months payslip (6 months for commission earners)
- 3/6 months  bank statement
- Latest EPF statement
- 2 years EA form (for bonus calculation)
- Job letter offer (for new employees)

2. Benefits for a first time home buyer:

a. Exemption of up to RM5,000 stamp duty on the SPA if the house is cheaper than RM500,000
b. Exemption of up to RM1,500 stamp duty on the Loan Agreement if the house is cheaper than RM500,000
c. It is possible to get 100% loan margin if you want to
*
lifebalance
post Sep 2 2018, 03:04 PM

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QUOTE(kevyeoh @ Sep 2 2018, 02:50 PM)
My I know why NRIC cannot cross? What if potential abuse on the NRIC?
*
You can cross out as bank Home Loan application only if you want to
wild_card_my
post Sep 2 2018, 09:40 PM

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QUOTE(kevyeoh @ Sep 2 2018, 02:50 PM)
My I know why NRIC cannot cross? What if potential abuse on the NRIC?
*
Usually people cross it wrongly, so I would just ask them no to cross. Some banks stipulations about crossing them. For example, the crosses cannot be "printed" and has to be "inked/using-ballpen". So if the clients cross ahead of time before sending them over, the print out for the "cross" will appear printed.

Of course, this doesn't happen if the documents are sent in person, where the cross can happen live and with the proper wording like lifebalance have mentioned.

On that note, some people put there "for bank's use only" which doesn't protect them from other uses.
addison250
post Sep 13 2018, 11:38 AM

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Hi, would like to know about commercial loan (shop lot), which bank offer good rate for shops?

Any agent can PM me.
Thanks

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