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

peace4ever
post Nov 6 2018, 11:13 PM

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Hi I have some questions about mortgage loan,
1. I am looking for second mortgage loan, will it be more difficult to apply?
2. My first mortgage loan is a joint name property total of RM2400 monthly, how does bank assess my second mortgage loan? Will the RM2400 commitment divide by 2?
3. I only have 2 months payslip since i just changed to my new job lately, is it sufficient to apply? if not, what kind of support documents will help?
4. My nett income is roughly RM6100, what is the maximum eligible loan amount?
5. Which bank provide the best rate and what rate is it?
jyu_bonk
post Nov 7 2018, 07:46 PM

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Hi, I’m a 1st timer in buying a property. Now in process of getting loan.

I apply with Maybank and was offer 4.5%, but banker call me last minute saying that the rate offer 4.5% is with MRTT taken, they’ll offer 4.75% if with MLTT.

I just want to make sure is this a common practice by banks? What is actually the current rate for Maybank (or any other banks)?

Thanks.
lifebalance
post Nov 8 2018, 12:04 PM

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QUOTE(peace4ever @ Nov 6 2018, 11:13 PM)
Hi I have some questions about mortgage loan,
1. I am looking for second mortgage loan, will it be more difficult to apply?
2. My first mortgage loan is a joint name property total of RM2400 monthly, how does bank assess my second mortgage loan? Will the RM2400 commitment divide by 2?
3. I only have 2 months payslip since i just changed to my new job lately, is it sufficient to apply? if not, what kind of support documents will help?
4. My nett income is roughly RM6100, what is the maximum eligible loan amount?
5. Which bank provide the best rate and what rate is it?
*
1. Depend on your income and commitment

2. Yes generally taken as 1/2, there are case to case basis where the commitment is taken 100% by certain banks

3. No issue, can still submit your loan application

4. Need to know the following details

Age
Gross Pay
Nett pay
Rental Income
Bonus 2015 2016 2017

Monthly Commitment and Outstanding Balance
House
Car
Credit card outstanding
Personal Loan
PTPTN

5. Standard 4.4%

QUOTE(jyu_bonk @ Nov 7 2018, 07:46 PM)
Hi, I’m a 1st timer in buying a property. Now in process of getting loan.

I apply with Maybank and was offer 4.5%, but banker call me last minute saying that the rate offer 4.5% is with MRTT taken, they’ll offer 4.75% if with MLTT.

I just want to make sure is this a common practice by banks? What is actually the current rate for Maybank (or any other banks)?

Thanks.
*
Standard rate 4.4% now, depends on loan amount though.
jyu_bonk
post Nov 8 2018, 08:52 PM

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QUOTE(lifebalance @ Nov 8 2018, 12:04 PM)
1. Depend on your income and commitment

2. Yes generally taken as 1/2, there are case to case basis where the commitment is taken 100% by certain banks

3. No issue, can still submit your loan application

4. Need to know the following details

Age
Gross Pay
Nett pay
Rental Income
Bonus 2015 2016 2017

Monthly Commitment and Outstanding Balance
House
Car
Credit card outstanding
Personal Loan
PTPTN

5. Standard 4.4%
Standard rate 4.4% now, depends on loan amount though.
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Hi sir,

Today I do survey with Public bank and this is their offer
4.4 with MRTT MOF 95% (they said promotional rate)
4.8 with MLTT

I already have MLTT and told the banker that I dont want MRTT. Then they said I still able to get promotional rate if I buy ?MRPA with them which cost around 3k for 300k property price.

Care to explain what is MRPA? Never come across with that before.
peace4ever
post Nov 9 2018, 08:57 PM

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QUOTE(lifebalance @ Nov 8 2018, 12:04 PM)
1. Depend on your income and commitment

2. Yes generally taken as 1/2, there are case to case basis where the commitment is taken 100% by certain banks

3. No issue, can still submit your loan application

4. Need to know the following details

Age
Gross Pay
Nett pay
Rental Income
Bonus 2015 2016 2017

Monthly Commitment and Outstanding Balance
House
Car
Credit card outstanding
Personal Loan
PTPTN

5. Standard 4.4%
Standard rate 4.4% now, depends on loan amount though.
*
Hi, can help calculate my possible max loan amount?
Age = 28
Gross Pay = 7200
Nett pay = 6100
Rental Income = 0
Bonus 2015 2016 2017 = 0

Monthly Commitment and Outstanding Balance
House = 2317 (2 person)
Car = 0
Credit card outstanding = 0
Personal Loan = 0
PTPTN = 180

Thank you very much

This post has been edited by peace4ever: Nov 9 2018, 08:59 PM
zainah123
post Nov 10 2018, 10:33 AM

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hi ...
public bank just approved my application yesterday (9/11/18).
but they only offer MOF 80%
i request for rayuan up MOF to 85%.

my question, is there any due date for customer to give answer to bank either to accept or not the offer.

i also waiting for affin, if they can offer me better.
Ryaness
post Nov 11 2018, 07:24 AM

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Is HSBC homesmart or public bank loan better?

MNet
post Nov 11 2018, 02:15 PM

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Depend on the rate
lifebalance
post Nov 12 2018, 11:57 AM

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QUOTE(peace4ever @ Nov 9 2018, 08:57 PM)
Hi, can help calculate my possible max loan amount?
Age = 28
Gross Pay = 7200
Nett pay = 6100
Rental Income = 0
Bonus 2015 2016 2017 = 0

Monthly Commitment and Outstanding Balance
House = 2317 (2 person)
Car = 0
Credit card outstanding = 0
Personal Loan = 0
PTPTN = 180

Thank you very much
*
user posted image

QUOTE(zainah123 @ Nov 10 2018, 10:33 AM)
hi ...
public bank just approved my application yesterday (9/11/18).
but they only offer MOF 80%
i request for rayuan up MOF to 85%.

my question, is there any due date for customer to give answer to bank either to accept or not the offer.

i also waiting for affin, if they can offer me better.
*
normally within 14 days, but can extend another 14 days
crixalisrox
post Nov 12 2018, 05:56 PM

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QUOTE(lifebalance @ Nov 12 2018, 11:57 AM)
user posted image
normally within 14 days, but can extend another 14 days
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Hi, first time house buyer looking for mortgage loan.
Property price: 265,000
Tenure: 30 years or 25 also can. Prefer semi flexi
90% loan
Age 28
Rumah Selangorku project
Paid 5000 booking fees

May I know what's the interest rate for my request?

If need more info can pm me.

Thanks in advance
lifebalance
post Nov 13 2018, 11:54 AM

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QUOTE(crixalisrox @ Nov 12 2018, 05:56 PM)
Hi, first time house buyer looking for mortgage loan.
Property price: 265,000
Tenure: 30 years or 25 also can. Prefer semi flexi
90% loan
Age 28
Rumah Selangorku project
Paid 5000 booking fees

May I know what's the interest rate for my request?

If need more info can pm me.

Thanks in advance
*
looking at 4.5%
zainah123
post Nov 15 2018, 09:55 AM

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hello all,
i have question. i just received offer from bank
loan approved RM197,935. (RM183,500 + mrtt insurance RM14,435)
is that mrtt amount ok or high?


Saravanan07
post Nov 17 2018, 10:20 PM

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Hello there!

I’m taking Maybanks’s Murabahah Islamic Loan. Normally how many times would be the Banks Sale Price against the financing amount?

kevyeoh
post Yesterday, 07:08 PM

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First time I heard MLTT and just Google it ... so this one is under Islamic loan only can get MLTT? what is benefit of MLTT compared to MRTA?
lifebalance
post Yesterday, 09:47 PM

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QUOTE(kevyeoh @ Nov 18 2018, 07:08 PM)
First time I heard MLTT and just Google it ... so this one is under Islamic loan only can get MLTT? what is benefit of MLTT  compared to MRTA?
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It's the same as MLTA, just a term used for Takaful

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