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

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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 Nov 18 2018, 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 Nov 18 2018, 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?
*
It's the same as MLTA, just a term used for Takaful
kiampa guy
post Nov 21 2018, 05:06 PM

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Hi,

If I have a Special Attention account in my CCRIS.

But it's already settled, and Bank has provided the settlement letter.
Any chance Bank will consider my Application for Property Financing?

lifebalance
post Nov 21 2018, 05:53 PM

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QUOTE(kiampa guy @ Nov 21 2018, 05:06 PM)
Hi,

If I have a Special Attention account in my CCRIS.

But it's already settled, and Bank has provided the settlement letter.
Any chance Bank will consider my Application for Property Financing?
*
good chances
shodan11
post Nov 24 2018, 03:57 PM

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Hi all..

Would like to ask.. I'm going to apply for housing loan/mortgage. Got an offer for Rumawip. Property price 198k (downpayment 10%).
My profile:
30/male
Net income: RM 3467 *after all deductions*
Liabilities: ASB loan RM 571(100k loan since 2015), car loan RM 364, credit card - limit RM 5000 (rarely used & always paid full ontime - usually RM 250/month if any)

What is the best plan for me (banks, interest rate, margins,instalments etc) and if possible I'm keen on getting MLTA/MLTT instead of MRTA/MRTT. Thanks.
kevyeoh
post Nov 25 2018, 12:28 PM

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Not sure if rate different depending on MRTT vs MLTT but I think it is normal for bank to force you to buy the insurance if you take loan with them ...

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.
*
lifebalance
post Nov 26 2018, 09:39 AM

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QUOTE(shodan11 @ Nov 24 2018, 03:57 PM)
Hi all..

Would like to ask.. I'm going to apply for housing loan/mortgage. Got an offer for Rumawip. Property price 198k (downpayment 10%).
My profile:
30/male
Net income: RM 3467 *after all deductions*
Liabilities: ASB loan RM 571(100k loan since 2015), car loan RM 364, credit card - limit RM 5000 (rarely used & always paid full ontime - usually RM 250/month if any)

What is the best plan for me (banks, interest rate, margins,instalments etc) and if possible I'm keen on getting MLTA/MLTT instead of MRTA/MRTT. Thanks.
*
user posted image
jyu_bonk
post Nov 26 2018, 07:29 PM

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QUOTE(kevyeoh @ Nov 25 2018, 12:28 PM)
Not sure if rate different depending on MRTT vs MLTT but I think it is normal for bank to force you to buy the insurance if you take loan with them ...
*
I already sign my offer letter. This is the rate that some banks offer to me.

Maybank 4.5 with MRTT / 4.8 without MRTT
Public bank 4.45 with MRTT / 4.8 without MRTT

However, I able to get rate 4.5 with maybank without MRTT.
shodan11
post Nov 26 2018, 10:12 PM

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QUOTE(lifebalance @ Nov 26 2018, 09:39 AM)
user posted image
*
Thanks✌
oxalate7
post Nov 27 2018, 06:27 AM

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Hi sifus,

I already booked a property and paid 10% deposit.
To improve my dsr, im planning to make a full settlement of my pl (monthly rm1k/outstanding balance rm14k) by applying another pl with longer tenure and lower monthly commitment (rm300).

Question is, will this new application of credit facility affect my mortgage loan application?

Thanks in advance.


SUSLA757
post Nov 27 2018, 09:48 AM

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Question! If I can't make the minimum payment next month for my home loan (RM1900) but want to at least make a RM1000 payment, will it affect my credit score/CTOS score and my record with the bank?

Or I must make the full payment without fail.
lifebalance
post Nov 27 2018, 11:46 AM

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QUOTE(oxalate7 @ Nov 27 2018, 06:27 AM)
Hi sifus,

I already booked a property and paid 10% deposit.
To improve my dsr, im planning to make a full settlement of my pl (monthly rm1k/outstanding balance rm14k) by applying another pl with longer tenure and lower monthly commitment (rm300).

Question is, will this new application of credit facility affect my mortgage loan application?

Thanks in advance.
*
Yes it will affect until the 1st pl is closed


QUOTE(LA757 @ Nov 27 2018, 09:48 AM)
Question! If I can't make the minimum payment next month for my home loan (RM1900) but want to at least make a RM1000 payment, will it affect my credit score/CTOS score and my record with the bank?

Or I must make the full payment without fail.
*
Yes it will affect since you fail to make the full payment, you will be considered 1 month late
oxalate7
post Nov 27 2018, 01:33 PM

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QUOTE(lifebalance @ Nov 27 2018, 11:46 AM)
Yes it will affect until the 1st pl is closed
Yes it will affect since you fail to make the full payment, you will be considered 1 month late
*
Thankyou so much for ur reply.

Since my mortgage banker said he only needs the receipt of my first pl in order to proceed with my mortgage loan, I plan to apply the 2nd pl and straightaway fully pay my 1st pl (went to check with rhb easy they claim the disbursement is on the spot).
I wonder if it gives bad remarks to the banks when they find out i make so many transactions in a day (apply 2nd pl -> settle 1st pl -> apply mortgage
lifebalance
post Nov 27 2018, 02:36 PM

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QUOTE(oxalate7 @ Nov 27 2018, 01:33 PM)
Thankyou so much for ur reply.

Since my mortgage banker said he only needs the receipt of my first pl in order to proceed with my mortgage loan, I plan to apply the 2nd pl and straightaway fully pay my 1st pl (went to check with rhb easy they claim the disbursement is on the spot).
I wonder if it gives bad remarks to the banks when they find out i make so many transactions in a day (apply 2nd pl -> settle 1st pl -> apply mortgage
*
Not really should be okay
SUSLA757
post Nov 27 2018, 03:10 PM

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QUOTE(lifebalance @ Nov 27 2018, 11:46 AM)
Yes it will affect since you fail to make the full payment, you will be considered 1 month late
*
Thank you very much for clarifying. Appreciate it.

oxalate7
post Nov 27 2018, 05:51 PM

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QUOTE(lifebalance @ Nov 27 2018, 02:36 PM)
Not really should be okay
*
Thankyou very much sir.really appreciate it.
derick8860
post Nov 30 2018, 06:51 PM

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Hi, does anyone know any bank that would recognise high percentage (like 80%) of commission earners’ average monthly income regardless of the comm deviation?

Eg.

Average income for 6 months = RM6,000

Recognise 80%, RM6,000 x 80% = RM4,800

Quota for dsr, RM4,800 x 70% = RM3,360



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