Thanks.. will try reduce 80% or below in 1-2 months. however @lifebalance, is 75%-80% utilization okay?

Is there any mortgage broker here willing to help check my profile with maybank?

im a sole prop biz owner buying 900K property

Is there any mortgage broker here willing to help check my profile with maybank?

im a sole prop biz owner buying 900K property

nature of business ?
active company statement ?
income tax 2017 2018 ?

any blacklist , late repayments ?

nature of business ?
IT services - Contract for services

active company statement ?
bank statement can?

income tax 2017 2018 ?
paid

any blacklist , late repayments ?
No blacklist/late repayments

nature of business ?
IT services - Contract for services

active company statement ?
bank statement can?

income tax 2017 2018 ?
paid

any blacklist , late repayments ?
No blacklist/late repayments

Currently applied a housing loan for undercon project with HSBC, and the banker replied me that my case was provisonal approved and waiting for EF to generate LO. What does it mean? The approval is confirmed or may alter later? Normally how long to get the EF?

I have a question, say my mom has another 100k remaining balance to be settled for the housing loan, can I buy the house at 100k from her?

Will the bank give me a loan based on that amount, or based on the evaluated value of the house?

Currently applied a housing loan for undercon project with HSBC, and the banker replied me that my case was provisonal approved and waiting for EF to generate LO. What does it mean? The approval is confirmed or may alter later? Normally how long to get the EF?

I have a question, say my mom has another 100k remaining balance to be settled for the housing loan, can I buy the house at 100k from her?

Will the bank give me a loan based on that amount, or based on the evaluated value of the house?

Say I have a sub sale landed unit to buy in coming December. However, I've already paid deposit to the owner to book the house. The owner wants me to start applying loan now, to ensure that I can obtain the loan, so that in december the owner can transfer the house to me without hiccup.

Can I start applying loan now despite I have't sign any S&P or relevant document?

Yes you could. For some banks, for subsales, the loan offer validity is up to 1 year.

Say I have a sub sale landed unit to buy in coming December. However, I've already paid deposit to the owner to book the house. The owner wants me to start applying loan now, to ensure that I can obtain the loan, so that in december the owner can transfer the house to me without hiccup.

Can I start applying loan now despite I have't sign any S&P or relevant document?

Say I have a sub sale landed unit to buy in coming December. However, I've already paid deposit to the owner to book the house. The owner wants me to start applying loan now, to ensure that I can obtain the loan, so that in december the owner can transfer the house to me without hiccup.

Can I start applying loan now despite I have't sign any S&P or relevant document?

Mods, in this post I am sharing my professional experience in a case study; if the trigger happy insurance agent reports it for "promoting business", I hope you can just ignore it. I am just trying to contribute here
Very hard to say. this is credit controllers' purview, I dare not sail in their territories and give you the wrong advice. My principle in financial planning is always to manage the cash-flow

If the BL helps you manage your cash-flow (by having to pay less CC commitment each month), the better.

Incidentally, the banks and credit controllers agree with me. If you have the means to manage (lower) your negative cash flow, they are more inclined to lend you money. I have helped people consolidate their clean loans to other clean loans (PL with lower rates) as well as a mortgage (which has even lower rates than CC and PL); these actions have helped them lower their monthly commitment and they managed to get
For example, this client has a 50k PL with BIMB, its commitment is RM580/m. I consolidated the PL into a top-up mortgage, only had to pay the outstanding of just RM28k, for a commitment of RM140/m

(before) Mortgage Approval :
Property : RM 656  000
Legal fee : -

(after) Mortgage Approval :
Property : RM 725 365
Legal fee : RM13 710

Hi bro, thank you for your insight.. so I decided to reduced my CC balance by paying instead of loan or transfer balance. Its now at 70% utilization and I am waiting for CCRIS to update 15/6/19 before submitting doc.

However there were 2 more concern.

I have bad CTOS records somewhere nov17-mar18 as I am paying wife operation using cc (thus causing other payment i dont prioritize to default for 4 months, I paid all outstanding after tax refund). I have paid diligently since mar18 and in CCRIS its all 000000 but I heard CTOS keep records for 24 months? will this still show?

Also, I applied CC (as previous plan to transfer balance) and I've cancel the application before approval, so will it show in my CCRIS that i apply and cancel?

If your record in CTOS is not removed then it will impact your application unless it's been settled and removed by the 3rd party.

If there is an application submitted and processed then it will show in the CCRIS.

Isnt CTOS records is the same 000000 as CCRIS?

this is CTOS report