Got my loan offer as below, which one should I go for and why:-
1. HSBC @ BR 3.89 + 0.56 = 4.45%
2. CIMB @ BR 4.25 + 0.40 = 4.65%

MOF & tenure are the same. How will the new OPR affect on my loan? Need some advise, thx.

Thanks guys for the thorough explanations
One more thing, how many percent is the stamp duty imposed on a property value? Standard value is?

There is a table for that.

1st 100k 1%
100k to 500k 2%
500k and above 3%

You add them up. For exampel 600k property, the fee are 1k + 8k + 3k = 12k

You forumers are the bestest!
Hahahah thanks a mole.

(From 1st January 2019-30th June 2019)
Stamp duty Fee 1% : For First RM100,000
Stamp duty Fee 2% : RM100,001 To RM500,000
Stamp duty Fee 3% : RM500,001 and above

(From 1st July 2019)
Stamp duty Fee 1% : For First RM100,000
Stamp duty Fee 2% : RM100,001 To RM500,000
Stamp duty Fee 3% : RM500,001 and RM1,000,000
Stamp duty Fee 4% : RM1,000,001 and RM2,500,000

Hi All,

I was offered by an officer from maybank for MLTA .
As i checked, maybank only have MRTA at the moment. They do have MLTA plan but not yet release to public.

Anyone can help verified?

Thanks!

Update from last:
"Hi, doing my first home purchase, self business. currently applied mortgage from HLB and CIMB. waiting respond from the housing loan agent of property negotiator.
Agent tells me, he only apply for 2 banks because, applying from too many banks at the same time will make my record not nice.
Property is a subsale landed KL.

Booking form was signed on 16 April. dont know if its too late to apply other banks. Any mortgage agent?"


Wow, my loan is approved, but have to pay 20% downpayment (even though first house) and add my wife's name in loan offer letter as joint name. Probably collateral/guarantor of some sort. I must say a skillful mortgage broker is really important. The chance should have been really low.
Just as what wild_card_my said, it depends on how the broker write the proposal and "downplay" certain issues.

A reputatable/experienced broker does make things go smoother.

Banks do offer but it doesn't have the investment element

I dont mind the investment element i just want MLTA because sum assured wont reduced like MRTA. My concern is there is no info on Maybank MLTA available but the officer can offer MLTA. i am wwaiting his LO . if it shows in LO i think shld be alright.

Now what is the best rate r?

Best I got is 4.15% for my clients, but there were some special conditions, inclusive the changes in BR. The next best thing is 4.25% p.a.

4.15%? wah not bad

One of the better ones, loan size is rather large at 700k+ and there were some trickery involved which I won't share here (trade secret). But this doesn't apply to everyone.

Current lowest rate is 4.15%

Insurance agent,

It depends though. Not everyone can get this rate. Have you got this rate recently?

any best loan offer now? home & lease hold rm250k

how many margin of finance you plan to apply?

looking at 4.3%

Trickery to get 4.15% or trickery from bank to include hidden charges and give lower rate?

Thanks

there is no secrets, he’s just trying to fish for sales in here with that statement, I gotten 4.15% the other day as well.