what is it worth reconsidering when it comes to refinancing ?

i.e. for few hundred k with 0.2% difference wont make a difference right ?

Depends on what are you doing with the refinancing that is worth your money and time .

Hi. I am thinking of refinancing my property to have some cash for investment. I received a call from ringgitplus recently that standard chartered bank is offering zero entry cost but interest rate at 4.6%. Anyone knows other bank has better rate with zero entry cost for refinancing?

Hi,

Zero Moving Cost

Fixed(not subject to BR)
4.99% AIA

Floating(subject to BR)
4.6% CIMB
4.6% SCB

If not mistaken Citibank has ZMC too.
But unsure of the rates and guideline.

ZMC so far is SCB, AIA, need to check with CIMB if they still offer.

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This post has been edited by lopqtx: Feb 6 2020, 03:31 PM

Hi, can someone explain to me how Maybank's MaxiHome Flexi works? I understand it is a 3 in 1 (savings, current and loan account combined). I am more familiar with the common full Flexi where current account is linked to home loan account. For the Maybank one does it mean that if you have excess cash in the 3 in 1 account, the monthly installment is automatically deducted from the account unlike the common full Flexi whereby you need to have a SI with your current account?

2. From my experience with certain banks, the home loan file is stored in the branch where the banker is from. The property I am buying is in PJ but I am recommended a Maybank banker in Tanjung Malim. Is the practice the same for Maybank where the home loan file will be kept at the banker's branch? It will be very troublesome if I have to go to Tanjung Malim for any dealings related to my home loan file if that's the case.

According to LoanStreet.com, Bank of China offering 1st 2 years 3.80%, thereafter 4.00%, can anyone verify?

1st 2 years fixed rate or floating rate?

Anyone can explain a bit more on the stimulus package from the covid19? Stamp duty exempted?

You can call to bank of china contact centre to verify on the rate due to 3rd party website info might not be updated.

Hello, I am not sure if this is right location to ask this but:

I recently switched jobs after applying for a loan and getting approval.
Would this cause any problems that may lead to the home loan being rescinded?

Less likely to happen.

Okay. Hmm do I need to disclose it to the bank? As in would they check before disbursement or anything like that?

not required to

hi all sifu n bankers,

want to ask, just got my booking form signed ytd, purchase price 580k.
i'll be arranging a 230k down payment.
so essentially i'm planning to lend 350k loan.
but currently i'm still under probation in a GLC, 2 more months to confirm.

any ways i can get a mortgage loan?
and, which banks now give better rates for mortgages?
my ownself calculated DSR around 63% including new loan.

Well is depend ur on current income and ur current commitment.

Looks okay

Hi, I would like to ask, from the housing loan repayment statement, it mention that the interest rate have reduce from 4.82 to 4.57%, can I know how would it affect my installment?

You will pay a lower monthly installment as per your notice schedule that was sent to you.

I see, but then I am using for auto debit, and I realize I still pay for the same amount for that few months, do I need to check with bank, by the way, how I would I know how much I am paying for interest and principal?