My loan amount is RM625k. Was quoted about RM9.6k for the loan agreement along with stamp duty etc.

Is it a fair quote?

Thank You!

Any public bank banker here? Wanna ask about topup loan, what is the difference to the refinance?

yeah, fair

Top up loan
1. Within the same bank so you get faster disbursement since don't have to redo soke of the paper works
2. Save cost because you pay only on the top up portion
3. But you will have 2 separate agreement on the existing loan and the new top up loan so the rates are different

Refinance
1. Lower overall rated though you have to compare whats your existing rate vs new rate
2. New T&C which may differ from your old loan
3. Higher moving cost since you are moving the entire loan

Again refinancing or top up depends on your main objective on doing so otherwise pros or cons may not be applicable unless you know what you are trying to achieve

Looking for mortgage.
Maybank, Alliance bank, Affin bank please PM me.

Is it still possible to get full loan for second hand house/condo?

No

First and second property max margin is up to 90%, 3rd properties onwards max margin is 70%

Commercial properties 80-85% ever green however tenure is up 20-25 years only.

Looking for mortgage. Pbb or HLB please Pm me

May I know how much lawyer fee I need to pay if I am selling a house at rm800k?

I can help you check whats the quotation but will require the following info

Is it free from encumbrance?
Which bank charged the property?
Under conventional or Islamic Loan?
Bank outstanding as of now
Single chargor or multiple chargor?
Single borrower or multiple borrowers?
Property Location
Freehold/Leasehold
Master/Individual/Strata title?
Any restriction on land such as malay reserved land, bumi land and etc

Looking around 3k - 8k (estimated)

Is it free from encumbrance?
may i know what is this?

Which bank charged the property?
Alliance bank

Under conventional or Islamic Loan?
it should be conventional

Bank outstanding as of now
bank outstanding 368k.

Single chargor or multiple chargor?
may i know what is this?

Single borrower or multiple borrowers?
joint name with my wife

Property Location
Johor Bahru. Ehsan Height

Freehold/Leasehold
leasehold, 999 years

Master/Individual/Strata title?
i think it should be individual

Any restriction on land such as malay reserved land, bumi land and etc
no i think

No of chargor means no of owner for property.

Oh. Okok.. joint name also. Two

Because I recall when I bought a sub sale house at PJ. The seller only pay few hundred to the lawyer only. But some are saying few k. Now I am wondering for my house in JB, would it be very high legal fee.

This post has been edited by snowswc: Sep 23 2020, 12:32 PM

hi sifu, if the house is still under construction (usually 2 years), but the bank already charge payment, the payment all will go to interest or some will actually go to principle ? will they revise the interest amount after the house completion?

You may refer to my reply earlier if you’ve missed it.

What you’re paying is progressive interest incurred during construction of a property.

Once it’s completed, you will be paying the full monthly installment which includes principal plus interest payment to the bank.

Interest rate will be revised from time to time by the bank for any update on the OPR rate by BNM

Hi bankers, I am planning to refinance my house.
I am looking for semi/full flexi loan that offer 100% offset cap.

Info to share
▪️Objective: to refinance (Mortgage)
▪️Housing Type: Service Apartment
▪️Type of Title: Master Title (VP 4 years ago)
▪️Tenure: Freehold
▪️Condition: Commercial Title
▪️Estimated Market Value: RM 420,000


Please PM me by following format.

Thanks

📍(Option 1-To be filled by Banker)📍
Bank Name: XXXX

🔹Mortgage Name: XXXX Loan
🔹Loan Type: F/Semi-Flexi
🔹Offset cap: 100%
🔹Max % of Refinance: 90% of Valuation
🔹Tenure: up to age 70 or max 35yrs
🔹Min Effective Interest%
With MRTA: 2.89%
without MRTA: 3.15%
🔹Min Insured MRTA: RM 100000 @ 10yrs
🔹Possibilities to loan MRTA: Yes
🔹Lock in Period: 3 years
🔹Early Settlement Fee: 2.00%
🔹Mthly maintenance fee: n/a
🔹Withdrawal fee: RM 25 nett
🔹Processing fee: RM 200
🔹Setup Fee: n/a

Hi Sifus,

I got offer from Alliance Bank for 370k loan amount with 3.19% rate. Cannot go lower as infomerd by the Loan Sales Person.
No need to buy MRTA.

Is it ok to take since ?

Quite standard, any other banks approve your loan aside from Alliance? If not you may go ahead with Alliance