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

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Pac Lease
post Mar 31 2021, 02:08 PM

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QUOTE(copterbandito @ Mar 31 2021, 01:28 AM)
Planning to get joint loan at 600K.

My salary at net 3.5K (with few days mandatory unpaid leaves every month due to covid)

Partner net salary at 3K

Age below 30. Both no other debts / commitments.

Any chance to get approval for 35 years tenure with 90% loan?

Will my unpaid leaves gonna looks bad for banker?

Thanks,
*
for calculation in debt service ratio, loan 600k for both of you should be ok. However, the unpaid leave might be affect the credit officer decision for loan approval.
lifebalance
post Mar 31 2021, 02:15 PM

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QUOTE(baka5817 @ Mar 31 2021, 12:25 AM)
Hi all

Would like to know what would be max loan value (and max monthly mortgage for a 30 year loan) that I can expect? Much appreciated in advance.

Age: 35
Gross income: RM 4750 monthly

Car loan rm900/mth until dec 2023

Thanks and feel free to reply here or DM me.
*
500k

QUOTE(copterbandito @ Mar 31 2021, 01:28 AM)
Planning to get joint loan at 600K.

My salary at net 3.5K (with few days mandatory unpaid leaves every month due to covid)

Partner net salary at 3K

Age below 30. Both no other debts / commitments.

Any chance to get approval for 35 years tenure with 90% loan?

Will my unpaid leaves gonna looks bad for banker?

Thanks,
*
looks okay
cchin8888
post Mar 31 2021, 07:58 PM

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planning to get 770k recently, currently which bank will offer better interest rate?
copterbandito
post Apr 1 2021, 12:40 AM

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Sorry first time buyer. Zero experience. Going to meet a mortgage agent recommended by SA for a loan of 600K.

Usually how much the mortgage agent charge?

And anything that I should know / aware before signing his "service form" I assume?

Thank you.
Pac Lease
post Apr 1 2021, 03:32 PM

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QUOTE(copterbandito @ Apr 1 2021, 12:40 AM)
Sorry first time buyer. Zero experience. Going to meet a mortgage agent recommended by SA for a loan of 600K.

Usually how much the mortgage agent charge?

And anything that I should know / aware before signing his "service form" I assume?

Thank you.
*
apply loan is Free of charge.
ruzdreg_dpm09
post Apr 1 2021, 07:23 PM

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This post has been edited by ruzdreg_dpm09: Apr 1 2021, 08:00 PM
yunodie
post Apr 19 2021, 11:06 AM

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Hi looking for banks with less stringent lending requirements. Any Sales Exec from smaller banks are welcomed to PM.

It is for my buyer who got rejected by MBB. Property Price 640k. I dont know his current commitment but sure it doesnt look good given he is rejected by MBB.
schoe
post Apr 19 2021, 09:24 PM

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i had just changed to a new company (1 year contract) and started work on 15th of march.

previous job ended on 15th of feb. last drawn salary is 5.8k

the new salary is 7k

may i know is it very hard for me to apply housing loan ? plan to buy a house around 400k.

or need to wait at least 3month salary slip or totally no need to try at all ?

additional info : my commitment is a hire purchase, around 630. still left half year to settle.

This post has been edited by schoe: Apr 19 2021, 09:25 PM
Pac Lease
post Apr 21 2021, 10:15 AM

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QUOTE(schoe @ Apr 19 2021, 09:24 PM)
i had just changed to a new company (1 year contract) and started work on 15th of march.

previous job ended on 15th of feb. last drawn salary is 5.8k

the new salary is 7k

may i know is it very hard for me to apply housing loan ? plan to buy a house around 400k.

or need to wait at least 3month salary slip or totally no need to try at all ?

additional info : my commitment is a hire purchase, around 630. still left half year to settle.
*
U will need to provide letter offer and the new company payslip, salaried credited bank statement and new company epf contribution.
Normally epf contribution will take 1 to 2 month to reflect on the epf statement.

However, contact basis might be a concern for some of the bank to approve ur loan.
Pac Lease
post Apr 21 2021, 10:18 AM

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QUOTE(yunodie @ Apr 19 2021, 11:06 AM)
Hi looking for banks with less stringent lending requirements. Any Sales Exec from smaller banks are welcomed to PM.

It is for my buyer who got rejected by MBB. Property Price 640k. I dont know his current commitment but sure it doesnt look good given he is rejected by MBB.
*
There is few reject reasons by the bank.

1. Income document issue
2. High commitment
3. Property location
4. Profile , segment of client.
5. Past bad track record in existing bank

If possible, try to inform ur client to submit few bank.
dps404
post May 10 2021, 11:14 AM

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hi is there any thing that i need to take note of when selecting loan offers from different bank ?

or i can just select the one with the lowest interest rate?

thanks!
lifebalance
post May 10 2021, 11:33 AM

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QUOTE(dps404 @ May 10 2021, 11:14 AM)
hi is there any thing that i need to take note of when selecting loan offers from different bank ?

or i can just select the one with the lowest interest rate?

thanks!
*
1. Facilities
2. T&C of the package
3. Interest rate
4. Tenure
5. Other special conditions.
karteh
post May 11 2021, 06:12 PM

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QUOTE(dps404 @ May 10 2021, 11:14 AM)
hi is there any thing that i need to take note of when selecting loan offers from different bank ?

or i can just select the one with the lowest interest rate?

thanks!
*
lowest interest is one of it and see if it comes with any insurance coverage, tenure or any other conditions
check on details and agreement before sign off
hakkai0810
post May 16 2021, 01:44 AM

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This post has been edited by hakkai0810: May 16 2021, 11:52 AM
Mmandyy P
post May 28 2021, 07:02 PM

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Hi property experts, need help. I have 2 loan options offered by different banks. Which one would you recommend to go for and why?

Option 1:
Loan amount:720,000 (0 downpayment)
Rate: 3.05%
Acc type: Full Flexi

Option 2:
Loan amount:706,324(need 5,851 for downpayment)
Rate:2.95%
Acc type: Semi Flexi
lowyatfag
post Jun 24 2021, 02:57 PM

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SPA RM 180,000
Loan amount. RM 147,000
Valuation fee RM 0
(MRTA). RM. 3,129
Total loan amount RM 150,139.00
Approved with 3.15% monthly installment RM 591

is it a good deal '?since i dnt have other options as the agent only send my application to this rhb bank only

This post has been edited by lowyatfag: Jun 24 2021, 02:58 PM
lifebalance
post Jun 24 2021, 03:55 PM

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QUOTE(lowyatfag @ Jun 24 2021, 02:57 PM)
SPA RM 180,000
Loan amount.    RM  147,000
Valuation fee    RM      0
(MRTA).              RM.    3,129
Total loan amount RM 150,139.00
Approved with 3.15% monthly installment RM 591

is it a good  deal '?since i dnt have other options as the agent only send my application to this rhb bank only
*
okay rate
ngph988
post Jun 25 2021, 10:57 AM

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QUOTE(lowyatfag @ Jun 24 2021, 02:57 PM)
SPA RM 180,000
Loan amount.    RM  147,000
Valuation fee    RM      0
(MRTA).              RM.    3,129
Total loan amount RM 150,139.00
Approved with 3.15% monthly installment RM 591

is it a good  deal '?since i dnt have other options as the agent only send my application to this rhb bank only
*
Yupe looks good, my client got board rate from PBB at around 4% with the same loan size from you. Better take up the deal from RHB.
lowyatfag
post Jun 25 2021, 11:27 PM

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QUOTE(ngph988 @ Jun 25 2021, 10:57 AM)
Yupe looks good, my client got board rate from PBB at around 4% with the same loan size from you. Better take up the deal from RHB.
*
okay thanks. just signed LO
blingless
post Jun 28 2021, 02:01 PM

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Hi experts! I'm hoping someone could provide some insight.

I've recently moved back to Malaysia for the first time after living overseas my entire life. Still working remotely for the same company overseas for 5+ years.

I've dealt primarily with one bank for the last year since I've been back but have joint FDs at others. I will also have a free/clear title (pending transfer) to a property here shortly.

Are certain banks better to deal with or is there an advantage to dealing with the one I have a relationship with?
What requirements/documents/paperwork are needed for me to qualify for a mortgage here?

Thanks in advanced.

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