Hi all,

Any banker/mortgage consultant from Standard Chartered Bank and Ambank? Kindly PM me your details.

Thank You.

Nope..bank only refers to the HOUSING LOAN appears in CCRIS report, not the numbers of the property that you owned..

Hi, need loan for 3rd house. (Min 70%, better if i can get higher)

Gross Income: RM 4.6k
Nett Income: around RM 4k + rental rm850
Current Loan/commitment: 1st house rm818+2nd house rm2000(starting next year, house still in progress) +moto rm340 (per month)
Credit card: No outstanding every month
Status: Single

3rd Time Buyer
Property : 120k. Need at least 70% if can get 90% better.

Options:
1) refinance first house ( get back arnd 80k) + my cash.
2) 30% my cash 70% loan.

All my housing loans are with mbb (good pyment record). Prefer MAYBANK banker who can quote me n suggest me a good loan plan. Reason: put everything in 1 place.

However if non maybank can give a better rate and higher chance to get loan will defenitely go for it.
Need loan asap. Want to secure a house as soon as possible.

Please pm me asap

Hi Bankers,

I am migrating to Singapore soon and will be earning in SGD. Since I am planning to buy a property in KL this year, please help to explain the DSR calculation. It will be my 3rd property. Kindly PM me for details.

Cheers!

Gross Income: RM 5k + RM250 claimable allowances
Nett Income: RM4.2
Age: 25
Current Loan/commitment: Nil
Credit card: No outstanding every month, never paid a sen in interest before
Status: Single

1st time buyer
Property: ~700k (target loan amount of 500k, balance in the form of downpayment)

Am I eligible for a loan this size?

Dear Banker

My gross income RM7.1K and net around RM5.8K
Working in GLC. Age 32 (married)

Current loans:
1. HL = RM550
2. Personal loan = RM740 (just approved this month)
3. Credit card = current outstanding RM18K however, will make full settlement once my personal loan disbursement (item 2 above). Expected in a few days

I intend to purchase a condo unit under construction with purchase price RM690K.

Questions:
1. Can I get 90% loan @ 35 yrs
2. Which bank provides best interest
3. If possible wanna capitalize legal fees, MRTA

Appreciate if anyone who can enlighten me and offer a competitive package.

Hi banker,

Gross Income: RM7.8K
No Current Loan
Credit Card : Cleared payment every month
Other commitment - RM400 (monthly on insurance) apart from living expenses, petrol, rental, etc.
Status: Single
Age: 33

First time buyer (Currently looking at a house - subsale) at RM500K

Was wondering if I can get a 90% loan for above property and what is the possible limit of my loan to get approved? Also if possible, what is the advisable loan package and the monthly repayment. Many thanks in advance.

This post has been edited by crownter: May 16 2014, 06:25 AM

Gross Income: RM4850
Nett Income: RM4100
Current Loan: RM840 p/month
Credit card: RM5k
Status: married
Car Loan : less than RM2k balance
Age : 41

2nd house interested - RM561,000 less 10% discount - RM504,900
Eligable to borrow this kind of loan? if yes how long the duration loan can be approve??

Gross income RM5300
Nett income around rm4400
Age 31 single

Current loans: 
1. Housing loan = RM1100 (getting rental 1200)
2. Housing loan (joint name) = rm500 (parents paying)
3. Housing loan (joint name) =rm550 (parents paying)
4. Car loan = rm380
5. Credit card = prompt payment but with outstanding arnd 12k for 0% balance transfer. Can settle anytime

Intended to purchase an under construction double storey corner unit. Price 1mil. Joint name.

Questions: 
Can i get a loan? Like 70%?
Is it possible for me to apply loan if i m not the owner?
Appreciate if anyone who can enlighten me.
TQVM.

This post has been edited by innocent_girl: May 21 2014, 02:27 PM

Dear all,

With the new regulations of BNM for maximum 10 years tenure for cash out with refinance, my questions are:
*Assuming loan 300k, want refinance to 400k.

-the new rules applicable if I refinance from bank A to bank B?
-if Yes for above question, any other solutions to cash out but not bound to the 10 years tenure requirement?

Thanks all.

Hi.

1. Yes, the new rule is applicable if you want to refinance from bank A to bank B

2. The GOOD news is that, you can still choose so the the repayment of the refinancing portion to be at 35-years (maximum tenure for housing loan). So that means if you have an outstanding balance of RM300k, and you need another 100k, the new loan of RM400k CAN be repaid in 35 years.

The BAD news is that, the 100k (the cash-out portion) will be calculated by the banks as if you are going to repay it in 10 years. What does this mean? Illustration below. From the bank's view, your monthly commitment would jump from RM460 a month to RM1026 a month! This would burst your Debt-service-ratio (DSR) for most people!

However, if you do get your loan approved, the repayment schedule for the loan will still based on the 35years tenure, for this example, your repayment for the RM100,000 cash-out portion would remain at RM460 a month and not RM1026 a month.

10-year tenure calculation


35-year tenure calculation


3. So if I get you right, your would be okay with this since the repayment would still be low, whether or not your loan would be approved is a whole different story.

Hi,

1. To more accurately calculate your loan eligibility, can you share your:

a) Housing loan(s) current outstanding balance (for all 3 houses)
b) Your car's original loan amount

2. Yes, it is possible to apply for the loan even if your name is not on the S&P. This arrangement is called a third-party loan. However, you must have a family relationship with the owner (brother, sister, father, mother, son, daughter, husband, wife)

Thanks!

Hello,

1. Can you break down the "current loans" that you are repaying?

If it is a housing loan, what is the current balance?
If it is a car/personal loan, what is the original loan amount?

2. Have you received any bonuses in the past 6 months?

3. If the documentation is complete and without any hiccups, I can get the answer in 4 working days from the day of submission.

Hi, since you do not have any loan commitment, your calculation was easy.

1. Due to your high salary and being rather young, your maximum loan amount is calculated to be about RM1million

2. Monthly repayment is in the region of RM1800 a month for a loan of RM450k

3. I recommend taking the package that includes the legal fees as well and to forego the MRTA



Hello!

1. To give you a more accurate calculation, may I know more about your loans?

a) What is the balance of your housing loan?
b) What is the original loan amount of your personal loan?

2. Some banks do finance the legal fees while others do not.

Hi.

Yes, you probably could get the loan according to the calculation, pending approval by the credit controller ya.



Well, with most banks, we don't care about where you are from, only how much you make

1. As far as the DSR is concerend, with OCBC for example, the table is as below. The bank use the latest conversion rates.



2. However, the Nett income is calculated a little differently than if you were working in Malaysia.

Hi there

1. Current loan is a housing loan. Balance still have RM158K
2.no

Hi, is there any loan with ZEC for residential property now?

PS: For completed property.

This post has been edited by firesphere: May 18 2014, 01:54 PM

Noted. Ive calculated the maximum housing loan as accurate as I could. Note that all this is pending by the approval by the credit controller..



Yes and no. For a number of banks, they will not even finance the Legal, Valuation, and Stamp Duty (LVS) fees.

For others, they would include the financing of the LVS into the loan amount. You would get 90% plus 2% (LVS) of financing.

For most, the S&P fees have to be borne by the purchaser.

a. my housing loan balance around rm85k.
b. Personal loan rm65k

credit card rm45k - zero utilasation
HP fully settled.

Noted.

As per calculation, you can quite get the loan you want, pending approval by the credit controller.

However, if you have received any bonuses from the past 6 months then your net income can be increased even more, thus increasing amount you can borrow.

i am looking at a bank to apply my housing loan. any agent around please pm me. CIMB and Maybank will be priority.

guys, i notice that there is a feature called fortnightly payments,

and according to the following website,

http://www.mortgagechoice.com.au/home-loan...calculator.aspx

with this payment method, the loan period and the loan amount is reduced quite significantly

e.g. if loan amount is rm 550000, using the fortnightly payment method, time save is 5 years and 6 months, and on top of that the interest rate saved by ~100k. since everymonth, we are paying the same amount, this seems to be a better choice.

Kindly please advice on this. are there any other catch to notice with this kind of repayment?

terima kasih banyak banyak

Wow this is interesting but is this true?

how does this make sense since the repayment is same?

i believe its due to the daily interest calculation. by paying twice a month, the principle amount is being reduced a little bit more ?!?!