hi all sifus, want to ask
if i bought a house, and i sold it. Now i buy another new house, is this still consider my 1st house and i get all benefits like 1st house owner? Thanks!

Hi all, I would to seek some advise to refinance my housing loan, wish to save the interest and know what is the BLR rate in the market
Housing loan 1:
Loan amount - 120K
Tenure - 20 years
Loan remaining - 72K
Housing Loan 2:
Loan amount - 462K
Tenure - 40 years
Loan remaining - 426K

House 1 BLR rate is 4.77

House 2 BLR rate is 4.57
Is this the best rate in market?

House 1 4.8 - 5%+
House 2 4.5%

My current loan rate as below:

Housing loan 1 is 6.97 - 2.2 = 4.77
Housing loan 2 is 6.97 - 2.4 = 4.57
Just wondering the lowest market rate now is what, can share for to do some comparison or not.

I would like to ask for some advice for situation below, not sure if i can express it well here:
Ryan & Miho, they got this MYR 21,600 cash back upon VP break into 4 terms over 2 years

90% Loan = MYR 551,700
80% = MYR 490,400
For 80% loan, they said can straight away minus the MYR 21,600 cash back. 90% cannot straight deduct, must wait till VP.

Assuming I got no cash in hand for higher downpayment but have MYR 30,000 in EPF can withdraw out and EPF recent years got approx 6% dividend.
I would like to know if it is worth to withdraw the 30k from EPF and get 80% loan, I will solve the other value difference in cash myself.

Hi Sifu, may I seek your advice concerning Hong Leong Mortgage Plus (https://www.hlb.com.my/en/personal-banking/loans/property-loan/mortgage-plus.html)?
Based on the info given, the credit balance in the assigned  current account will automatically help to give us savings on interest.
I would like to clarify the followings：
(1)If we deposited certain amount to the assigned current account “during construction period”, will it help to give us saving on interest? (Reason for asking: Full Flexi from certain bank are Not allowed to offset progressive billing interest during construction period.)

(2)In case there is 70% capping on the principal amount.
Let say the total Loan amount: RM300K
70% of loan amount: RM210K
The property is still under construction
First disbursement from bank: RM30K
If we dump in excess money RM30K into the assigned current account, will bank offset RM30K or RM21K (70% x RM30K) from interest calculation?

(3) After deposited the excess money to the assigned current a/c, can we withdraw the excess money from the current account later (I mean before completion of building construction）？Any penalty?

Thanks in advance!

I guess I will try to reexplain what is sort of stucked in my mind
Option A
Loan 550,000, No EPF, Cash back MYR 21,600 will get only after VP over 2years. Assuming home loan rate at 4.6%
Option B
Loan 490,000, EPF MYR 30,000, cash back MYR 21,600 straight use to offset house price. Assuming home loan rate at 4.6%

My concern here is the opportunity cost between option A & option B

EPF MYR 30,000 @ 6% PA over 5years -> MYR 40,146 (Value difference MYR 10,146)

Cash Back MYR 21,600 @ 4.6% PA over 5years -> MYR 27,046 (Value difference MYR 5,446)
Looking at this Option A or Option B better? Is there other smaller details and numbers that I have missed to scale the option A or option B?

hi all si fu,

1. if my parent gave me a house, fully paid. currently owner name my father, but his WILL said after xxxx, the house will give to me. so my question, if i buy a house myself now, is 1st timer or 2nd house?

2. A fully paid house, my father and my name. now i go buy 2nd house, consider 1 timer or 2nd ?

3. Grandfather got 1 land, to 7 sons, 1 of the son passed away, says his part will give to his son again. if they want to sell the land now, i heard lawyer will charge 7 or 8 transaction fee because they involved 8 person name (7 son and 1 grandson).
is that really true? 

wish to clarify all these. someone pls help. thanks!

hi.. hope si fu here can help on below my concern. Thanks!!

45 yrs old, working in Singapore, got 1 year full payslip from Jan 2018 to feb 2019. Gross salary about SGD1800, after deduction is about SGD1500, OT every month about SGD200 pay out with different payslip.

want to loan a rm300k house, market value rm400k. (coz siblings)

Questions:
1. can he loan?
2. can loan how many year still since he is 45 now.
3. can get full loan since market value 400k?
4. how Malaysia bank calculate the income for ppl who work in SG?
5. anything i missed to ask?

Thanks!!

anyone got any idea if for example the property is owned by 3 ppl... then assume property price is 333k for easier calculation sake...

supposed 1 person would like to buy up the 2 remaining share....can the loan amount be captured as full 333k? or 90% of 333k? or max loan can only go up to 222k (2/3 of RM333k)

Want to ask: I have a full flexi loan with HSBC Homesmart of 670k, after 3 plus years noted that the principle has only been reduced 30k (Now the outstanding principle is at 640k), but I've paid nearly 80k worth of interest.

If I have extra let's say 50k, would it be wise for me to reduce the principle by 50k PERMANENTLY? By doing that it will also reduce the interest but hopefully increase the portion paid for principle?

Just want to know if I have the wrong idea here.

Thanks.

Hi bankers/ brokers,

I am looking to apply for home loan, preferably full flexi after reading much about it.
Would like to know what is the prevailing interest rates and banks that offers them.

Am looking at those full flexi accounts which reduces principal amount with excess deposited into the account, or any other type that is similar to this.

Would also like to be quoted for MLTA premium, am a bit noob on this part so might need some enlightenment

First house buyer
Property Value: 1.5mil
Loan: 80%
Tenure: 35 year

Please pm me to find out more on my personal details you might need

Thank you!

Need to get some info before go for it.

Few questions here:-

1. My net salary is about 5k plus, so what is my DSR?
2. Currently got 1 housing loan joint with my wife, so the commitment is solely park under me or share by half?
3. Annual bonus is it consider as a income? If yes, what should I provide?
4. How to derive monthly income from BE or EA?
5. My income is higher in EA/BE compared with monthly salary slip due to the bonus, so how is bank going to justify my income? base on EA/BE or monthly salary slip? 

Thank you.

Hi all,

Would like to get advice from prof banker in lowyat.

Currently own 2 house (on loan)..

Net salary = 8500+-.
Monthly commitment = 4730.
No late payment.

What is the maximum loan amount I able to get and still can secure 90% of property price?

Hi sifus. Need some evaluation.
Currently 29 years old, monthly salary 5900 per month after deducting all the epf socso and tax.
Own 1 property, joint name with sister, I loan 400k and paying 1990 monthly. The unit had rented out for 2500, got statement up to 2 years to prove.

Other commitment:
Pay credit card few hundreds every month
Took CIMB Cash lite and paying 300+ monthly
Insurance directly charge from credit card 500 monthly

Looking to buy an apartment for 430k, what is the maximum load amount I able to get?
Is it possible to get a loan of 427k (90%). Or its out of my eligibility. First time home buyer. Thank you.

What are the banks doing 3rd party loan? Mean SPA joint but loan side solely.

I signed a place under RUMWIP and the appointed lawyer are also the bank panel and insist that I have to sign a letter of wavier for rights of appointing a solicitor for the loan transactions. They say it's Maybank practice.

I know the LA is only favorable to the bank but this practically means if the bank do anything wrong I am responsible? Have any of you signed this form in a loan? Is this allowable, taking my basic human rights to be defended?

Haha, not everyone is trying to save. I did not ask for free legal fees and in this case the cost is borne by me. It's paid, not free. And no, I wasn't bothered by project going south but it's that if the bank makes a mistake, I can't even hire a lawyer to defend myself. Basically they are saying I can't hire a lawyer even if I want to and is paying for it. So I am confused.

Please help.

RM 4494+- nett income(A) + RM 4000+- nett income(B) - Excluding Bonus

Commitment
Car – RM 560
House A – RM 760 (Name under A)
House B – RM2100 (Name under A+B)

Does Credit card instalment include as commitment?
Credit card – RM 660 (Balance 11month)
Credit card – RM 334 (Balance 5month)

What is the maximum loan amount & percentage for loan from total price I can get?

Do we still entitle for 90% loan?

Hi, I would like to ask which bank accounts statement should I give?

The salary credited accounts or the accounts which have the most of my money? as I know bank would like to see if the salary is really credited to my accounts and also like to see how much is my existing emergency funds.

hi all,
i would like to know, if bank already pay full reimbursement to seller/owner (subsale house).
when will start my 1st installment? is this any time/due date?
eg : bank full reimbursement on 25/3/2019 , is this means my 1st installment on 1/04?

hope u all understand my question.

Hi all
Noobies here, My current housing loan is 4.6 under PBB which apply 2 year ago, is there anyway to reduce the interest rate?