hi everybody.

i'm searching for a homeloan. any banks (CIMB / PUBLIC / HONG LEONG / MAYBANK / AFFIN / STANDARD CHARTED / AIA / HSBC / OCBC / KUWAIT FINANCE / BANk ISLAM / BANK RAKYAT) are all welcomed to pm me what your bank offers.

among the characteristic looking for:
- interesting BLR
- maximum / long tenure
- at least 90% MOF
- information on any other charges incured such as insurance / stamp duty / valuation / legal fees / lock in perion & etc.

got any public bank & allianze banker here?would like to ask for consultation

Hi all, i bought a house last year below market. So i have been thinking of refinancing the house to get some cash out. Not sure whether it is a good idea or not. Below are the detail of the property & loan

Property price - 200k
Loan amount - 180k
Current market price - 260k to 380k
* house have been renovated hence planning to refinance for 400k
Bank - Public bank (my paycheck also in public bank)
Interest rate - BLR -2.4%
Loan tenure - 40 years
monthly repayment - rm800+-
Salary - rm4800 gross
- plus rm1200 bonus (monthly average)
Commitment
- 1 house
- credit cards
- Ptptn

So my questions are

1) Since nowadays i doubt i can get a loan tenure up to 40 years, is it wise to refinance coz my monthly repayment will definitely be higher for loan tenure on 35 years.

2) With my current salary & commitments, what is the maximum loan amount i can get

3) Any suggestion which bank should i refinance to?

4) I still couldnt understand the BR concept against the BLR.

Faiz, thanks for the repply. i think i will contact you soon to look into maybank or some other banks u do.

By the way, is there anybody doing Public Bank? Kindly drop me a PM.

Yes, i know there is a lock in period for the loans. Even so, you still got the benefit from the cash out from the refinance, so it's ok.

The previous agent i deal with did mention that if we refinance with the same bank we can negotiate to waive the lock in penalty. Which is why i'm looking for an agent doing mortgage loan for public bank to clarify on this matter. Not sure how true it is. If it is not true might as well shift to other banks.