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Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
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DreamChaser85
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 Apr 19 2013, 11:31 PM
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New Member
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QUOTE(Ricky300 @ Apr 19 2013, 08:37 PM) Hi Guys, Just want to check with you guys before I go for another property. I intend to purchase a property amounting RM530,000. Has no problem paying the deposit but kind of worry the loan. Below are my details":- Salary RM5000 Currently commitment 1)Car instalment RM750 per month 2) Housing loan (amounting RM553,000/2) start repaying 4 years later. Appreciate if you guys can advise me on this matter. Rm5000 is it your nett salary per month? 2) Correct me if I'm wrong, your housing loan start repayment 4 years later? Is it an under-con project? -Has this loan been accepted already? -what is the tenure of the repayment? *So you intend to purchase a 2nd property amounting RM530k? This post has been edited by DreamChaser85: Apr 19 2013, 11:32 PM |
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DreamChaser85
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Apr 20 2013, 07:39 AM
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New Member
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QUOTE(Ricky300 @ Apr 20 2013, 12:32 AM) Usually mortgage loan is stretched over a long period of time, I'm sure your new one does too.. When you take up a loan even with DIBS they calculate the FULL amount you are able commit per month after full disbursement.. If u think of it logically the NEW LOAN u will take will also be stretched to 20 or 30 or 40 years..so even 4 years of DIBS is insignificant..Bank cares more whether your income now is able to support the FULL INSTALMENT after full disbursement of loan.. HOW OLD ARE U NOW? Okay you're 26. Max tenure is 40 years (also determines how long u can stretch the loan and effects your approval chances) This post has been edited by DreamChaser85: Apr 20 2013, 07:19 PM |
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DreamChaser85
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Apr 22 2013, 05:22 PM
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New Member
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QUOTE(Dark Devon @ Apr 22 2013, 04:30 PM) Hi everyone, I'm looking to purchase new development v12 Phrase 2 Sovo by LYL group. Looking for 300k package. Self employed and having bank statement for submission. Please contact me through dark_devon@msn.com or pm me.  Seeking for best solution. Thanks. Heyyy  booking already ar? |
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DreamChaser85
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May 1 2013, 01:07 AM
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New Member
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QUOTE(rachel_xxx @ Apr 30 2013, 11:31 PM) hi will like to ask. does savings help in loan approval? Not much unless u pledge FD with , say, OCBC Bank if u're applying the loan with us.. Even so, The amount they will take into account is only 80% of the profit u reap from the FD not your whole savings.. |
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DreamChaser85
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May 2 2013, 10:05 PM
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New Member
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QUOTE(rachel_xxx @ May 2 2013, 09:55 PM) thanks. btw anyone knows the pros and cons of co-applicant v guarantor? -Both will appear in CCRIS but guarantor wont be accounted for the +1 housing loan (3rd housing loan 70% loan margin) -Guarantor wont have a split commitment deducted from his/her nett income therefore maintaining his/her nett income for the next house VS -Co-applicant will be obligated to pay half of the monthly commitment therefore CCRIS record will assume that half-commitment is taken by both main & co-applicant (Therefore, reducing the nett income for the next housing loan commitment): Future property purchas - Co-applicant will also be treated as +1 housing loan (3rd housing loan 70% loan margin) Welcome to dispute... |
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DreamChaser85
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May 30 2013, 09:45 AM
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New Member
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QUOTE(Puchong Family @ May 30 2013, 06:20 AM) Need quotation from OCBC panel lawyer. To draft Banking Facilities Agreement. Loan amount Rm480k. Prefer firms which are located in KL PM me Already approved loan application from OCBC Bank? Can u PM Me your number pls? |
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DreamChaser85
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Jun 3 2013, 01:06 AM
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New Member
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QUOTE(jayne*muffin @ Jun 2 2013, 10:36 PM) May I know is my fren condition available for house loan? Monthly income minimal rm5k (rm4k plus commission), but no epf, worked in the company for 6 months.documents available are bank statement, payslip and letter of confirmation.monthly commitment is car loan, rm580. If he is available, what is the max amount that he can loan for? The documents are okay and enough to apply for a loan. need LATEST 6 months of those bank statements and payslips . But How old is your friend? (the loan tenure/repayment period will affect your friend's loan amount eligibility) This post has been edited by DreamChaser85: Jun 3 2013, 08:31 AM |
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DreamChaser85
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Jun 4 2013, 12:09 AM
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New Member
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QUOTE(wkiat88 @ Jun 3 2013, 11:55 PM) Wanna ask if we just bought a master title condominium, however the strate title is issued prior finalizing the process (after signing snp and loan agreement, executed by bank and pending redemption) do we incurred any additional cost like MOT or any others?thanks Yes, there will be MOT costs incurred as long as for (LEASEHOLD) : before consent is acquired from land office, lawyers will check with developer whether strata title been issued. if yes, the MOT transfer from master title to Strata title is compulsary before consent acquisition can be done with land office. As for (FREEHOLD): not too sure *Pls consult a loan lawyer further regarding this matter *Pls advise if i'm wrong This post has been edited by DreamChaser85: Jun 4 2013, 12:12 AM |
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DreamChaser85
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Jun 24 2013, 03:50 PM
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New Member
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QUOTE(futurevision_ben @ Jun 24 2013, 02:59 PM) Any Mbb, Hlb, Cimb banker here? Need loan package and valuation for property at Bukit Antarabangsa, Ampang. Kindly call Ben 0175196228 immediately, efforts appreciated, thank you. Wah that area negative listing: Landslide  etc. exactly what is the jalan and taman ? This post has been edited by DreamChaser85: Jun 24 2013, 03:51 PM |
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DreamChaser85
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Jul 1 2013, 06:29 PM
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New Member
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QUOTE(lcyeap90 @ Jun 29 2013, 08:02 PM) I currently earning gross RM3.2K per month, holding 2 CC total credit limit RM7k, having a mortgage loan joint name with my father, loan amount is RM1.05M, monthly repayment is RM5.5K. no other commitment. I wish to know, how much would i able to loan from bank if i want to buy another property which will be shared with my gf. she is currently earning gross RM4K per month. thanks. Seems like on your side your free commitment load is a lil bit full from the joint mortgage u have with your father. This post has been edited by DreamChaser85: Jul 1 2013, 06:31 PM |
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DreamChaser85
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Jul 6 2013, 09:36 AM
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New Member
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QUOTE(nike89 @ Jul 6 2013, 12:12 AM) Any bank offer 100% home loan for first home buyer? Yep, Skim Rumah Pertamaku . OCBC has this package too.  |
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DreamChaser85
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Jul 11 2013, 07:37 PM
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New Member
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QUOTE(mushroom0320 @ Jul 11 2013, 07:31 PM) What is the bank that can offer loan margin at least 85% where I have no credit commitment at all. Car is cash, no credit card, no personal loan, nothing ? I have already try cimb, rhb, allianze, public bank, citibank, uob, hong leong. So far, citibank already inform me that the max loan margin they can give is 75% only. Actually OCBC can offer 90% margin but based on what u're saying I think all those banks slashed your margin because you DON'T have any record in CCRIS AT ALL. How old are u? How long have u been working? Never borrow any loan from bank before? Never had a credit card? My advise is go apply a credit card first...and use it on petrol.. |
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DreamChaser85
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Jul 11 2013, 11:40 PM
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QUOTE(mushroom0320 @ Jul 11 2013, 08:21 PM) Yes. I know about it. But now the world has changed right ? Last time the convenience point of credit card is cashless. everything can pay by a small plastic card. But now we have internet banking and debit card which can replace the role of credit card, what for we need to apply credit card if we dun think is necessary ? For car, why must buy a new car if i can use an old car from my parents ?? I'm 28 years old. Working for almost 4 years. But now i wish to purchase my first home and i need to get the loan. Anyway to solve this ? Well think of it like this la, you get a credit card use it for petrol and get REBATES/ POINTS to redeem gifts. Nowadays the credit card benefits is really good if u use it wisely... + when you have CCRISS record already and your payment conduct is good and prompt. you will get your 90% loan  |
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DreamChaser85
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Aug 5 2013, 10:30 AM
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New Member
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QUOTE(scng @ Aug 5 2013, 09:34 AM) Hi sifus out there, I would like to know the downside of having a loan with lock-in period but it start from the date of signing the S&P. Lock in period is 3 years and the construction takes 3.5 years. Would appreciate your expert advice on this. Thanks! Usually lock-in period starts on the first disbursement of the loan and as for under-construction properties it depends on when is the first scheduled claim received by developer from the bank. |
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DreamChaser85
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Aug 25 2013, 10:46 PM
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New Member
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QUOTE(Newcastle @ Aug 25 2013, 06:15 AM) Hi All Banker, Would like to ask how much loan could I get if my salary is 3k+++ but I put it at 3k nett? I have zero debt and no owing to any bank. I would need to know so that I can prepare before hand any purchase of subsales or developer housing project. Thanks! wat is debt service ratio? meaning I borrow 60% only? It means the total monthly repayment (total) that your Nett Income can support. EG: IF your Nett Income is RM2.9k then it is RM1,740 monthly instalment (Inclusive of car, housing loan and etc.) This post has been edited by DreamChaser85: Aug 25 2013, 10:47 PM |
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DreamChaser85
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Sep 5 2013, 10:56 AM
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New Member
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 Which branch are u from? |
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