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Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
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JC999
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 Jul 21 2014, 11:44 PM
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QUOTE(stabella @ Jul 20 2014, 10:59 PM) Hi, yes, you can. But as reminder, some of bank does not allow 100% pay off the loan portion for certain period. Refer to letter offer to clarify it. HSBC allowed to pay off 100% at anytime. Thank you Actually not only HSBC, a few other banks products also allows this. But always clarify before signing the letter |
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JC999
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Aug 3 2014, 12:48 AM
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QUOTE(eastern @ Jul 31 2014, 04:31 PM) Dear all, I was wondering whether there is such thing for us to take out / extra mortgage (cash) from the housing loan, if you don't have extra cash in the account (for eg: flexi housing loan)? Thank you. Are you referring to cash out portion after refinance or withdraw from current loan? More likely a top-up loan or refinance. |
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JC999
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Aug 22 2014, 08:29 PM
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QUOTE(satriaguy @ Aug 20 2014, 07:01 AM) I got my housing loan approved by maybank, the agent told me this is semi flexi type where I could pay excess to reduce interest, from the letter of offer, no clause mentioning the treatment of excess, whether it will reduce interest or sitting in the loan account doing nothing Only clauses on advance payment redraw facility which will be charged rm25. Anyone have taken loan from maybank? Can share with me on this, thanks Do give us the product name then i can advise whether is flexi. Alternatively you can go to their site to check the features. |
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JC999
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Sep 8 2014, 11:53 PM
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QUOTE(choywm @ Sep 8 2014, 10:28 AM) I plan to refinance my property, outstanding around 250K & cashout 300K. Is it better to finance everything as term loan (flexi or non-flexi) or should I convert the cashout portion to OD? I understand with secured OD, rates can be identical to term loan. Hi Choi, refinancing to OD is slightly higher increase than TL, around BLR -2.0 to BLR -2.1. under individual name, however if you have no need for the money currently it is a better choice. Other wise take up a full flexi facility will also help in interest savings. For the OD portion you wont be able to take out such a large portion. Maybe you can work around 450k flexi loan and 100k OD. do PM me for further info. Cheers, |
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JC999
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Sep 18 2014, 06:53 PM
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QUOTE(choywm @ Sep 18 2014, 06:24 AM) You mean interest for OD is around BLR - 2.1? How about the TL portion? Hi Choy, TL portion we still offer up to -2.45 however depending on your final loan amount. Can pm me your contact i can discuss more in detail over the phone. |
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JC999
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Sep 21 2014, 02:12 AM
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QUOTE(choywm @ Sep 19 2014, 08:40 AM) How come most other loan officers here say OD is at BLR - 0%. Maybe just want easier job. Im not sure where they quote the sources. Do pm me if you are interested to reply |
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JC999
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Sep 21 2014, 02:13 AM
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QUOTE(lus999 @ Sep 19 2014, 06:07 PM) Can any bankers advise if my sister & myself joint name for bank loan of property, RM900k with instalment RM4k/mth. Let say, if she wants to buy a house @ RM600k with her name alone. This is her 2nd house. What is her DSR? Will the 1st housing loan of RM4k/mth calculate as full or half as her commitment since we joint name for bank loan? Still entitle of 90% margin? Thanks Usually commitment divide by half, unless you can get strong supporting documents that the installment is made by yourself only. |
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JC999
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Oct 7 2014, 10:45 PM
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QUOTE(Madgeniusfigo @ Oct 7 2014, 10:21 PM) Yes why not! u need at least 3months at a particular company to able obtain loan so jumping company won't affect. obtaining loans all boils down to you income ! =) Hope I answer your questions ! No problem, just proof of income will be sufficient. |
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