If you accept the LO, they will keep the documents for future uses like evidence in court in the case of mortgage default.

If you reject the LO, or the LO is expired, or your loan application is rejected, they will stamp those documents as void and it cannot be used for any other purpose anymore.

As a mortgage broker, I have Maybank, OCBC, Ambank, HLBB and Alliance as our panel.

Neither the banks nor I charge any kinds of processing fees.

To be honest, no one knows yet what the base rate is going to be. Will the effective interest rate offered by the banks remain at similar levels as it is today? I think so, but I am just speculating. The BR is probably going to be lower tha BLR, but the banks will offer it in the form of BR + xx%, and in the end, the effective interest rate would be around 4.4-4.8% anyway, just like it is today.

Again, that's just my speculation, best that we simply wait and see. People still need loans for their big ticket purchases regardless.

For HSBC Loan, is there a chance of BLR -2.4% and also qualify for FREE zero moving cost package?

As currently I'm using HSBC Advance as my main bank for payroll, really would hope that I can also consolidate home loan with the same bank (reduces hassle of transferring here and there); but the initial proposed BLR -2.2% by the HSBC officer is a big letdown...