Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
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 Mar 16 2015, 11:01 PM
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#1
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Senior Member
1,600 posts Joined: Aug 2011 
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Hi, I'm looking forward to buy a subsale property priced around 350k. I'm a first home buyer. Any mortgage banker here can help?
1) I need to find out the bank value of the property. So that I know how much I can borrow or do I need pay more than 10% for down pay,emt 2) how can I utilise the first home buyer scheme. Thank you. |
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Mar 19 2015, 08:39 AM
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#2
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Senior Member
1,600 posts Joined: Aug 2011
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QUOTE(alandhw @ Mar 19 2015, 07:43 AM) For 1st home buyer scheme, you need fulfil the conditions stated here >> http://www.srp.com.my/en/ Thank you. But just realise that different bank has 1 or 2 extra criteria that is not stated here. correct me if i'm wrong. The interest rate for SRP is slightly higher compare to normal loan... I have check with several bank..interest rate as below: AMBank- 4.45% PBE- 4.65% HLB- 4.75 MBB- 5% CIMB- 4.45%(For loan above 400k)   |
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Mar 19 2015, 10:40 PM
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#3
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Senior Member
1,600 posts Joined: Aug 2011
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QUOTE(alandhw @ Mar 19 2015, 05:21 PM) What is the extra condition required? Not exactly condition. They look at the property and reject based on 1) developer has no future development (according to banker) 2. Only main salary can be used. Part time are not allowed 3. Serviced apartment with commercial title is not entitle |
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