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 Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!

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koinibler
post Apr 11 2013, 10:25 AM

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QUOTE(wild_card_my @ Apr 11 2013, 08:42 AM)
1. If you want to choose not to pay any monthly installment, you would need to state the payment as ADVANCE PAYMENT. By doing so, the payment will not help reduce the interest payment made into the account, it will only help you to not pay your upcoming monthly installments. So in short, the RM1mil you have deposited into the account can only be either:

a) CAPITAL REPAYMENT
b) ADVANCE PAYMENT

And not both at the same time. Of course, you can choose to split the money.
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As far as I know, advance payment on OCBC loan will also help to reduce the interest. I thought its one of the different of OCBC loan compare with other bank, since OCBC loan is not a semi flexi or full flexi (although it called itself semi flexi loan) since it has both criteria.
koinibler
post Apr 11 2013, 12:09 PM

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QUOTE(wild_card_my @ Apr 11 2013, 11:16 AM)
That may have been a different product. But as far as I know, the advanced payment does not help reduce the interest charges for your installment. I may have been mistaken, but I have exhausted all resources (talking to the manager and checking with the call center) to verify this information  laugh.gif
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Its actually a discussion with other forumer too.
Proceed here and have some though. Btw, I'm just a borrower waiting for my loan with ocbc to be approved.
More info is better.

http://forum.lowyat.net/topic/2255456/all
koinibler
post Apr 11 2013, 12:20 PM

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Its just 1 page thread.
If you still need to skip, maybe you can start at the middle of the thread aka after 10 post.
koinibler
post Apr 11 2013, 10:33 PM

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QUOTE(seng870825 @ Apr 11 2013, 07:40 PM)
only advance payment is allow to withdraw , once u write in letter to request transfer into capital repayment then is not allow to withdraw anymore.
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as far as I know, its quite contrary.
only capital payment is allow to withdraw.

QUOTE(christopheryam @ Apr 11 2013, 07:25 PM)
i got additional question: if my loan is RM1.5mil, i paid RM 1mil as 'advance payment', can i convert 'advance payment' to 'capital repayment'? then i can withdraw from 'capital repayment' then.

this shd be workable right? but how to do this? go to the counter? or write in letter?
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I've never read similar case like your's.
But since your amount is huge, you can always negotiate or refinance with other bank.
Need a banker help for this q sweat.gif
koinibler
post May 28 2013, 05:21 PM

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QUOTE(Seremban_2 @ May 28 2013, 03:39 PM)
You must be Kinding, seremban got so many banker. matter of which banker you take. go do find out. ask developer or real estate agent.
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many in real life...
just, they're not here in lyn.

but still, depend on project, kl agent also can.
they can straight away send document to hq
koinibler
post Sep 9 2013, 02:03 PM

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if really -2.5%, I'm interested to refinance!
What is the eligibility for the -2.5%?
koinibler
post Sep 9 2013, 05:43 PM

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cannot la -2.5%.
Its for >2m loan only.

If can get for my loan 300K++, sure geng!
koinibler
post Oct 24 2013, 05:57 PM

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QUOTE(neutro @ Oct 24 2013, 11:14 AM)
Hi
I have an existing housing loan with OCBC
I need to apply for Renovation loan or Home Extra with OCBC  icon_question.gif
Any sales rep / Agent for OCBC can assist?

Please PM or Whats app, Text or voice at 019 2609451 -  Riz
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I'm also still not really understand about this RnR loan.
Hope OCBC agent can give a head up.

Does this RnR loan will have the same account with the home loan?

Does it need a prove of the renovation?, as I see on its brochure, the loan can directly debit into the saving account. Plan to buy some house appliance too.
koinibler
post Oct 28 2013, 10:08 AM

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QUOTE(ericliaw @ Oct 25 2013, 10:05 AM)
The facility will be shown on Ccris as Personal Loan collateral code. The interest is lower than personal loan.
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QUOTE(thomas.tan @ Oct 27 2013, 12:40 PM)
RnR loan come with different agreement, it is a personal loan.
repayment to different account.
maximum is up to 30% of the property value.
10% can directly to applicant, 20% is for contractor only.
interest rrate is BLR+0
need help for this?
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Thank you ericliaw and thomas.tan .

As I assume in my head, its should have different account too.

As I needed it only for cabinet+appliance, then maybe its not really suitable for me.
Plus, if its consider as personal loan, then I just need to find a personal loan which has reducing rate less than 6%.
koinibler
post Oct 28 2013, 06:02 PM

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memer1986

If you can get better offer, or still stick with your 39yrs -2.5%, please let all of us know.
koinibler
post Feb 27 2014, 09:53 PM

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QUOTE(VincentCS @ Feb 27 2014, 04:15 PM)
Yes, technically you can.

becuz your gross income is <Rm5K.

But after EPF, SOCSO deduction, nett income must remain healthy for a 100% loan.

I recommend you go with Fixed Rate, current best fixed rate BLR is -2.4%
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May I know the minimum loan eligible for fix rate -2.4% ?
koinibler
post Nov 26 2014, 02:55 PM

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May I know which bank offer 110% loan for 1st time buyer?
koinibler
post Nov 26 2014, 05:28 PM

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QUOTE(wild_card_my @ Nov 26 2014, 05:12 PM)
I have done 100% loan before for a number of my clients, but at 110%? Well OCBC may be able to help you with that especially with its renovation loan. In that sense you can get up to 120% but they are of different terms, tenure, and interest rates.
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Hehe. Seem asking too much.

Then , how usually people do when the valuation from bank is lower than the sell cost. I try to avoid paying hefty amount of upfront.
koinibler
post Nov 27 2014, 08:40 AM

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QUOTE(Madgeniusfigo @ Nov 27 2014, 12:37 AM)
YUP
OCBC can get you up to 130% Margin financing.

its a perk applying loan with OCBC.

=)
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Thus this include renovation loan? cause the interest rate is different.
koinibler
post Oct 12 2015, 04:50 PM

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I need help experience banker who manage to refinance loan with 2 name to one name. Current snp is 2 name.

I've been told that currently bank enforce refinance with the same name in snp.
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