Hi,

Not sure if my post fit to this thread but I'm in need for some help/advice

I'm a first time house buyer, and recently I went the new launch event under Glomac Lakeside Residence in Puchong

There are one 2-storey selling at RM900k.

Went to check few loan calculator, with the current interest rate, the monthly repayment should be around RM3.9-RM4k

I'm gonna try to submit the necessary document to see if I can grab that 90% loan.

I'm having a gross salary of RM 9k for the last 2-3 years until now, no car loan (2nd hand car fully paid), no outstanding cc record, no other commitment,

few question here...

1.) what are the documents needed for me to prepare in order to submit my house loan eligibility since I'll be trying few banks, just in case...?

2.) I'm trying to apply all by my own, without putting my wife as joint applicants, is it possible to get 90% or will it be successful?

3.) What are the other legal fees / S&P fees, etc that will be involved for buying a first house?

Appreciate all the professional feedback

Thanks.

Hi all,

First of all, thank you to all who PM me the much-needed assistant and professional advise.

I believe I learnt a lot today from this forum. Thumbs up to all who are so co-operative in helping my case.

There are still some that I haven't mange to reply, but rest assured, I will reply each of everyone of your PM

Thank you once again for all the helps.

I still have more learning to get myself understand about house loan mortgage, especially on the S&P fees, legal fees, loan agreement fees, etc (everything is all about money) but at this point of time, I'm thinking ahead on what are the latest interest rated being offer, as of today, for all the banks available in Malaysia, be it local bank / international bank?

I went to this website http://www.comparehero.my/housing-loan#all and it does show all the house loan interest and their package advantages.
I'm not sure if this is real or not updated.

Anyone can update over here a full list the latest interest rate house / mortgage loan, as of now?

Thanks again all, for those PM or whoever reply over here.

Regards
cks1026

Also, I would like to know what is the process to purchase a house?
Get the consensus on the final property price with the agent / owner, then Sign the S&P, then only prepare doc to apply loan?
or Get the consensus on the final property price with the agent / owner, then prepare doc to apply loan and then sign S&P?
How do we handle the downpayment? pay it to the agent and ask for the receipt or let the lawyer do it on my behalf?

Also, anyone from Citibank representative that can PM me? I want to find out on your house loan package as well as Overdraft
Others are welcome to PM me too.

Thanks again

Regards
cks1026