hi there,

i'm planning to refinance my property.
D/S 18x65 Taman Tasik Prima Puchong ( lake Vista)
but I have one problem.

My house loan is under my wife and her sister's name.
her sisters house loan is under my name n her name.

Now i'm planning to refinance and change it back to my name so both of us can switch back to own property.

I have 2 cars loan as a commitment.

Is it possible for me to refinance my house?

Anyone willing to guide or advise>>>>
Thanks in advance to all kind one's.

May I ask for opinions.

I currently have a mortgage under my wife and my name. If we refinance it under my wife's name only, will I be eligible to get mof 90% for my next 2 residential properties?

Thanks in advance.

Guys , i would like to advise those looking for loans. Past few months i have submitted documents to few banks and had few experiences through out all this loan process and procedures. Almost 4 banks loan has been approved but i have rejected since their package not worth.

I were fully interested on FULL FLEXI before this, since i had intention to park money at current account to save loan interest. So each bank i have tried i was looking for FULL FLEXI and below was my feedback.

AMBANK - Beginning stage agreed for 80% and BLR-2.2, where BLR was 6.6. Then 1st reply said only can offer 70% with blr-2.1. Requested to push for blr-2.2. Next feedback was only 65% and blr-2.15 . So what i noticed here each time i ask to give better rate bank tried to reduce MARGIN OF FINANCE and made me to increase property value higher. So i have rejected.

MAYBANK - NO full flexi for business premise. Bank offered standard traditional loan, said can push for blr-2.2, subject to HQ approval. And if iM willing to park any cash in FD that would be easier for them to push. So i dropped.

CITIBANK - Full Flexi can push for blr-2.0 but loan tenure is just 20 years where monthly installment getting higher for loan amount. Not afford to pay, dropped.

ALLIANCE BANK - Fullflexi blr-2.0 can push more, only can offer 70% loan. In order to get better rate i must park about 50 or 60k in current account for 6 months. Later can take out money it seems. What i don't understand is, even without knowing whether loan success or not we have to park money in current account. If fail, still our money stuck in CA. So dropped.

HONGLEONG - Do have fullflexi link to current account. Blr-2.1 subject to approval. Loan approved but i reject since only can offer up to 20 years with lower amount of loan since their risk calculation on me is high. So dropped

PUBLIC BANK - Before try above banks, had tried PUBLICBANK once and they informed FULLFLEXI package has been closed. Then recently tried again and found out they offering FULLFLEXI if loan amount is above 500k with BLR-2.2. Seems good offer and applied then later on found out how their FULL FLEXI really works, where previous i had understanding of what ever cash you park in current account will be used to offset the principal loan amount and balance will be calculated for payment. BUT ACTUALLY NOT. I have attached below snapshot of clause.

To explain you short, PUBLIC BANK CURRENT ACCOUNT should have minimal amount which is 30k. That 30k will be excluded from computation. And only 50% of balance money in CURRENT ACC (after minus minimal amount 30k) will be used to offset loan principal amount.

Example, you have 100k parked in CA. Minus 30k of minimal amount, balance 70k. So only 50% of 70k means just 35k will be used to offset outstanding loan principal amount.  So the rest of 65k in CA doing nothing....
LOOK AT 5.1 , 5.2, 5.3
[attachmentid=4194242]

NOW I already have doubt about FULL FLEXI at other bank, might be works in same way.
So i advise please check the clause or term how their FULL FLEXI works.

Anyone impacted on the new blr for existing loan?

OCBC and ALLIANZE

BLR sure at least 2.4 ,with daily rest calculation 365days, BLR - % will be equivalent to other bank 2.5-2.6

90% can.

full flexi, easy withdraw and easy advanced payment.

Need more info, can contact me =)

Hi. Can you recommend best 2 banks for fully flexible mortgage. Minimum BLR-2.4%. Condominium value over 1 million in a prime area. Financing 90%. Disposal income over 10K per month.

Hi All, wanna ask after i signed the loan agreement and all things settle, then later on I have extra money, can I make payment to the house principle value? So that my loan amount will get lower for coming month?

Thank you so much for your feedback. I will consider Hong Leong then. My loan just got approved by those 3 banks so I need to make decision on which bank should i sign the agreement with.

HI,

Not sure if this is the thread i should ask. But hope fully you guys can help.

I've a condominium bought for rm180k in 2007. I took a 30 years loan with public bank.

Currently, the market price is around 300-320k. Now, I'm planning to get a landed property. Was wondering is it better to settle the loan early or just sell it as it is now. Checked thru the bank, the remaining balance is about 140k still.

Thanx