How hsbc count allowance?
100% of allowance or 1% of allowance?

If not fixed allowance?How many % considered?

Anyone can assist me for refinancing a house under master tittle? Tried citibank & rhb, unable to proceed because still under master tittle

yup, developer has wind up in May 2013.

bankers please advise.
if scenario as such, what is the outcome:
loan tenure 30 years.
original loan amount RM300k.

assume outstanding loan amount to date is RM100k.
present market value is RM550k.

if refinance or top up to RM500k, what is the calculation?
new installment based on:
a) 30 years RM300k installment + 10 years RM200k top up installment; or
b) 10 years RM500k installment?

thanks.

any supporting articles to relate to?

Hi,
Just want to ask from expert here.

How much is the extra cost that you need to pay for the refinance process? (valuer, loan agreement charge, etc)

Thanks

And also for the lock in period for under-con units, when will it be effective? Lets say 3 years lock in.. New launch 2014, and expected 2016 completions.. so will the lock in starts from 2014 or 2016?

I believe it should b 2016 onwards, but plz correct me if I am wrong, thx..

If loan amount<300K and non-HSBC customer before, only can get 80% loan?

Hi Guys,

Just some questions on mortgage loans as I am currently trying to plan my finances. After selling my property I have made about RM160K nett which is currently in FD.

I am currently eyeing another property - but after selling my previous property, I no longer have the additional rental income to supplement my monthly salaried income.

My questions-

(i) Does income in FD (assuming put in one yr FD) count towards my income for bank loan purposes? For me it works out to about 3.5% of RM160K, which is about RM5K+ per year.
yes, the interest can calculate as your income

(ii) How is DSR calculated? Based on gross or net income? i.e. when you mention 75% DSR - it is 75% monthly commitment on the net income right?
from nett income, basic is 70%

(iii) My gross salary from employment is about 5K plus, what kind of DSR should i be subjected to? My net salary however falls below 5K.
if income more than 5k, DSR +10% = 80%

(iv) Do certain professionals (i.e. accountants, actuaries etc.) have an additional 10% added to their DSR limits?
no

(v) How do banks view bonuses (i.e. performance bonuses)? My company pays out up to 40% of the salaries in the form of bonuses, so my average bonus is around 6 months per year for the past few years. As it is part of the EA Form, do banks take it into account as part of DSR calculations?
yes, it was calculate as your income also

Thanks.

Dear Bankers,

Need some advice from u. My bf and I are planning to buy a property, however, my bf has just changed to new job and still under probation. Will this affect us in getting a housing loan?

Anybody can help me?
My brother wants to buy a car..
He wanna use his name for the loan but me as a guarantor.

Let's say his hire purchase is approve., then suddenly I wanna buy a 2nd property in the next month, apply for housing loan, will it effect me or in my Ccris report. Bank usually sees this?

i need advise from someone experienced here.

i declared two incomes total about total RM7,000 monthly, car loan about RM10xx , gonna finish after three years.

i saw a high end condo priced about RM1.2million and very interested to buy. My parents can support me yet I am not sure if I can get loan for the condo ?  My declared income has just increased from RM3k to 7k last month only. Do you think the bank can approved me?

Does guarantor really helps a lot ?

Hello fellow bankers.

Is is true the banks do not give loan the individual with CCRIS record of less than a year?

Hi All,

My virgin post here at Low Yat! Hahaha...
Ok, serious business, need some advice here from the experts...

If a person hold more than two housing loans and looking to purchase a third residential property (requiring housing loan), any BANKS, INSURANCE AGENCY or anything (except Ah Long) can still lent him more than 70% finance margin?

If we take out the option to jack up the SPA price. Thank you!

Hope some bankrrs can solve the following case.
my friend intends to purchase
a new service apartment at kajang
At 310k.
However he is a retiree with
Rental income 500 and son give
1500 each month.

He has strong fundamentals like
1 m in epf, 0.4m in fixed deposit
And a 10 years old house worth
500k, which can sell anytime.

Since he want to invest and want
to sell the new apartment in 6-8 yrs time
what is the best options for him.

A.  Buy cash. But worry income tax

B. Bank loan. But bankers mention that
    he has no solid income.

C. Buy using his daughter's name who
  Had just graduated and looking
  For job.

What is other bankers opinion. If my friend
Want to insist on optionB?

now refinance can max how long tenure?

Now I using bank H but already pass the bond period, if i want to change to other bank.

what fee need to paid to change bank? stamp duty?

If during the loan period, I have extra $$, I can use the extra $$ to pay off portion of the home loan principle.

Any bank got this kind of feature?

Actually not only HSBC, a few other banks products also allows this. But always clarify before signing the letter

HI,

RHB , HSBC and Alliance Banker needed for valuation of an Agriculture Land Located at Klang.

Kindly pm me here. Would give you my contact .

TQ

Hi, I would like to ask a question.
My father and I planned to get a property together under joint name and joint loan. This will be my first property and my father's 3rd property.
How much will the margin be? at 70%? or 90%?

Please do PM me.
Thank you.

My first house is having bank loan but second house I join name with sister . The s&p is both nane but loan is under my sister name only.

I plan to buy third house , is my third house can get loan with 90% or 70 %.

Please advice

Hi guys, got a question regarding home loan.

1. If I were to purchase the property and to take the bank loan with my mom, what is the maximum tenure that I can take?

2. Say the S&P is signed by 1st Sep 2014, and I understand the bank disbursement will happen within 3 months from then (if all good)....if the bank is ready to release the loan by 15th Oct 2014 - can I extend this until the permitted range of the S&P...which is the end of Nov 2014.

hi all, want to ask something regarding loan issue here...

i own a property, a double storey terrace house, already got individual title and CF, property is still under bank loan...recently i plan to let go of this property, but my friend (a property agent) told me that my property may have some loan issue...

he say due to the developer of the property had went into liquidation, so it's very hard for the potential buyer to obtain loan from the bank(s) as most bank will just reject it...is this really the case? anyone has experience this before?

kindly help me on this matter here...thx a lot...

Hi,

I have signed the offer letter from bank for my housing loan last week.
Now i'm considering to change my job. Will it affect my housing loan?

thank...

i wonder is there any term loan allow the extra prepayment to principle in the mkt?

and the HSBC is the only one offer the zero cost moving package

and citibank has this Complimentary Legal Fees + up to RM10,000 cash back
any comment pls share thank you

Hi all,

Need advise as im toying with the idea to refinance or its better to stick to current loan.

Current loan is blr 5.55 (-2.1)
Loan start Jan 2010

then what is the max tenure loan? 35 years?