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

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stevenX
post Oct 23 2017, 04:02 PM

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I got an offer from bank A, should i take it and sign it first ?

Or wait for bank B offer first and compare ?

If i had sign the letter offer, is it a must i have to take the offer ?
stevenX
post Oct 23 2017, 04:07 PM

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QUOTE(lifebalance @ Oct 23 2017, 04:03 PM)
It's best for you to wait for the other bank offer before signing any Bank Letter Offer because it may subject to a cancellation fee if you decide to sign and take another bank offer subsequently.
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Thanks for the advice.
stevenX
post Oct 23 2017, 05:19 PM

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QUOTE(lifebalance @ Oct 23 2017, 04:03 PM)
It's best for you to wait for the other bank offer before signing any Bank Letter Offer because it may subject to a cancellation fee if you decide to sign and take another bank offer subsequently.
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QUOTE(ngph988 @ Oct 23 2017, 04:42 PM)
Hi stevenX,

You may wait for another bank LO first only decide further. Some bank like MBB & HLB, you will need to bear cancellation fee RM 2,000 + 6% GST once you have signed LO and request to cancel later on.
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Hi sifu.
1 of the banker said its not need to wait for another offer, as maybe all starting offer may not same, but most of it are not flat rate, so the interest later might be mote expensive.

And we wont know if they offer low interest now, maybe later charge higher.

Is this correct ?
stevenX
post Oct 23 2017, 05:26 PM

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QUOTE(lifebalance @ Oct 23 2017, 05:23 PM)
smile.gif it's bank right to make changes since you're bound by their T&C once you sign the LO
Well that will be incorrect unless the offer you're getting right now is already the lowest among all the other bank.

This is unless you're applying for fixed rate loan then it's on a different level.
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Hmm .. banker A told me that there arent fixed rate anymore, as the market is not stable bla bla bla ..

Ok, will check banker B offer first.
stevenX
post Nov 7 2017, 11:13 AM

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Greeting,

How much bank will charge in legal fees and stamp duty ? Does that normally finance into loan as well ?

 

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