Feb 19 2018, 02:58 PM
QUOTE(nagapelangi @ Feb 6 2018, 01:04 AM)
Hi all,
I am looking to refinance my house to settle my car loan, cc loan and put some saving into my ASB account.
Current loan is with Maybank, rate 4.4%, been paying for 3++ years already. Current age is 30 years, outstanding loan amount is 440K. Current home value i estimate is 600k plus.
My question, if i top up loan max how many percent can go?
Other bank agent also can PM me direct. Thanks.
Hi, I am looking to refinance my house to settle my car loan, cc loan and put some saving into my ASB account.
Current loan is with Maybank, rate 4.4%, been paying for 3++ years already. Current age is 30 years, outstanding loan amount is 440K. Current home value i estimate is 600k plus.
My question, if i top up loan max how many percent can go?
Other bank agent also can PM me direct. Thanks.
I recently took up maybank top up facility on my existing mortgage loan. It will look into your property value and see how much can u get. In my case, current loan balance is RM200k, property valued at RM700k. I am entitled to top up RM200k only(although I can get RM500k) due to my loan entitlement(CCRIS). This process comes with cost as below:
1. Upstamping of the new Top Up amount - engage your lawyer to do this. This wont be cheap depending on amount requested
2. Pay Valuer for the property
3. Bank will check the landed property is master or individual title? If developer already issue the title, you need to perfect your MOT(Memorandum of Transfer). This amount is based on purchase price(if u are the first buyer) - this will cost u a lot!
Hope this helps.
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