In terms of flexibility, of course it's Citibank. The MOF is rather low but it's not for those who buy property, the cukup makan type.

Don't be fooled by the terms daily rest as I can see for your type of payment, in long run you pay even more than rest. Daily rest interest is higher. Unless you have lots of extra cash to dump in, else don't bother.

Flexibility has it's fine prints and that is what I always advice my customers. In some banks you say flexibility means you can put in your money...you have to choose.. either you want to put in your money and still can withdraw or you put in your money cannot withdraw but deduct interest. Ha... different you know... it's not that I wan to tuang beras (tou mai) on my fellow bankers.

Approval...it depends on few factors... we call it risk groups. Debt burden is taken into factor... Of course your mortgage officer haven't calculate for you in actual debt burden. Means how many credit cards you have, other loans, etc. Plus another factor is whether your past repayment records are nice or not. If you dun pay promtly, why should the bank risk themselves giving u the loan?

Here's the tips, you can add your fixed deposits certs, ASN certs, or anything that shows you are well off other than your pay slip as your supporting documents.

Lastly, I recommend that you do not add her(your gf) in the S&P and in the bank loan application. When conflicts occurs, lots of paperwork have to be done. Lawyer fees is 3% of the property value if i'm not mistaken, if u want to cancel her name.

That rate was about 2 years ago.

BLR will rise wan la. look at the economic cycle,1987 crisis, 1997 crisis, all after 10 years, maybe coming soon 2007 crisis. Already got signs, petrol price naik, inflation and BLR start increasing. from 6% to 6.5%. Later dunno how much more. So many property go on auction liao. Why? cannot pay loan lor...

I see most the customers refinance their existing property to have a lower rate and more flexible repayments. Last time their rate was like 11%, they refinance back to 3%, pay one shot the money, almost complete their loan payments, left the tied up period for them...but interest not running which is a good point. I dunno about local banks but this case happens a lot in citibank.

depends on car. some even 4.5%

AGREED! Here are some considerations on renovations...
Kitchen cabinet (is it included) if not, expect to fork out the max maybe RM20K for nyatoh and solid surface (assuming you have a dry and wet kitchen) of maybe just RM10K for melamine ABS with solid surface.

Other renovations like porch tiling, air con, kitchen floor tiling, etc about RM15k depends on materials.

Thus I wish you young couples all the best.

Usually standard 3weeks. But it varies between banks and also lawyers, whether they want to keep the LOF of not. Just be truthful to RHB saying that you are waiting for another bank. In meantime urge the UOB la. Say you want to sign with other bank, etc. Coz some loan officers will just hold back your document as they have reach their target for this month So they might submit your next month.

If you are lucky, u threathen RHB that you are waiting for another bank, then maybe they can give some more reductions (local bank mer... )

Don't sign after 3 months, to the bank it will consider as rejected already. Do read the LOF to see how much time is given by RHB for you to sign the LOF.