Yes, I am aware of it. Infact, I am having MLTA currently for my current house, but, of course the value is only 1/3 of my new prop.
So, no intention to transfer it, just keep it running on the side. Keen to subscribe for another for this new house, but always found MRTA is waste of money as the coverage reduces over time.
Perhaps, will just subscribe from my own pocket.

Thanks.

I'm not bother to buy any MRTA nor MLTA .....
Hehehe

nobody care la..this is the power for sp setia...


they got strong background and proven record before..so buyers no worry on the spec on material..

i saw some small developer, when launch the project, make the showroom so damn nice, and the spec also nice nice one..but at the end, come out like shit...

so nowadays ppl will rather chose branded developer instead of small timer developer...even though looks like buy blindly...

but i really hope it turns out nicer than the showroom lo. Can see the quality a bit bad...

Because I bought aravia c2 at 1.12mil (house number 48) which I feel is over price. I only left with few choices during my turn. I decided to give up but the SA pursue me take a unit n reject later.

This post has been edited by odySSeys: Oct 16 2013, 09:44 AM

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

I think both Voon and Teow will join EcoWorld as well.

Good to know that OCBC can go that high.
CIMB - 85%
AmBank - 70%

ambank so low ?

what is 90% DSR?
Is it important?

85% is base on certain income bracket...

oh, debt service ratio.

Percentage of the debt you can serve based on your net income. DSR = Debt Service Ratio
The higher income you have, the higher % they allowed.

Debt Service Ratio = DSR
Calculated as total committment / total nett income
So if your committment is high and including the new loan committment, your DSR is I.e.: 82%, your loan may not be approved at CIMB, confirm reject at AM Bank. HLB is 85%

AM Bank is infact only 65%. Alliance is 80% or thereabouts. Case on case basis.

Maybank 70% - 80%.

RHB is 80% but upon appeal can get maybe 82% or 83%

OCBC being the world's strongest bank have robust credit risk management system and they take up to 90% for under con project. Completed props much lesser.

Thanks Darween for the detailed explanation.

Also...need to add..HLB doesnt just look at the nett income or the nett committment. They consider your increment trend and higher limit for performance bonus income. I gave more than 3 months of payslip to show my increment trend as my DSR is 83% excluding net worth.

If put savings in FD, can get lower DSR but I have submitted and will only act after I recieve feedback from banks.

The lady, Chris Onn from HLB is by far one of the best banker I have dealt with. Know their products well and explains all the hidden costs.

Darween,

OCBC - u cari Toh or Wendy or Khoo? Who is nicer?

The lady is the GM for SEH, kesian her did the briefing until no voice ...

Voon definitely coz dia punya anak oredy there lo ...

I didnt go on the list given, he contacted me and he said his name is Amos.
But i would not recommend him, quite poor service.
Phone usually off, dunno what he doing.
I would recommend KC Toh.
He's prompt in replying mail and following up.

>800k no lock in, can negotiate. Their loan is semi flexi.
I will put up more details later.