If i were to buy anyaman e.g. rm680k with ready cash, i should pledge my money into the bank as collateral during the 3 yrs period. Let say i have good background with only 70% LTV left..

(1) Which bank offers best?

(2) What ratio of pledged FD amount is likely to be approved?

(3) What else i have to beware?

Thanks for any advise and feedback.

This post has been edited by tangibee: Dec 5 2013, 10:39 PM

if situation not allowed for complete full pledge, i can opt for small loan.

do you mean buy prop value snp at eg. RM1 million but after down payment of 30% will have balance rm700k for getting loan.

then i pledge rm700k FD to bank and in return bank pay me normal board rate interest for 5 yrs. (?)

im ok for no FD withdrawal allowed for 5 yrs because all FD amount can cover all 1:1 loan amt.

Will there be any mortgage repayment monthly? If No, what bank earn? If yes, how ?

i need to ask dummy questions bcos i hv zero experience on pledging against mortgage. My question is in view of my condition whereby i have the full 100% cash ready to buy a undercon condo with DIBS, and i cannot benefit from DIBS if i buy cash unless pledging to bank for earning interest purposes only.

The interest earned from FD pledging can be transferred to saving account?



This post has been edited by tangibee: Dec 6 2013, 07:05 AM

Oh ya, your are right!!

Lock in tenure should be in par to construction period. For lock in 2 or 3 yrs period is reasonable. i was caught in thinking about no RPGT after 5 yrs. Whats wrong me

i still have capability to get m250k loan, i should go ahead to apply loan then my balance cash money can be for other use. when it completed and no more dibs, i reduce principal with the money that i have.

The pledging FD amt will contra oustanding loan amount for the balance of 5 yrs (avoid RPGT).

I welcome any advise. Thanks.

Checked today. left high floor small unit while still got a few big low floor facing out.

imo, many flippers buy bcos many 2nd carpark left for booking. Normally own stay will buy 2nd carpark.

This post has been edited by tangibee: Dec 6 2013, 12:05 PM

anyaman

i just counted them from snapshots. left 76 units in total for block A, B and C.

price wise is not exp nor cheap. good buy for own stay imo.

a lot of carpark left shows definately ton of flippers already lock in. own stay will buy 2 carparks.

This post has been edited by tangibee: Dec 6 2013, 08:54 PM

M size is nice but their dry-yard is too small. The reast of the rooms are good.