Hi, can someone help me on this situation:

A house with a join name of me & my sister. There is no outstanding loan on the house as it is an old house.
My sister agreed to sell her 1/2 portion to me amount to 250k.

My questions:
1) Can I borrow housing loan or do I need to settle this by using private loan?
2) Do we need to hire lawyer to settle for the S&P?
3) What are the documents usually required by bank if I want to survey the rate offer for the loan?

I never bought an house so kind a noob about this thing.
Any advise is highly appreciated

Do you know how much its usually cost for items 1-5?
Will the lawyer handle everything or do I need to hire someone to value the house?

Hi Sifus, need your advice on the below loan approved

SPA : Rm 629,000
10% Rebate : Rm 62,900
Nett 90% : Rm 566,100

Nett loan amount + Housing Insurance :
Rm 566,100 + Rm 14,277 = Rm 580,377

2.9%, 35 years @ Rm 2,202.00.

Hi, i would like to know if the Housing Insurance for 35yrs is sufficient that amount

Hi, Can someone assist on my query as below?

1. is there any validity how long the bank loan offer letter (signed on 8 dec 2020) will be valid?

- bought auction properties under caveat with upfront cash.
- already paid both MOT and loan legal fees to the lawyer. currently, the proses of transfer ownership still ongoing after personal caveat has been removed
- 1-2 month ago, the credit application for this loan still appears on CCRIS. but today is gone.

2. do i need to apply the loan again?

Hi. I booked a house in sept 2021 and done signed bank agreement in dec 2021.
SPA still pending.
However last week we being told by developer that they cancelling/holding our housing my phase due to claimed manpower issue, and offering earlier housing phase which we not favour due to location, density and sunset direction.
Is it right this way? Really frustrated  with this issue.

My housing loan for a subsale property was approved by Public Bank, and the loan amount is not yet disbursed by the bank.
Recently, I received a call, from someone claiming to be a valuer and intending to perform an inspection of the property.
1) Can I request the letter of instruction which is issued by the bank, from the valuer, so that I can verify that the valuer is genuinely deployed by the bank for the valuation?
2) What should I do, when the valuer conducts a physical inspection of the property?
3) When the valuer is inside the property, is it just visual inspection performed by the valuer?
4) After the valuer has completed the physical inspection of the property, will the the valuer request me to sign any documentation? If that is the case, what are the documentations? Later, can I request a copy of the documentations?
5) Can I request a copy of the Valuation Report from the valuer? After all, even though the bank instructs the valuation to be done, all cost and expenses relating to the valuation shall be borne by me.
Thank you for the clarification.

Thank you for your generous clarification as always, mini orchard.

Yes, I will inform the seller to open the property, when the valuer wants to come to perform the inspection.
1) Should I pay the valuation fee, direct to bank account of the valuation firm? Or, to Public Bank (from which I applied the housing loan)?

2) When should I pay the valuation fee? Before or after I receive the a copy of the Valuation Report from the valuer?
Thanks again.

My housing loan for a subsale property was approved by Public Bank, and the loan amount is not yet disbursed by the bank.
Recently, the valuer completed the inspection of the subsale property, and just gave me the valuation fee invoice.
[attachmentid=11085443]
What does "reimbursement" mean, and how is this reimbursement calculated (is it a percentage of the market rate as determined by the valuer)?
Overall, is the valuation fee reasonable?
Thank you for the clarification. 

Did refinance under ihc for residential property able to get up to 90%?

Thank you for your answer, mini orchard. 
Thanks to your guidance, I learn that the valuation fee (RM 710 prior to discount, as in my case) are standardized by LPPEH (https://lppeh.gov.my/WP2016/fees/).
Thus, the calculation of the valuation fee is clear cut. I fully understand the calculation of the valuation fee, and have no issue with the valuation fee.
Well, I did ask the valuer before. The valuer vaguely said that the reimbursement is the sum of the cost of preparing the valuation report, the mileage of the valuer travelling between the valuation firm and the property, and so on.
I found it to be weird, that the cost of preparing the valuation report is not a part of the the valuation fee. Then, when I asked for the breakdown of reimbursement, the valuer refused to explain further.
It seems that the valuer may have taken advantage of my naivety in property valuation, and may have charged excessive reimbursement. Thus, I am wondering whether the reimbursement (of RM 587.42, as in my case), or disbursements (similar to a legal firm, as you said) is a reasonable and appropriate cost, or I have been overcharged.
Thank you once again.

Hi all, wondering if there are any bank officers (or if you know if there are any bank officers) that can help me get bank rejection letter?

I placed a deposit for a new project, but due to some recently family circumstances I need to pivot my plans. Appreciate all the help I can get ... Many thanks.

Hello Sifu

Recently done the full settlement loan AIA (Used to be ING Insurance)
Engaged lawyer for the discharge of charge purposes

In the lawyer quotation mentioned :
1. Discharge of Charge Fee
2. Preparation of Change of name Financier, ING INSURANCE BERHAD’s business is vested to AMERICAN INTERNATIONAL ASSURANCE BERHAD (“AIAB”). As such,,,they need to prepare the Change of Name for the Financier to sign

My Question for Item No 2 is who should to absorb the cost ?

Since the Financer name change was AIA and not me .
or Lawyer should not charge for that ?

Appreciate your advice

Tqq

Hi sifu and all.

Hope you all can help me to understand my unique situation.

Wanted to buy property but only bumi lot is available. Im married with bumi but wife not working (house wife).

If purchase house under my wife name but loan put my name and my wife, is it doable?

Thanks

Hi all. Just a piece of info I wanted to share with everyone. For Maybank Islamic loan, do take note that advanced payments done for property under construction will not reduce your interest at all. The semi flexi mode only kicks in when it's your property is fully constructed.

sort of you monthly income，reduce your DSR, etc. purpose to increase the chances for you to get loan approved.

Are those Home Loan Calculators on banks websites and sites like propertyguru accurate? Or do they naturally tend to be on the optimistic higher side?

Hi all, for home loan application, is there an optimum or recommended number of applications we should/can submit?

As in, if we submit too few, we have fewer loan offers to compare in order to pick the best one; and if submit too many it may affect our credit record or something like that?

Indeed. Some can allow to buy half the tenure, some prefer to include critical illness or they won't give good rates. That's why I wanted to apply as many as I can but the advice I got from the banks are all contradicting.

If the APDL not approved yet, can we go to bank apply loan?
Will the LO be binding?
If I'm not buying the unit after APDL issue, will bank penalty me for not signing the LO?
How much the penalty?