If refinance, the cash out is under personal loan.

Individual title doesnt requires 30 to 40days. Its within 7days from your presentation date and if your legal firm didnt collect within the time frame from land office, there is penalty imposed. So its impossible 30 to 40 days ya.

This post has been edited by Tavia88: Jul 3 2015, 10:25 PM

Thanks for the correction, maybe I misheard from the legal firm. I will have to reconfirm with them and see what their reasons are. They can't be paying penalties for each transaction.

This post has been edited by wild_card_my: Jul 3 2015, 10:32 PM

Any banker from Affin bank? Need to enquiries for loan

012-9885022
ken

from affin bank Ttdi pj.

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This post has been edited by kyo2020: May 28 2016, 09:03 AM

I havent heard from him after he claimed to have received all of the loan offers, sometimes people would boast about being successful but will keep quiet about being a failure. Not saying that he was, but there is a chance that they did not go through.

Can't really help about banks checking the disbursement, but loan applications are updated into the CCRIS very quickly, so it would be weird if banks wouldn't make a final check for disbursement.

Hi people...I really need some advise and help..4 years back I and my ex bf bought a house under joint loan..eventually we broke up because he was cheating on me..now I dun want the house under my name.all the monthly payment done by my ex..I have not done anything..I have lodge a police report cuz he didnt get back to me about the hse matter..is it possible to change the house ownership under his name?

Yes it is possible but that requires action on his part as well. He would need to agree to buy your share of the house, at whatever price you both agree, this requires a new SPA and a refinancing of the loan.

Have you checked if your name has been blacklisted? If you haven't please print out a copy of your CCRIS and CTOS to see if the house has been paid on a monthly basis. You do not want your name to be blacklisted as you would find trouble in the future.

If he doesn't want to play ball, you may need to go into litigation. But that is already way beyond me.

Hi all sifu, would like to know if property price 650k, 2 person joint gross salary 7k can get loan for this? currently only 1 person got 1 car loan rm700, and insurance rm300 per month, no credit card debt, no personal loan. much appreciate for help. THanks

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This post has been edited by kyo2020: May 28 2016, 08:56 AM

Avtually, OCBC's DSR limits have been reduced quite a bit since the beginning of the year. For this income, HLBB would be a better bet since it allows up to 85% DSR limit for any nett income above RM3000

What are your commitments like?

Thanks alot.

Hi all sifu, if my company gives fixed bonus twice a year(one in the beginning of the year and the other in middle of the year), will the bank take 100% of that amount for my net income or less? Thank you.

Only HLBB and Ambank would take your bonuses at 100% provided that you could give them 2 years proof of bonuses in the form of the EA forms.

As for the other banks, usually you are to provide the bonus payslips and bank statement, and they will only consider 80% of the bonuses as income.

Dear Sifu,

im now looking for a subsale property at around 530k, based on 90% loan amount i be getting 477k, so i will need to fork out roughly rm75k with the deposit of Rm53k + SnP fee (approximately 22k, agent told me). my problem is, i have around 100k of saving currently, after deducting the 75k, i will be left with 25K which might not be enough for me to do the renovation (which my initial assumption of 65k) , the property is already 8 years old and renovation is a must. . i wonder is there any loan in the market that allows 95% margin? so that i can save some of the money to do renovation, or any different between islamic and conventional loan that i can save some amount form the 22k snp fee? how about flexi loan is it Islamic loan? Thanks

This post has been edited by Alexdino: Jul 6 2015, 03:33 PM

OCBC and HLBB can help you with that, subject to approval conditions like within your DSR, the property in prime area as in KL or Klang Valley, etc.

Both interest rates are at 6.85%, based on BR + spread so it is a floating rate, thus it may change over time. Tenure is 10 years.

But only HLBB would allow the inclusion of LVS at 90% loan margin. Hence you would be getting 90% + ~2% (Legal, valuation, stamp duty) + up to 10% of construction loan automatically credited to your account after full disbursement of the housing loan for purchasing.

OCBC on the other hand, if your margin is already at 90%, you cannot include the LVS fees into the loan anymore. Their construction loan though is up to 30% of the house value, up to a maximum of RM200k.

One word of advice though is to avoid using seller's or agent's SPA lawyer to avoid conflict of interest as the lawyer would be representing your interests against the seller and the agent. So if you take up their recommendation for lawyers you are doing yourself some harm in terms of interests. Let me know if you need help with that. I have no sway in the SPA transaction of my clients.

This post has been edited by wild_card_my: Jul 6 2015, 03:33 PM

thanks for the prompt reply, yes property is in klang valley, but not sure is it prime area. so for HLBB the +~2% is inside the house loan rate right (average of 4.4%)?

the 6.85% for construction loan is very close to personal loan rate

any different between islamic and conventional loan that i can save some amount form the 22k snp fee? how about flexi loan? is it Islamic loan? Thanks

Yes, the +-2% for the Legal valuation and stamp duty fees have the same interest rates as the housing loan rate of about 4.4 to 4.8% depending on what you get..


Now now, brotherman. You should not mistake annualized interest rates (housing loan, mortgage, construction loan in question, ASB loan) to a simple interest rates (hire purchase, personal loan).


Essentially, 4.45% annualized interest rate is equal to 2.4% simple interest rate for 10 years tenure. 2.4% personal loan rate is very very cheap no? 6.85% annualized rate (like the HLBB contruction loan) equals to 3.84% simple interest rate for 10 years tenure

Islamic loans can be both flexi and semi-flexi. I recommend that if you do not use the flexi facility, to not use it because it has a cost of RM5 to RM20 per month. Legals fees would be similar between the 2 although Islamic can have a little more documents, but this is entirely dependent on the banks. Highly recommend the Islamic to avoid lock-in periods though.

Let me know if you need help with anything!

This post has been edited by wild_card_my: Jul 6 2015, 03:57 PM

hi azmi, are this saying that currently the highest dsr limit is goes to HLBB up to 85% in countrywide while other bank mostly give dsr to 70% only?