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> Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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Brandis
post Feb 26 2019, 06:25 PM

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1) Hi, i'm planning to apply for housing loan from MBB soon. What is the best rate available now?

2) Plan to take up flexi loan. what is the maximum amount of money that I can put into the current/loan account so that I can maximise the interest saving?
E.g, I loan for RM300,000, and I park 300k in that account, so is my monthly repayment will just going to reduce the principal with 0% interest? Or there are certain percentage cut off limit?
lifebalance
post Feb 26 2019, 07:33 PM

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QUOTE(Brandis @ Feb 26 2019, 06:25 PM)
1) Hi, i'm planning to apply for housing loan from MBB soon. What is the best rate available now?

2) Plan to take up flexi loan. what is the maximum amount of money that I can put into the current/loan account so that I can maximise the interest saving?
E.g, I loan for RM300,000, and I park 300k in that account, so is my monthly repayment will just going to reduce the principal with 0% interest? Or there are certain percentage cut off limit?
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1. Depends on loan amount, lowest 4.4%

2. 95%, correct
Ar33L
post Feb 27 2019, 01:02 PM

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Hi sorry this a right section or not,

Can mortgage salesperson pm me,

Wanna submit bank loan for property.

Thanks
boner672
post Feb 28 2019, 12:24 PM

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Hi sifu,

I would like to ask is it better to get 100% loan(Skim Rumah Pertamaku/bsn youth housing scheme) or 90%loan? Is there any downside on getting 100% loan? I was thinking to use the 10% DP for progressive payment.

Im a first time home buyer tho. Thanks.
lifebalance
post Feb 28 2019, 12:25 PM

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QUOTE(boner672 @ Feb 28 2019, 12:24 PM)
Hi sifu,

I would like to ask is it better to get 100% loan(Skim Rumah Pertamaku/bsn youth housing scheme) or 90%loan? Is there any downside on getting 100% loan? I was thinking to use the 10% DP for progressive payment.

Im a first time home buyer tho. Thanks.
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100% loan = higher interest rate than 90% margin

If you can afford the 10% then put in the 10% and apply 90%. If you had to apply for 100%, most likely you can’t afford that property
fleaz
post Feb 28 2019, 03:22 PM

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Any mortgage specialist here deal with commercial property loans? Foreign income
lifebalance
post Feb 28 2019, 03:44 PM

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QUOTE(fleaz @ Feb 28 2019, 03:22 PM)
Any mortgage specialist here deal with commercial property loans? Foreign income
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which country is the source of income ?
coolguy99
post Mar 1 2019, 08:02 PM

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QUOTE(boner672 @ Feb 28 2019, 12:24 PM)
Hi sifu,

I would like to ask is it better to get 100% loan(Skim Rumah Pertamaku/bsn youth housing scheme) or 90%loan? Is there any downside on getting 100% loan? I was thinking to use the 10% DP for progressive payment.

Im a first time home buyer tho. Thanks.
*
What is the interest rate for both? Normally the one with 100% loan will command higher interest.
bibibobo
post Mar 2 2019, 08:12 AM

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If the package offered by the local bank and foreign bank are the same, which one should I go for? Is there any details that i should take note?
propusers
post Mar 2 2019, 12:26 PM

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if I have share margin account with 200k limit, but already sold all the shares and clear the margin... the share margin account is 0 debt now...

will the 200k limit (with 0 debt) affect the loan application? if yes, in general, how many % of 200k will be added to my DSR commitment part? 200k x 5% / 12 = 833.33?

boner672
post Mar 3 2019, 07:28 PM

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QUOTE(coolguy99 @ Mar 1 2019, 08:02 PM)
What is the interest rate for both? Normally the one with 100% loan will command higher interest.
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So the drawbacks is higher interest rate is it? Better to get 90% loan then.
lifebalance
post Mar 4 2019, 10:15 AM

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QUOTE(boner672 @ Mar 3 2019, 07:28 PM)
So the drawbacks is higher interest rate is it? Better to get 90% loan then.
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I did mention this like a few post ago.
takumitan89
post Mar 4 2019, 05:44 PM

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need some advice, im currently buying a house property worth RM500k. i have some credit card out standing balance but i always paid either minimum payment or full amount on time, i check my ccris my record was ok. but banker still insist wan me to get join name which i cant as if i join my relative i will mostly get 70% loan approval only. so far only CIMB and rhb bank say my record should be no problem, but other bank like not really give me a good secure answer. any advice?
lifebalance
post Mar 4 2019, 05:45 PM

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QUOTE(takumitan89 @ Mar 4 2019, 05:44 PM)
need some advice, im currently buying a house property worth RM500k. i have some credit card out standing balance but i always paid either minimum payment or full amount on time, i check my ccris my record was ok. but banker still insist wan me to get join name which i cant as if i join my relative i will mostly get 70% loan approval only. so far only CIMB and rhb bank say my record should be no problem, but other bank like not really give me a good secure answer. any advice?
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can't advise you without looking into your documents

Pac Lease
post Mar 4 2019, 06:34 PM

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QUOTE(takumitan89 @ Mar 4 2019, 05:44 PM)
need some advice, im currently buying a house property worth RM500k. i have some credit card out standing balance but i always paid either minimum payment or full amount on time, i check my ccris my record was ok. but banker still insist wan me to get join name which i cant as if i join my relative i will mostly get 70% loan approval only. so far only CIMB and rhb bank say my record should be no problem, but other bank like not really give me a good secure answer. any advice?
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hi, even you pay minimum payment for your credit card, bank will calculate it as your monthly commitment, that is why your banker told you to get joint income to increase your DSR ( Debt Service Ratio. )

QUOTE(Incarnation @ Feb 24 2019, 11:19 PM)
Hi, i would like to ask does high credit card limit would affect housing loan application?

My current total credit card limit was 8x of my salary, but i always settle on time, no late payment.
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higher credit limit only will be affected the personal loan or credit card application. it won't be affect your housing loan application.

QUOTE(propusers @ Mar 2 2019, 12:26 PM)
if I have share margin account with 200k limit, but already sold all the shares and clear the margin... the share margin account is 0 debt now...

will the 200k limit (with 0 debt) affect the loan application? if yes, in general, how many % of 200k will be added to my DSR commitment part? 200k x 5% / 12 = 833.33?
*
share margin won't be take into calculate of your DSR.

QUOTE(blancpain4470 @ Feb 19 2019, 08:19 PM)
Banks are not stupid. This is essentially a current account with overdraft facility and they have to charge you a fee for that flexibility
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Alliance bank overdraft facility do not have any monthly fees. only have half yearly current account maintainance fees of RM 20.
blancpain4470
post Mar 5 2019, 07:44 AM

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QUOTE(Pac Lease @ Mar 4 2019, 06:42 PM)
Alliance bank overdraft facility do not have any monthly fees. only have half yearly current account maintainance fees of RM 20.
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Lol. If you divide RM20 by 6 that's RM3.33 per month! You try to ask if they waive this? I bet no 🙂
boner672
post Mar 5 2019, 11:12 AM

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QUOTE(lifebalance @ Mar 4 2019, 10:15 AM)
I did mention this like a few post ago.
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yeah i saw it, just wanna get more clarification regarding full loan(other drawbacks).Maybe something that i might missed out. Thanks for reply tho.
KoYuKii
post Mar 5 2019, 01:23 PM

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hi everyone.

im planning to get my 1st house. can i apply loan from other banks, beside panel banks from developer ?
AskarPerang
post Mar 5 2019, 01:25 PM

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QUOTE(KoYuKii @ Mar 5 2019, 01:23 PM)
hi everyone.

im planning to get my 1st house. can i apply loan from other banks, beside panel banks from developer ?
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Nope. For under construction projects, you will need to apply from panel banks only. Coz those non-panel banks will have no info regarding this project in their system.
But you can check back with the developer from time to time, usually more banks will be added as panel in future.
lifebalance
post Mar 5 2019, 04:52 PM

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QUOTE(KoYuKii @ Mar 5 2019, 01:23 PM)
hi everyone.

im planning to get my 1st house. can i apply loan from other banks, beside panel banks from developer ?
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if you buy from project you can only apply with the end financier to that project. If they are non-EF panel, then you can't.

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