QUOTE(diners @ May 21 2019, 07:27 PM)
my real case scenario was this...
follow by timeline
-banker verbally say is 4.45% (3.25+1.2), while processing for loan
-BNM say OPR -0.25
-banker say my loan now approved and is with the lower 4.25% (3.05+1.2)
-banker told me that if the offer lapse, the new rate will be back to 4.45% (3.05+1.4)
but i ended taking something else at 4.15
I see, it seems like bank it taking advantage on the drop of OPR?? or when the BR goes up, they will lower the SR range again to match ELR?
QUOTE(wild_card_my @ May 21 2019, 11:11 PM)
1. The banks that you apply for in the future will look at your CCRIS and find that you would have at least 2 residential loans. So the next applications will be capped at 70% margin
2. Yes, they have increase the spread for new applications. This can already be seen to my new and old clients' housing loan approvals. The ones who got offers before the banks increased the spread got much better rates. For example, the 4.15% p.a. I got for a client from the same bank for another client who got 4.4%. I won't be able to get 4.15% p.a any more for my clients going forward, because the same bank (and in fact all the banks) have increased their spread rates for the new applicaitons.
Seems like a bit then for me to get a 90% loan....
QUOTE(lifebalance @ May 21 2019, 11:26 PM)
1. Yes, they will only look at the number of loan you have in your CCRIS. Doesn’t matter the margin that you had for the other houses.
2. When a new loan is offered, the bank will adjust the SR according to your loan profile. The ELR dropped because of the adjusted BR by the bank during the loan tenure.
for new loan, meaning banks adjust upward the SR for new loans whenever OPR drop... would it be the opposite way if the OPR increase?? such that the ELR for new loan nvr change too much??
QUOTE(AskarPerang @ May 21 2019, 11:40 PM)
Banks look at number of outstanding housing loan via CCRIS.
As long as already got 2 housing loan, any new housing loan application thereafter will only get 70% MOF (margin of finance).
In your situation, to unlock 90% MOF again, you will have to settle (either by full settlement or dispose via selling) 2 of the 3 property in hand.
pro bro... a bit for me then...