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

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diners
post May 21 2019, 07:27 PM

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QUOTE(WahBiang @ May 21 2019, 07:04 PM)
yeah, that's what I thought too... old loans enjoyed lower rates, but new loans higher rates...
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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 tongue.gif
cambridgehomeloan P
post May 21 2019, 09:33 PM

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Very good financing topic. I agree with your topics. home mortgage saving you thousands of dollars.
wild_card_my
post May 21 2019, 11:11 PM

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QUOTE(WahBiang @ May 21 2019, 05:57 PM)
Some queries regarding housing loan.

1. Assuming I have 3 housing loan with all under residential title, at 90%, 90% and 70% margin of loan respectively.... if one of the 90% loan house was sold later on, would I be able to get the next new loan at 90% margin (since the remaining loans are at 90% and 70% margin)?? or it will be at 70% margin again (as it will be the 3rd loans)??
2. With the recent reduction of OPR, the banks reduced the BR, but would they increases the profit loading? Since the effective rate is BR + y%, BR drop, but bank would bank up the y% for new loans and causing the effective rates eventually unchanged??
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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.

user posted image

QUOTE(lifebalance @ May 21 2019, 06:15 PM)
1. No, subject to 70% as well

2. SR is fixed, the change will only be on the BR.
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Insurance agent,

You misunderstood his question. he is not asking about the current mortgage customers, but for new applications.
lifebalance
post May 21 2019, 11:26 PM

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QUOTE(WahBiang @ May 21 2019, 07:04 PM)
1. meaning banks only look at the number of loans, and not the loan margin taken??? hmm that's the case... i need sell first and get the 3rd house at 90% loan before getting 4th house at 70%??? else i will forever 90% for 1st house, and 70% for the rest...
2. actually I mean will the ELR dropped? or eventually banks will up the SR???
yeah, that's what I thought too... old loans enjoyed lower rates, but new loans higher rates...
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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.
AskarPerang
post May 21 2019, 11:40 PM

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QUOTE(WahBiang @ May 21 2019, 07:04 PM)
1. meaning banks only look at the number of loans, and not the loan margin taken??? hmm that's the case... i need sell first and get the 3rd house at 90% loan before getting 4th house at 70%??? else i will forever 90% for 1st house, and 70% for the rest...
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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.
coolguy99
post May 22 2019, 12:30 PM

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For Hong Leong home loan, is there any way to check my effective interest rate online now?
Pac Lease
post May 22 2019, 01:16 PM

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QUOTE(coolguy99 @ May 22 2019, 12:30 PM)
For Hong Leong home loan, is there any way to check my effective interest rate online now?
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03-7626 8899
WahBiang
post May 22 2019, 08:39 PM

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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  tongue.gif
*
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.

user posted image
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...

Drian
post May 23 2019, 06:54 PM

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Guys what interest rates now are considered good for

Full Flexi

Semi Flexi

that bank can provide.

Just applied a few banks so just want to get a feel on whether the offer is good. 600k loan amount.

This post has been edited by Drian: May 23 2019, 06:55 PM
lifebalance
post May 23 2019, 07:02 PM

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QUOTE(Drian @ May 23 2019, 06:54 PM)
Guys what interest rates now are considered good for

Full Flexi

Semi Flexi

that bank can provide.

Just applied a few banks so just want to get a feel on whether the offer is good. 600k loan amount.
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4.15 - 4.25
Drian
post May 23 2019, 07:07 PM

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QUOTE(lifebalance @ May 23 2019, 07:02 PM)
4.15 - 4.25
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Full flexi or semi flexi? A long time ago i remember full flexi generally slightly worst interest rates.
lifebalance
post May 23 2019, 07:09 PM

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QUOTE(Drian @ May 23 2019, 07:07 PM)
Full flexi or semi flexi? A long time ago i remember full flexi generally slightly worst interest rates.
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Semi Flexi, Full flexi dependent on banks will be 0.1% higher
xhell99
post May 24 2019, 11:12 AM

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Wonder how much interest i can save for semi flexi loan if 10k is in the account?

let say is 4.40, 600k loan,
3k monthly installment
dannychen
post May 24 2019, 05:17 PM

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Base Rates, Base Lending/Financing Rates and Indicative Effective Lending Rates As at 24 May 2019 Bank Negara Malaysia

source


Attached File(s)
Attached File  BR__table_for_BNM_Website__24.05.19_.pdf ( 110.24k ) Number of downloads: 115
wild_card_my
post May 24 2019, 05:23 PM

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QUOTE(dannychen @ May 24 2019, 05:17 PM)
Base Rates, Base Lending/Financing Rates and Indicative Effective Lending Rates As at 24 May 2019 Bank Negara Malaysia

source
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Thanks for sharing. Hurm look at Bangkok bank
johnvee
post May 25 2019, 04:00 PM

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Hey guys, my purchased condo still under development and complete by 2022

SPA and loan all signed and stamped

Question is can I change the SPA name from individual (myself) to include my wife? Loan can be remain only me

lifebalance
post May 25 2019, 04:02 PM

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QUOTE(johnvee @ May 25 2019, 04:00 PM)
Hey guys, my purchased condo still under development and complete by 2022

SPA and loan all signed and stamped

Question is can I change the SPA name from individual (myself) to include my wife? Loan can be remain only me
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You can’t change once it’s signed and stamped, unless you refinance it later once its completed
Siao_Lang
post May 25 2019, 11:23 PM

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Hi all,

Whats the best interest rates for 1Mil above loan.

Recently got my loan approved from few banks.

Now looking at possible interest rates. Is it possible to get 4 or 4.1% now with MRTA?
kinkipeifun
post May 26 2019, 07:53 PM

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QUOTE(dannychen @ May 24 2019, 05:17 PM)
Base Rates, Base Lending/Financing Rates and Indicative Effective Lending Rates As at 24 May 2019 Bank Negara Malaysia

source
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Thanks for the update
Seem like mbb BR rate is drop ?
coolguy99
post May 26 2019, 11:50 PM

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QUOTE(kinkipeifun @ May 26 2019, 07:53 PM)
Thanks for the update
Seem like mbb BR rate is drop ?
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Most banks have already revised their base rates. best to check with your individual banks. Or you can check out the link below.

http://www.bnm.gov.my/index.php?ch=en_anno...t&ac=19&bb=file

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