around 1 month after sign LO ?

Do your read ALL posts b4 replying ?

If your eyes missed it, not my fault lah.

And I thought anwar introduce the new act after he became pm !

Lowest mortgage rate now is 3.75% for flaoting and 5% for fixed??

Almost near to zero.

Generally banks dont entertain such request because they know is also 'not easy' to do refinancing. Is not a simple case where a borrower "transfer' the loan to another bank.

Another reason is majority borrowers seldom complete the loan tenure not because of refinancing but subsale or extra funds availability.

Seldom do borrowers do refinancing because of small interest diff but more to cash out the extra value for other purpose.

No doubt interest rate is important to a borrower but he should also look into how to settle the loan in the shortest time which will save on interest payment and the very good reason why borrowers prefer flexi loan package.

Can check with friends here previous I got 2.95% last year and now become 3.9% due to OPR.

Any other method to lower down the loan interest rate ?

Or now mostly the rate goes to how much

That is ONLY if you complete the tenure. If you sell before the expiry ?

Other than secured investment like fd, if is other investments and if it gets burnt, banks dont care. But if borrowers dont settle the loan for whatever reasons banks will chase till grave.

What is your estimated total cost for refinancing ? How much loan for refinancing ?

So now the mortgage rate is mostly same as mine now? I'm just curious 🤔

11k charges for 600k amount. How much is breakdown for stamping fees and legal fees?

Hi.

Bank Muamalat Islamic Offers me as follows:

Double-Storey Terrace
90% financing: RM 540,000.00
Semi-Flexi
MRTT: RM 28,735.35
Legal fees (Between Bank and Borrower): RM 14,000.00

Monthly RM 2,616 for 35 years at 4.1 % profit margin (they used the term profit margin instead of interest to make it looks halal)

4.1 % = SBR % + 1.35%
          = 2.75 % + 1.35%

Is it good?

May I know what is the usual/normal rate for mortgage loan?

Btw guys, fyi, current banker (Muamalat Bank) was arranged by developer. If I want to approach the other bank to finance my mortgage loan, what document do I need?

hi, anyone know which bank is willing to offer home loan to a cash salary receiver?  RHB banker directly rejected me.  another hl banker ask a lot of documents... seems like no hope also.... i have EPF , socso and pcb.. and i also bank in 80% of the salary to bank every month. any suggestions?

stupid question
now my house is currently being build (not yet complete)
i have been paying the monthly instalment provided by the bank. due to finance this time, can i pay for interest only for these few months?

may i know how to check?
right now i check the statement only deduct interest fee

i received letters developer asking for percentage of payments

Assuming a person with exceptionally healthy credit profile and ample DSR room.

If he takes a 90% loan for Prop A amounting to RM450k and a 90% loan for Prop B amounting to RM950k...is it true that all else being equal, he will get a lower financing rate for Prop B compared to Prop A? How much % difference? Why?

What's the current indicative rates for the following:

RM500k subsale property
90% margin of finance at RM450k
Monthly commitment ~RM3k, net salary ~RM10k
2nd property
Clean CCRIS

Appreciate some indicative rates from a few banks.

Just applied loan with two bank, want know what the normal rate current market the bank will offer before accept the offer

Hi, I got this rate from my agent, fixed loan.

RM300K and above

1st 2 Years : 3.85% p.a.
Thereafter :3.65%*p.a
Average Effective Rate = 3.66% p.a

Current SBR =2.75

Is it a good deal?

and fixed versus flexi, which one is GENERALLY preferable?

Thank you

I think no because 2 different people from same bank gives me that, like a promotion.

You quoted 3.75-4.0 above, that is for fixed or flexi?