Hi guys,
i wonder if i can apply loan from the same bank but two different branches for the same property ?
Will it be a problem. Reason is to compare if the rate differs from branch to branch. And also i am confused one of the branch is the developer contact and the other branch is own contact.

Thanks guys for your answers, i will submit to a single branch then.

However i am confused with MBB flexy and semi flexy. I have a full flexy with CIMB , whereby i pay 10 ringgit monthly charges and then i have cheque book i can dump into and keep there. As what i understand if you got excess money park there, the interest is charge on the balance . If i am not mistaken CIMB full flexy is overdraft.

I thought MBB is the same but the agent keep pushing for semi flexy which i need pay 25 per withdrawal and have to be minimum 1K.

Is overdraft a bad thing cause normally i park my money there and pay all my bills/expenses from that account since the interest is calculated everyday .

Hi all bankers and sifus,

I’m  with my girlfriend trying to get loan for my first house. We plan to buy double storey KL.

Property price: 950k second double storey
Loan:hope to get 85%
Credit card: clear off every month no outstanding
Age: 28(me) 25(she)
Year of our business: 2year plus
Net income:
Enterprise profit
Year 2020 - 97996 - rm4083 monthly profit /person
Year 2021 -126188 - rm5257 monthly profit/person
2022(profit)
Jan -March 10k-14k per month
(5k-7k per person)
All sale and expenses got transaction in our account
We also got submit our income to LHDN for year 2020&2021
Monthly saving around 4k - 6k
Occupation: morning market hawker
-we operate our business under our partnership enterprise
-profit by sharing in business enterprise account
-ssm 2year ++
Commitment :
For me: ptptn rm250 /left 13 year

Every month clear no outstanding
She : no commitment
Marital status : single

Is our profile able get a loan for our 1st house purchase? What would be the loan margin and loan tenure? Thanks for the advice

It is big chance to get 85% loan?

Currently, which bank is offering the best mortgage interest rate? I plan borrow ~400 to 500 k. What is the %.

Would you suggest taking MRTA for property offered by bank that lends the house loan or just standalone? If want to MRTA, do you suggest another third party? Will it be cheaper?

Hope to have your best recommendation..

I dont intend to keep the property for long time. As my family grows, I may decide to move to another house and sell this property maybe in 10 years time. Based on this scenario, you still recommend me taking MRTA?

Secondly, usually banks will charge how many more % premium for MRTA? Is it cheaper than doing at other places? What are the pros and cons of buying MRTA from bank (besides maybe lesser borrowing interest rate)?

hi sifus..am pllanning to refinance house to settle bad debts

try walk in  1 2 banks not many staff in office nowadays to ask detail guard says just give number but no one call back.

what bank offer refinance+consolidate debt product? if refinance only dont think my DSR can qualify

Usually does the land office follows the valuation of property given by the bank and the bank's valuer?

So basically, when we buy a new house, the valuation of property by jpph will be different from SnP / bank valuation?

I dont intend to keep the property for long time. As my family grows, I may decide to move to another house and sell this property maybe in 10 years time. Based on this scenario, you still recommend me taking MRTA?

Secondly, usually banks will charge how many more % premium for MRTA? Is it cheaper than doing at other places? What are the pros and cons of buying MRTA from bank (besides maybe lesser borrowing interest rate)?

to be fair, if they lost the main breadwinner, they should have sold off such a luxurious house and buy one that they can afford.

well, i dun wanna pry but that would be an isolated case then since they are continuing staying there (legally or illegally).

Hi,

I just get offer for my house loan.

MRTA for 30 years. Cover only 350k.

My loan 520k. For 35 years.

If example anything happen to me. What happen to my loan.

Normally 30 years insurance start from year one right?

What happen to my balance loan. Do my wife need to pay lump sum?

Thanks

Currently house will be 2 name. Me and my wife. But loan under my name only.

Any suggestion to cover my loan. Can i buy MRTA from other company later?

So far my back up planning that my wife will use my life insurance if anything happen to me.

Hi,

Does banks still offer house loan that allows spouse to be guarantor?

Hi, need advice how mortgage top up aka cash out works. I have an existing housing loan with RHB bank and want to cash out since house increased in value. How to calculate how much I can cash out? Example below which is right calculation

1. House value: RM1,000,000
2. Bank loan: 90%
3. Remaining loan: RM 700,000
4. Prepayment made: RM 100,000

Calculation A or B is correct?

A. Cash out margin is RM900k - RM700k - RM100k = RM 100k cash out

B. Cash out margin is RM900k - RM700k = RM 200k cash out

Yup I am looking to cash out due to increase in value it is a form of refinancing. My issue is with the calculation of amount I can refinance. Whether that deducts my additional pre-payment or just direct minus the remaining loan amount.

Thanks for the detailed reply. The part is confusing a bit now is since my RHB loan is a flexible type loan, I put in additional cash into the loan account which can be withdrawn anytime. Now the nett cash out should it deduct the additional prepayment made into the loan?

Original Purchase Price .... 1,000,000
Loan 90% .... 900 000
Additional prepayment …. 100,000 (available to withdraw)
Current outstanding .... 600,000

Refinacing valuation .... 1,200,000
Loan 90% ..... 1,080,000
1,080,000 - 600,000 = 480,000 (cashout)
OR
1,080,000 - 600,000 - 100,000 = 380,000 (cash out)

Oh actually it is like this. I got a flexible loan with additional funds inside that can be withdrawn. But I also want to get additional loan through cashing out. But how to compute the cash out amount is it including prepayment or excluding?

Hi all sifu. I applied for rumawip and loan 100% approved as below -
loan 300K
3% rate
33 years

I am noob in loan but my colleague says i should have apply 90% loan and pay the 10% from EPF. What if , when starting to pay the loan, I put in all my EPF account 2(assume it is 30k) to the loan? Will I rugi alot compare to 90% loan ?
And she did say as well, every 1/2 year, pump in all your EPF account 2 to the loan. At the end, your interest will be lower alot. Does it works like that?