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Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
haha0810 P
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Sep 19 2019, 11:31 PM
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New Member
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Hi Sifu, I just gotten an offer from RHB. Loan Amount - RM430k Interest rate - 4.25% (without MRTA) The banker is saying this is full-flexi loan without monthly maintenance fees.
Is the offer good enuf for me to accept? Thanks
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jason5443
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Sep 19 2019, 11:33 PM
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Getting Started
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QUOTE(haha0810 @ Sep 19 2019, 11:31 PM) Hi Sifu, I just gotten an offer from RHB. Loan Amount - RM430k Interest rate - 4.25% (without MRTA) The banker is saying this is full-flexi loan without monthly maintenance fees. Is the offer good enuf for me to accept? Thanks 4.25% is abit high. You can try other banks and compare the rate
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fishysjj
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Sep 19 2019, 11:59 PM
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Is there a thing call developer prefer banker? Is it necessary to apply loan thru agent refer by developer? Because I am applying thru bank’s my own.
Is it possible that I join my name with another person but loan is only under my name? Name 2 already have previous properties, I am afraid it will affect my loan rate (90% loan).
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!@#$%^
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Sep 20 2019, 12:10 AM
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QUOTE(jason5443 @ Sep 19 2019, 11:33 PM) 4.25% is abit high. You can try other banks and compare the rate no mrta is the key
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jason5443
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Sep 20 2019, 12:19 AM
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Getting Started
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QUOTE(fishysjj @ Sep 19 2019, 11:59 PM) Is there a thing call developer prefer banker? Is it necessary to apply loan thru agent refer by developer? Because I am applying thru bank’s my own. Is it possible that I join my name with another person but loan is only under my name? Name 2 already have previous properties, I am afraid it will affect my loan rate (90% loan). It's easier to apply through developer's bank panel. If the project is under the bank panel, no issue. Otherwise, the bank will not proceed.
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fishysjj
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Sep 20 2019, 12:47 AM
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QUOTE(jason5443 @ Sep 20 2019, 12:19 AM) It's easier to apply through developer's bank panel. If the project is under the bank panel, no issue. Otherwise, the bank will not proceed. Yaya.. I am applying thru one of the developer bank panel. Once the loan approved, the banker will approach developer lawyer for SNP? Or we have to arrange our own?
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lifebalance
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Sep 20 2019, 09:25 AM
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QUOTE(haha0810 @ Sep 19 2019, 11:31 PM) Hi Sifu, I just gotten an offer from RHB. Loan Amount - RM430k Interest rate - 4.25% (without MRTA) The banker is saying this is full-flexi loan without monthly maintenance fees. Is the offer good enuf for me to accept? Thanks Looks good QUOTE(fishysjj @ Sep 19 2019, 11:59 PM) Is there a thing call developer prefer banker? Is it necessary to apply loan thru agent refer by developer? Because I am applying thru bank’s my own. Is it possible that I join my name with another person but loan is only under my name? Name 2 already have previous properties, I am afraid it will affect my loan rate (90% loan). Yes, because the banker who got the deal with the developer has put in a special deal with them to only pass them the loans to do. And yes it will affect your loan margin if that person currently has more than 2 residential loan
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Pac Lease
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Sep 20 2019, 10:55 AM
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QUOTE(fishysjj @ Sep 20 2019, 12:47 AM) Yaya.. I am applying thru one of the developer bank panel. Once the loan approved, the banker will approach developer lawyer for SNP? Or we have to arrange our own? Developer will using their panel SPA lawyer. So no need to be worry because developer sales staff will arrange for u. QUOTE(pinnacle999 @ Sep 19 2019, 06:39 PM) Any recommendations how to refinance to reduce mortgage payments? Three loans total ard 1mil. Interet rate ard 4.4%. 4.9% and 4.2%. PMif you have good offer U want to reduce repayment is in term of reduce interest and loan principle or just want to choose to pay interest only ?
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jason5443
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Sep 20 2019, 11:47 AM
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Getting Started
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QUOTE(fishysjj @ Sep 20 2019, 12:47 AM) Yaya.. I am applying thru one of the developer bank panel. Once the loan approved, the banker will approach developer lawyer for SNP? Or we have to arrange our own? You can inform the bank and they will help you to arrange the snp using the appointed developer lawyer.
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lifebalance
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Sep 20 2019, 11:51 AM
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QUOTE(fishysjj @ Sep 20 2019, 12:47 AM) Yaya.. I am applying thru one of the developer bank panel. Once the loan approved, the banker will approach developer lawyer for SNP? Or we have to arrange our own? That depends on you, in fact you are allowed to appoint ur own SPA lawyer when buying a project if you want to make sure your interest is protected. Developer will normally offer to pay for your legal fees provided you use their appointed lawyers. But then again who would the lawyer side when there is a problem with the project?
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nbi
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Sep 20 2019, 09:14 PM
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Getting Started
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can request bank to review housing loan interest or not? if so, how?
status - house loan not yet release any payment
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jason5443
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Sep 20 2019, 10:16 PM
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Getting Started
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QUOTE(nbi @ Sep 20 2019, 09:14 PM) can request bank to review housing loan interest or not? if so, how? status - house loan not yet release any payment Why do you want to review loan interest?
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ngaisteve1
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Sep 20 2019, 10:18 PM
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My housing loan in alliance bank already almost 5 years having full flexi plan there. Every month RM10 charges for this full flexi plan. Should I switch other housing loan plan now like semi full flexi or maintain? I am fixed income employee and do park some money in that bank. Advice needed.
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lifebalance
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Sep 20 2019, 10:21 PM
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QUOTE(nbi @ Sep 20 2019, 09:14 PM) can request bank to review housing loan interest or not? if so, how? status - house loan not yet release any payment Nope unless you refinance QUOTE(ngaisteve1 @ Sep 20 2019, 10:18 PM) My housing loan in alliance bank already almost 5 years having full flexi plan there. Every month RM10 charges for this full flexi plan. Should I switch other housing loan plan now like semi full flexi or maintain? I am fixed income employee and do park some money in that bank. Advice needed. That's up to you to decide. If you can maintain using what you have at the moment then it's fine. Otherwise you may need to refinance in order to change the facility
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ngaisteve1
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Sep 20 2019, 10:24 PM
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QUOTE(lifebalance @ Sep 20 2019, 11:21 PM) Nope unless you refinance That's up to you to decide. If you can maintain using what you have at the moment then it's fine. Otherwise you may need to refinance in order to change the facility I heard that other bank like RHb full flexi is zero maintenance. what's cost like if refinance? or what about fixed interest rate 3.5% option? This post has been edited by ngaisteve1: Sep 20 2019, 10:26 PM
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lifebalance
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Sep 20 2019, 10:35 PM
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QUOTE(ngaisteve1 @ Sep 20 2019, 10:24 PM) I heard that other bank like RHb full flexi is zero maintenance. what's cost like if refinance? or what about fixed interest rate 3.5% option? Depends on ur loan amount. There is no fixed rate 3.5% option out there at the moment.
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bluishblueblack
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Sep 21 2019, 04:21 PM
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New Member
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Received MBB offer 90% 35 yrs at 4.15%
Waiting for HLB and RHB. Any idea if they would go any lower than 4.15? What's the lowest rate we have seen in recent times? Thanks.
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lifebalance
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Sep 21 2019, 04:26 PM
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QUOTE(bluishblueblack @ Sep 21 2019, 04:21 PM) Received MBB offer 90% 35 yrs at 4.15% Waiting for HLB and RHB. Any idea if they would go any lower than 4.15? What's the lowest rate we have seen in recent times? Thanks. 4.15 is the lowest now
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jason5443
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Sep 21 2019, 05:30 PM
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Getting Started
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QUOTE(bluishblueblack @ Sep 21 2019, 04:21 PM) Received MBB offer 90% 35 yrs at 4.15% Waiting for HLB and RHB. Any idea if they would go any lower than 4.15? What's the lowest rate we have seen in recent times? Thanks. What is your loan amount
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AskarPerang
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Sep 21 2019, 11:57 PM
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Under this initiative, someone managed to get 2.90% from CIMB for a rumah selangorku project (100k price apartment). Here's the offer letter: Best ever deal. Unbeatable. Grab it if you are first home owner.
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