Is there any housing loan out there where we can lump in renovation cost as well?

Anyone has information about loan early settlement cost? Transfer title from bank to me? All kind of cost including stamp duty or legal fee? I googled but couldn't find the info I want.

It’s PBB

OCBC

You mean penalties ? Check your letter offer on the tnc for early settlement

What’s your intention ?

Wondering how could it be 3.1%, Maybank current BR is 2.0% and their spread is usually 1.30-1.40%.

Just got 500k loan ++ approved from Maybank, my client's getting rate at 3.40%

They mentioned that it's PBB, it's possible to get 3.1 if the loan amount is large but PBB always practice first year 3.x and second year 3.(x+1) interest, also compulsory MRTA.

That's right

Hi guys, need your opinion on my mortgage package as follows:

Bank A
MOF 100% RM300,000 for 35 years
Compulsory MRTA RM7,617.99
Legal Fee RM3,264
Total RM310,881.99
Rate 3.45%
Special condition: need to take medical insurance for 1 year at cost of RM575


Bank B
MOF 100% RM300,000 for 35 years
MRTA 2,327
Total 302,327
Rate 3.55%

Should we always opt for lowest interest rate?
I am keen towards bank B as the montly commitment is lower. but in long term view for the next 35 years is it wise to pick bank B?
I would like to take MLTT in the first place but seems like most of the bank "force" for a MRTT

Yeah bank will try to force sell mrta to you.

Lower interest is better overall since you incur lesser interest overtime if you hold onto the loan for atleast 5 to 10 years.

i know whats the penalties in the early loan settlement about. thats not what i am asking.
i wan to settle loan and have to transfer title back to my name, discharge of charge ? legal fee on doing discharge and any duty to pay?

This post has been edited by pvateme: Jun 8 2020, 01:03 PM

Is anyone on HLB? If anyone opt out of moratorium why doesnt the arrears show? All go into advance payments

their profile must be good..need to get 1.1% to get 3.1%...

After 1 year of being on my Maybank loan it's apparently a semi-flexi account. Do you guys think I can make it into a Flexi account?

Ultimately the only difference I see is that if it's a full flexi account is that I would have another current account that works like a bank account. I would prefer that at least I can just make that my normal bank account and would automatically just save me interest rates on my loan while also showing proof of savings.

With my current semi-flexi loan if i need to pull a bank statement my savings account would have lots of deductions because I pile them all in my loan account.

What do you guys think?

Hi I also offered with Maybank semi-flexi loan but haven't sign yet. Your concern would be the monthly deductions from saving account when you pile them over to loan account will make your profile look not nice in bank statement?

You can't unless you refinance the loan.

Check with MBB FA and see if they allow to convert package to full flexi.

Hi guys,
May i know if i apply loan with mbb when want to sign the document, how can i make sure it is full flexi or semi-flexi? (i want full flexi)

since mbb call their flexi loan "MaxiHome FlexiLoan"

This post has been edited by sl3ge: Jun 9 2020, 08:54 PM

contact your mbb agent..

usually housing loan get semi flexi..unless you ask for full flexi..

But a lot of articles are encouraging us to pay more down payment.
https://www.propertyguru.com.my/property-gu...-malaysia-18659
https://ringgitplus.com/en/blog/home-loans/...wn-payment.html

I can't find any article which recommend us to take the max load with max tenure, then pay more installments per month.

Hi,

Planning to buy a land cost 200k RM, i heard loan for land only 50%. What is the alternate loan for land, if any?

Thanks.

The only option is the investment unit rental are able to cover the installment or at least 70% alternatively is to park fund to offset the payable interest-that will however refrain you from utilizing the fund for other viable investment