which bank offer the lowest interest rate for refinancing?
How bank compute the cash excess for the loan?

I'm looking to refinance my property

Very misleading.

Hi guys, i have a quick question on the loan margin eligibility by banks/msia law.

Previously, my parents had bought properties under the joint name of me and my brother. They had applied loans for these. There was a total of 2 properties but the first one have been sold already.

The question is if i decide to buy my own property now. Am i subjected to the 70% loan margin? Or am i still eligible for the 90% one since the 1st property was sold?
Thanks.

Hello guys. I've a got a few queries and would really appreciate any help or opinion you guys could offer me.

I'm a Malaysia working in Singapore and currently looking to buy a house in KL an im wondering what is the realistic maximum amount i might be able to loan from the banks, if i am able to get one at all.

A little background of my earnings and commitments.

1. Gross Salary S$4000 before CPF. $3200 after CPF.
2. Non-contractual bonus of about 1 month.
3. Currently paying off a personal loan. Monthly installment of S$900 with 1 more installment to go.
4.Some CC debts at about S$4K. Been paying the minimum for some time now. This has to do with cashflow
5. I probably have 0 credit history in Malaysia since i've never really lived in Malaysia for any extended amount of time.
6. I'm 34.
7. I will have my own house here in Singapore, but it's will completely be paid out of CPF so it doesn't cut into my current net income of S$3200.

Please let me know if you require further information and i really appreciate any feedback.

Many thanks.

Need some help here. I am trying to purchase my first house for my own stay at the moment. I wonder if my DSR is eligible for loan approval.

Property Price: RM565,732
90% loan: RM509,159

Salary: RM4500
Fixed allowance: RM500
Commission: RM500-1400 (varies)
Total Gross/Annum: RM60k
Total Nett/Annum: RM50k ---> (based on my latest EA)

Current commitment:
1) Car loan - RM890
2) PTPTN - RM205
3) CC - RM6k outstanding

Any expert care to help me in calculating my chances? Should I go ahead and try or no need to waste my time and booking fee?

Sorry bro, I wrote wrongly my basic. Made some amendment to it already. I guess with that, it's quite hard right? However, if you have confident to help me secure it I would be more than willing to inquirer you help. 

Many thanks to the both of you for the speedy responses.

I'm budgeting about RM3.5K in monthly installment for a property. Not sure how much of a loan i would need.

@ madgeniusfigo

The fact is i've got no savings. They all went to beer So what would you reckon the my chance would be now? Although i should be able to free up quite a bit of cash (at least S$900) after my final loan installment in the coming month. Not sure if this would help but i actually don't contribute to Malaysia's EPF.

Also, may i please clarify on the provision of loan documents in Singapore? I don't actually have any meaningful loan taken up in Singapore. The most i've ever borrowed was this S$10K loan last year which i repaid over the last 11 months with a final installment to go. Is the repayment advice/statement any good?

Many thanks again. Very much appreciated.

Thanks guys! Much appreciated for the prompt response. Now just have to focus on looking for affordable props. :3

Okay, I will pm/email you my latest 6 months commission asap. Btw, I still have 13 month bonus to include from my above list.

Okay, I will pm/email you my latest 6 months commission asap. Btw, I still have 13 month bonus to include from my above list.

Many thanks again for the information!

Hi, thanks for the initial calculation. Appreciate it.

To answer your question.

1) My current basic is RM4000+500 (fixed allowance, both included in EPF).

2) My commission is as follow.. Again all is subjected to EPF as well.
Feb16: RM1000
Jan16: RM1000
Dec15: RM605
Nov15: RM250
Oct15: RM215
Sept15: RM1115

3) Bonus RM3500 (13 month) is for 2015 as I am only 2nd year into my current job. No performance bonus yet for first year. However, I also received a RM850 for selling my annual leave back to my company on Dec15 and it is also subjected to EPF reduction.

4) Initial amount of car loan is RM90,000. Currently it is at around RM77,000.

Btw, is PTPTN included in CCRIS as well? And this property that I'm purchasing is still under con and completion is 2019. Thanks in advance.

What do you mean by end financier? The property is developed by Binastra. Project is Citizen @ OKR.

Many thanks again to the both of you. Maybe we'll get in  touch for a deeper discussion when i visit end March. Cheers

Yeap. Gonna look for a house.

what does mortgage officer look at for the credit analysis for DSR when Borang BE is involved?

Wow I didn’t know near to graveyard also can affect the loan application. That’s a new insights. Thanks for sharing that bit.

Now I wonder, how about “ghost house”?.. let’s say someone committed suicide in that property, and it’s in the news.. will that affect the loan application?

Another thing, is it true if the property is already more than 10 years master title, it is a bit difficult to get loan?

I’m curious about the calculation of income. Will the following items be included in the calculation of income?

1) part time work: No EPF contribution. No payslip. The only proof is the organization sends email to notify that the money has been banked in. And it is a quarterly payment.

2) annual cash dividend such as Amanah Saham

good afternoon..
i am so much lacking of knowledge in field of housing loan.
i am buying a house at 600k. And i applied housing loan with two banks. They have given me the offer, but i really dunoe which offer is better ><

Bank A offer me a 90% loan (without mrta) at interest 4.4%, loan tenure 35years, monthly installment at 2530.

Bank B offer me a 89% loan (without mrta) at interest 4.45%, loan tenure 30years, monthly installment at 2690.

Can u share me the advantage and disadvantage of this two offers? Hehe or more directly which offer to choose.

personally, i got no problem of the 1% difference in down payment. What are the other factors to consider in selection?

I am so stressed now

Thanks for your reply.

I dun have much saving will saving amount affect home loan application?