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> Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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victorian
post Jun 13 2022, 09:01 PM

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QUOTE(OrdernPay @ Jun 13 2022, 08:21 PM)
advance payment means extra pay for principle reduction?
what about  pre-payment? prepayment will not save interest?
*
Why do you think prepayment and advance payment is two different things?
abyone
post Jun 13 2022, 09:47 PM

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Loan amount: 615000 (61.5% 3rd property) + 17261 (mrta)
Loan tenure: 35 yrs
Interest rate: 3.10%
Monthly installment: RM2469
sum insured 100%, cover for 20 years

hi all, can advise if this rate is competitive? Thanks.
lifebalance
post Jun 13 2022, 11:02 PM

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QUOTE(abyone @ Jun 13 2022, 09:47 PM)
Loan amount: 615000 (61.5% 3rd property) + 17261 (mrta)
Loan tenure: 35 yrs
Interest rate: 3.10%
Monthly installment: RM2469
sum insured 100%, cover for 20 years

hi all, can advise if this rate is competitive? Thanks.
*
Looks good
OrdernPay
post Jun 14 2022, 08:30 AM

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QUOTE(victorian @ Jun 13 2022, 09:01 PM)
Why do you think prepayment and advance payment is two different things?
*
because of how it drafted in the pdf

"Advance Payment will not be considered as prepayment and
thereafter will affect your loan outstanding balance for interest
calculation purposes."
KTCY
post Jun 14 2022, 08:50 AM

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What's the procedure to reject bank loan?
canjeth
post Jun 14 2022, 09:07 AM

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QUOTE(KTCY @ Jun 14 2022, 08:50 AM)
What's the procedure to reject bank loan?
*
Just say no. Banker should know what to do and cancel in system.

To be even clearer, tell the banker how to do his/her job by saying cancel in system.
lifebalance
post Jun 14 2022, 09:52 AM

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QUOTE(KTCY @ Jun 14 2022, 08:50 AM)
What's the procedure to reject bank loan?
*
Inform the banker to cancel the application.
blacksoul678 P
post Jun 14 2022, 11:38 AM

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Hi guys, if the new property that i wish to purchase only has 1-2 panel banks, and I want to try other (non panel banks), do I really have to wait for the CCC to be obtained first?
vinceleo
post Jun 14 2022, 12:21 PM

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U don’t need to wait till CCC but non panel bank will take longer turnaround time to process as they first need to ascertain the valuation can match developer selling price, developer might not absorb legal fee etc on non panel bank.

Any concern with the 1-2 panel banks, you may get the developer sales / agent to work out the best bank to approach based on yr profile

QUOTE(blacksoul678 @ Jun 14 2022, 11:38 AM)
Hi guys, if the new property that i wish to purchase only has 1-2 panel banks, and I want to try other (non panel banks), do I really have to wait for the CCC to be obtained first?
*
mushigen
post Jun 14 2022, 09:20 PM

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QUOTE(OrdernPay @ Jun 13 2022, 09:35 AM)
question on HLB
https://www.hlb.com.my/content/dam/hlb/my/d...re-sheet-en.pdf

Interest is calculated on the Eligible
Outstanding Balance, which is the difference between the loan
outstanding balance (inclusive of charges) (“Outstanding Balance”)
and the Advance Payment or up to 30% of the Outstanding
Balance, whichever is lower.

means extra money pump in only can save up to 30% of the intereset?
*
This should be the semi flexi loan.

Say you have 100k outstanding balance. You can only offset up to 30k. Meaning, if you pump say 35k, your 5k will not be doing anything to offset the interest.


woe.com
post Jun 15 2022, 10:21 PM

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Hi all,

Curious to know, let say there is 2 person (A & B), they both already have their own mortgage loan for their own stay, eg. 1 million each person (and max out for additional loan entitlement).

But then A & B have a Sdn Bhd (partnership) company, and they were thinking to get a shop/property, so is the bank evaluating based on company profitability/entitlement rather than personal?

And is there any different between buying a property under personal or company?
joonh
post Jun 15 2022, 11:53 PM

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Hi all,


UOB bank
90% loan : RM452700
MRTA : RM9312 (cover 452700 for 15 years)
Total loan amount: RM462012

Interest rate: 3.08%
Loan tenure:33 years
Installment: RM1860

HLB

88% Loan: RM444000
Insurance: none

Tenure: 33 years
Interest: 3.10%
Installment: RM1793

any recommendation which seems to be better?
lifebalance
post Jun 15 2022, 11:54 PM

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QUOTE(joonh @ Jun 15 2022, 11:53 PM)
Hi all,
UOB bank
90% loan : RM452700
MRTA : RM9312 (cover 452700 for 15 years)
Total loan amount: RM462012

Interest rate: 3.08%
Loan tenure:33 years
Installment: RM1860

HLB

88% Loan: RM444000
Insurance: none

Tenure: 33 years
Interest: 3.10%
Installment: RM1793

any recommendation which seems to be better?
*
either is fine, depends on the insurance.
hueyseng84
post Jun 15 2022, 11:56 PM

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Loan amount: 1,305,000

Bank A
Loan tenure: 32 yrs
Interest rate: 3.05% (Base Rate 2.0% + 1.05%)

Bank B
Loan tenure: 32 yrs
Interest rate: 3.05% (Base Rate 2.86% + 0.19%)

Can advise one is better, or does BR matter?
Pac Lease
post Jun 16 2022, 02:00 PM

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QUOTE(woe.com @ Jun 15 2022, 10:21 PM)
Hi all,

Curious to know, let say there is 2 person (A & B), they both already have their own mortgage loan for their own stay, eg. 1 million each person (and max out for additional loan entitlement).

But then A & B have a Sdn Bhd (partnership) company, and they were thinking to get a shop/property, so is the bank evaluating based on company profitability/entitlement rather than personal?

And is there any different between buying a property under personal or company?
*
SPA under personal name, document for loan application will be latest 6 month company bank statement.
KTCY
post Jun 17 2022, 10:21 AM

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QUOTE(hueyseng84 @ Jun 15 2022, 11:56 PM)
Loan amount: 1,305,000

Bank A
Loan tenure: 32 yrs
Interest rate: 3.05% (Base Rate 2.0% + 1.05%)

Bank B
Loan tenure: 32 yrs
Interest rate: 3.05% (Base Rate 2.86% + 0.19%)

Can advise one is better, or does BR matter?
*
any other terms and condition for bank A & B ?
!@#$%^
post Jun 17 2022, 05:54 PM

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which bank and what is roughly the best rate for rumawip 90% loan for 250k?
blacksoul678 P
post Jun 19 2022, 01:16 AM

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Hi guys, here's the situation.

I received the offer below from Maybank.

SPA price: RM 1,436,150
Loan amount: RM 1,005,305 (70%)
CLTA: RM 48,965
————————————————
Total loan amount: RM 1,054,270
————————————————

Loan tenure: 35 years

Interest rates: BR + 1.05%
Current Base rate: 2.00%
Effective lending rate: 3.05%

Monthly instalment: RM 4,087

_________________________________

CLTA seems to be high. I was thinking of getting a life insurance instead and justify to bank.

If i decide to do so, will I still get the allocated CLTA amount as cashback?

Also, I might consider getting a higher margin loan from PBB/CIMB, but these are non panel banks since the property is only due obtaining CCC in September. Do i really need to wait till CCC is obtained?


vinceleo
post Jun 19 2022, 03:42 PM

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Reducing the CLTA might impact the rate offered, no harm to try tho, since CCC is nearing might approach non-panel bank as they may take it as subsale case however the valuation could end much lower.

QUOTE(blacksoul678 @ Jun 19 2022, 01:16 AM)
Hi guys, here's the situation.

I received the offer below from Maybank.

SPA price: RM 1,436,150
Loan amount: RM 1,005,305 (70%)
CLTA: RM 48,965
————————————————
Total loan amount: RM 1,054,270
————————————————

Loan tenure: 35 years

Interest rates: BR + 1.05%
Current Base rate: 2.00%
Effective lending rate: 3.05%

Monthly instalment: RM 4,087

_________________________________

CLTA seems to be high. I was thinking of getting a life insurance instead and justify to bank.

If i decide to do so, will I still get the allocated CLTA amount as cashback?

Also, I might consider getting a higher margin loan from PBB/CIMB, but these are non panel banks since the property is only due obtaining CCC in September. Do i really need to wait till CCC is obtained?
*
lifebalance
post Jun 19 2022, 03:48 PM

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QUOTE(blacksoul678 @ Jun 19 2022, 01:16 AM)
Hi guys, here's the situation.

I received the offer below from Maybank.

SPA price: RM 1,436,150
Loan amount: RM 1,005,305 (70%)
CLTA: RM 48,965
————————————————
Total loan amount: RM 1,054,270
————————————————

Loan tenure: 35 years

Interest rates: BR + 1.05%
Current Base rate: 2.00%
Effective lending rate: 3.05%

Monthly instalment: RM 4,087

_________________________________

CLTA seems to be high. I was thinking of getting a life insurance instead and justify to bank.

If i decide to do so, will I still get the allocated CLTA amount as cashback?

Also, I might consider getting a higher margin loan from PBB/CIMB, but these are non panel banks since the property is only due obtaining CCC in September. Do i really need to wait till CCC is obtained?
*
You can't get it back as "Cash Back", it's either you take it up as an extra financing to purchase the CLTA or you don't.

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