All around 4.35% waive MRTA, some have 20~30% discount on Stamp Duty.. so thats about 2~3k savings.

I miss the 4.2% boat alrdy.

What to do? Now only suddenly decide wan buy house...

The promotional period is +0.90%? Cause this is the important bit.. the rest fluctuates... and since its a new built its not so bad

Bro.. 1.85M house for 30 yrs.. 0.2% not exactly very small

Noticing Islamic mortgage loan is providing 20~30% discount on Stamp Duty.

However, a banker (who's bank does not provide islamic/amanah package) is trying to convince me that Islamic loan contract is not final and is subjected to change at the whim and fancy of the bank, which I personally think is utter BS.

As far as I understand it conventional/islamic package are essentially the same, just that now BN is trying to promote one at the expense of the other.... pls do correct me if I'm wrong.

With all due respect... hard to make a decision on housing loan earlier when I just made the house booking last weekend

Oooh...

When I first read about saving 1 month installment I thought its awesome...

Until your explaination shows we are essentially making 13 month payment instead of 12...

Take Bank A.

Cause the Alpha is smaller at +0.5.

THe BR will fluctuate throughout the term of your loan, but the Alpha will stay.

As for with or without MRTA, dont confuse yourself. Just ask the Bank to calculate the FINAL REPAYABLE with and without MRTA. Take the lower one.

Like my case... the package WITH MRTA end up I pay 15,000 lower interest.... so the choice is clear.

This post has been edited by MeToo: Aug 11 2016, 04:13 PM

I get comment from a bank that my CCRIS is too clean... padahal I have alrdy

1. Holding CC from 5 different banks (zero outstanding)
2. 1 car loan outstanding, early settlement 3 car loans in the last 4 years
3. Sold a condo this year, sold another condo in the last 5 years
4. Early settlement the house I'm currently staying in

Go figure...

Sometimes these MLTA/MRTA is added to the loan package to reduce the overall % paid.

Like a bank who propose to me with MRTA end up lower final repayable compared to without.

Anyway, just got a conventional loan offer of 4.25%... looking like quite attractive at the moment..

Personally there is a limit... like FD i refuse to furnish...

If u have 500k inside its like telling eveyrone u keep 500k cash in pocket... isnt that abit dangerous?

I agree with you on this.

Actually I have never managed my finances in order to build a CCRIS.

I have lots of CC to get some cash back, its a hobby of mine, averaging around 2k cash back annually, now with the house purchase, I intend to use CC for my 10% DP, so looks like I will double my CB to 4k.

Also, I think I have some case with Celcom about 15 years back, hence until now I'm blacklisted by the telco and cannot get a post paid plan under my name... lucky for me I never had to have my own line, all under company.

All my other loans, car/house etc, all usually settled early, so like you said if the officer abit hardworkign and do some digging, they can see this clearly, so those lazy ones miss the business.

Like i mention, I have a case, they wanna ban me up to them, if they wanna proceed to legal I'm ready, sometimes its not a matter of the money, its a matter of principles. Just because you can afford it doesnt mean u should throw money around for no reason.

Anyway i think my "style" is not so relevant to the thread...

This post has been edited by MeToo: Aug 16 2016, 02:20 PM

Not that I'm aware of.

You didnt sign anything.

THey make u an offer, you dont like it u dont sign. That's it.

I checked with liek 5 or 6 banks...

Just signed conventional mortgage for residential...

4.25% without MRTA.

The next best deal was 4.25% with MRTA of about 8k (also conventional).

Third best was 4.3% with MRTA 5k (islamic so save 20% on stamping fee)

RHB and PBB

LO out this within these 3~4 workign days

Those getting Mortgage with RHB need to be aware.

I got whacked with a 2k plus insurance premium for my property which havent even VP yet.

Yes. Fire insurance.

I think Fire insurance for the property shouldnt be engaged by the bank during construction period as those are covered by the developer.

After VP then its the owner/bank's responsibility.

What i did was whatever mortgage I was suppose ot be paying monthly I use the same amount and paid the principal instead. So for these 6 months the principal kept reducing, i reckon by sept it will all work out to be around the same, interest wise.