500k loan, 30y, 4.2%, installment - RM 2,455
500k loan, 30y, 4.3%, installment - RM 2,474

It doesn’t work that way. You can’t just convert it to a 70% loan.
But what you can do is

1. Try to merge(refinance to consolidate loans) 2 property loans into 1. So individually you and your wife can try for 1 more property each at 90% margin.

2. Refinance out your joint loan either to your name or your wife’s name. This way one of you will still have the 90% loan margin for 1 more property.

No. 1 is achievable with proper planning.

It doesn’t matter you have a 70% or 90% loan at first. As long as you have 2 existing property loans, the 3rd loan you apply, you will be entitled to a max of 70% only. Now you can’t transfer to a 70% loan for 2nd property and then go for 90% on the 3rd one. It doesn’t work that way. With these explanation, please read back the earlier reply I sent. Perhaps you will have a clearer understanding.

Hi
Try to pay off the credit card and close the account. So your Ccris won’t show the card or the late payment.
If you can’t pay off fully, settle the outstanding, and show one month prompt payment, then try the loan again. During application tell the banker what’s the reason. Try apply at CIMB bank or Alliance bank.

Hi,

Check if you have enough amount of insurance coverage until the end of tenure and total loan amount. Better to have MRTT based on whole loan amount & tenure. Some only have either one. Check on default & late payment clause. This way you will know how much is being charged when you pay late or can’t pay. Other than that you’re good to go based on details given.

Hi,

Usually agricultural land can’t take up loan for residential purpose. Based on what I know, agricultural land max margin 50%.

Hi,

Full flexi has the additional feature of withdrawing excess amount paid in installments. If you’re not going to use the feature of full flexi you can go with HLB since rate is lower(3.9 is damn good ready) with lesser tenure. Check if the MRTA can cover for whole loan tenure & whole loan amount.

Hi,

Cost is roughly 2.5% from the loan amount.
Legal fee and valuation fees are involved.
Another cost would be the home loan insurance which will depend on the tenure, your age and loan amount.

Hi,

If your rate right now after OPR reduction is more than 4.5% than it’s good to refinance as you can get a lower rate. Even when OPR goes back up, you can enjoy lower rate still.
Another way is, fixed rate loans are lower now. AIA offer fixed rate loans with zero moving costs at 4.75. Higher compared to bank but this is lowest and only fixed rate flexi loan in market.

Hi

This usually happens because developer gives cashback option to customers. Banks see this as a risk and they cut down financing margin so that the margin after cut down will be equivalent to the price without the cashback. Most developer do this. If it’s within your payable means then do it.

Hi, your max eligibility can be at 300k to refinance for cashout on your fully paid condo.
Installment would be based on how much you plan to cashout.