About 4.5% market standard. Certain banks giving special lower rates if you exceed certain loan size as part of a promo to boost their sales.

As long as no more than 2 residential loan. Commercial loan is not considered as residential loan

It's a regulation by the government

If its on HDA the it's residential loan

If you settle the 1st, the 3rd is 90%. As long as it's not settle you're at 70%

If the loan you took is under commercial then it will be considered commercial p, if you took residential then it will be residential loan.

You can't use your own name as you're considered to have more than 2 housing loan already. Even if the other borrower doesn't have a property, it will be 70% if they joint with you

Dear,

1. If your 2nd property commercial is purely a comemrcial property which isn't under HDA, then your 3rd property loan will be 90%

2. If 2nd property commercial is under HDA, which will become a residential property. Hence your 3rd property would be 70%

3. If both is under HDA(HOUSING DEVELOPMENT ACT), and you want to secure 90% for 3rd property

a. sell of any 1 of the property
b. use another family members name

Cheers

Dear

1. If comemrcial is under HDA, you are eligible for 90% margin of finance, hence you had the perks with you.

Cheers

Dear

Yes, you are right. Their DSR is much higher compare to most of the local banks for now!

Cheers

Temporary only until they reduce it later on so grab the chance

no, only 85%

Dear,

1. To sell, you need to sign the LO and wait for the next month for the record the be removed, hence you can do it not at the same time but in 1-2 months time together.

2. Yes, paying off loan works too, but you will used up lots of cash. You need to calculate which one cost the most, 30% downpayment or settle the housing loan.

Cheers

Top up will not recur any loan agreement fees. Only based on the new loan installment and interest rate.

You can tip up a property loan that is non existant

In this case it's a new housing loan.

Dear,
1. It's called top up.

It will incur legal loan fees, stamp duty loan and legal fees.

2. If you have 2 residential loan with bank, and wish to top up or refinance cash out, it will be 90% still.

Amount and term will be the same as normal housing loan.


Cheers

Basically your old loan interest will be based on the new interest rate e.g last time based on blr now it's based on BR rate.

The new loan amount you top up is based on the new base rate.

Dear,

1. Nope, it will still follows the normal rate. All my clients receive the same rate range with PTPTN restructure/settled borrower. However, the rate will differ by profile...

2. Well, HLBB just raise their BASE RATE TO 3.94%

3. Well, may I know which banker from which bank provide you such information?

Cheers

UOB drop the base rate to 3.84% recently. Previous customer now enjoying lower interest. =D

4.45% still standard rate lo. Spread 0.61% now. You hope BR drop again lo then you can enjoy lower interest. =D

Dear,

1. YES, installment will increase. The bank will give notification to you soon

2. If your spread is higher than the other borrower, within the same bank, definitely your effective rate will be higher!

Cheers

Well if you're worried about the fluctuating rate, can always opt for the Fixed Rate, otherwise, it will be an ongoing issue you will have to worry about throughout the loan period.

Your existing spread rate is fixed. If BR drop, it will be good to you. People who newly applied for loan, will have to take BR + higher spread rate. However, still equal to standard effective rate such as 4.45%.

Let say now you applied loan
...Rate Offer to you...
BR=3.84%
your spread = 0.61%
BR+Spread = 4.45% (effective rate)

--------------------------------------------------------------------------------------------------------------
...Your existing rate after BR drop...
If Br drop to let say 3.60%
your existing spread = 0.61%

BR+Spread = 4.21% (effective rate for previously spread 0.61%)

--------------------------------------------------------------------------------------------------------------
.....Compare to new customer.....
For new customer who just about to apply loan at the point of time.
BR = 3.60%
Spread = will increase to 0.85%

BR+Spread= 4.45% (Effective rate) - (standard rate)

Yes it's still applicable for your first house purchase

http://www.themalaymailonline.com/malaysia...ghlights-so-far

Property

– Budget extends 50 per cent stamp duty exemption for first-time home buyers and increases the purcase limit from RM400,000 to RM500,000. The exemption will be given until the end of 2016.

If haven't accepted yet then just cancel the bank LO and proceed to project B then.

Lol then let another middle person do it. No need cancellation letter. Just say you are not accepting the bank offer and you decided to cancel purchase for project A that's all.