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 Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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lifebalance
post Jan 3 2016, 03:34 PM

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QUOTE(intrepidity85 @ Jan 2 2016, 02:51 PM)
all my credits cards usage are only 32%-35%....
all my credits cards available cl between 65-70%
would like to borrow 1 million only , won't be any problem right?
i will pm u once i get all my documents on next week
*
1 million loan is no problem at all. Can do smile.gif if need help submit can email me your documents
lifebalance
post Jan 3 2016, 05:12 PM

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QUOTE(intrepidity85 @ Jan 3 2016, 03:59 PM)
credit scoring is around 7.. just checked mine...

is it good with low interest rates?
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Different bank different score. I can help you apply first
lifebalance
post Jan 3 2016, 05:13 PM

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QUOTE(SilverfoX @ Jan 3 2016, 04:57 PM)
Seeking for advice please.

I own a soho (commercial title) currently valued at 600k, owing home loan 185k. Looking to buy a second property worth rm900k for own stay, what do you think is the best way to proceed without using my own cash?

I was thinking of applying for top up loan to pay for the 10% deposit, then hopefully able to secure a 90% loan for the new property, sounds reasonable? Or refinance might be another option?

Im turning 32 y.o in a few months, working in oversease earning about rm20k per month. Only debt in malaysia is the current home loan with hsbc. Thanks in advance!!
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You may refinance your property first then use the cash to buy the second property and still have extra to spend.

I can help you apply.
lifebalance
post Jan 5 2016, 09:09 AM

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QUOTE(memento81 @ Jan 4 2016, 03:08 PM)
hi guys,
i want to ask, really confuse here.

i got my mortgage loan approve + mrta/mrtt
already accept the loan offer.
but then, my insurance mrtt/mrta doesnot approve.

what happen to my loan? or does it effect my loan?

please help
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It shouldn't affect your loan unless stated otherwise in the offer letter by the bank.

Probably you have some health issue that's why the MRTA didn't approve.

May I know if the MRTA was applied directly under the bank or though an insurance agent ?
lifebalance
post Jan 5 2016, 09:18 AM

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QUOTE(RickRock @ Jan 4 2016, 03:16 PM)
Hi, I own a landed property with outstanding loan, RM310,00 from UOB. Planing to refinance OR TopUp loan to cash out for side business. The property estimate worth RM700k (have not yet engage banker for valuation).

Would like to ask,
1. Assuming I'm fine to finance with same bank UOB. What is the different between TopUp and refinance?
2. What is the charge involved?
3. How much % can topup from this property.
4. Understand from banker, to refinance, calculation will be base on 10yr duration, is this true?
5. My income now is RM7k after epf, income tax. Beside this house loan, RM1400, other commitment is car loan, RM900.

Thanks in advance
*
Hi RickRock,

1. Top up is financing with the same bank where as refinancing it with other banks will have to go through the whole loan process again.

Just FYI AIA can help you refinance your property now @ 4.99% fixed rate with zero moving cost with no lock in period.

2. Charges involved are the usual legal loan fees, spa, valuation etc.

3. Depends on your loan. Standard is 1st prop & 2nd prop = 90%, 3rd onward = 70% set by government.

4. For normal bank, it's 10 years, for AIA, it's based on 35 years.

5. If based on your income, it shouldn't be a problem to refinance another 390k, your installment will be around RM3500 (RM1400 + RM2100).

Of course, you may opt for other banks if you don't want fix rate smile.gif
lifebalance
post Jan 5 2016, 09:23 AM

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QUOTE(squall1987 @ Jan 4 2016, 09:46 PM)
What is the cons for taking 3rd party loan?
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3rd party loan is where you deal with someone you might not have a permanent relationship e.g friend and friend, girlfriend and boyfriend vs father & son, mother & daughter, brother & brother.

So there is a risk of default and taking advantage of the other party should anyone of them chooses to default.
lifebalance
post Jan 5 2016, 10:05 AM

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QUOTE(Jasoncat @ Jan 5 2016, 09:59 AM)
While there is no written rule on how 3rd party loan is defined, the general or more widely accepted perception is that if the borrower(s) is/are different than that of the buyer(s) as registered on the S&P, then it falls under the 3rd party loan category - regardless of the blood relationship.
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Yes, you're right smile.gif
lifebalance
post Jan 5 2016, 05:30 PM

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QUOTE(akai82 @ Jan 5 2016, 03:41 PM)
hi..seeking for any cimb banker here to do topup financing on my current loan..below is the detail:
1.house price = rm 162000
2.loan amount = rm146000
3.current market value = rm300000

LTV = 90% with max tenure 30year & above..tq
*
Sure, I can help, please furnish more details e.g commitment and salary
lifebalance
post Jan 7 2016, 05:52 PM

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QUOTE(sevendogz @ Jan 7 2016, 05:51 PM)
my income 5k, car loan settled, one flexi house loan RM300k fully covered for monthly deduction without interest
what is my max loan now?
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5k is gross or nett?

300k what is the installment ?
lifebalance
post Jan 7 2016, 06:24 PM

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QUOTE(kwaick @ Jan 7 2016, 06:19 PM)
any refinance package without moving cost?
*
AIA 4.99% with zero moving cost and no lock in period
lifebalance
post Jan 7 2016, 06:53 PM

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QUOTE(sevendogz @ Jan 7 2016, 05:55 PM)
actually more than 5k nett
installment is around RM1200, but I already parked the whole sum there, in cash but haven't settle, just in case
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Bro,

Your max loan is RM433,168.

RM1200 still considered a monthly commitment and I rate 0.65% for DSR for safe measure due to salary above 5k.

smile.gif
lifebalance
post Jan 8 2016, 07:08 AM

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QUOTE(10Messi10 @ Jan 8 2016, 02:34 AM)
Hi
i have one question on AIA home loan
usually for home loan by bank, we can pay the installment at cash deposit machine or bank account's online services (eg: maybank2u for maybank, cimb click for cimb)
How about AIA home loan? how to pay the installment because AIA is not a bank right? Is it possible to pay online?
*
You can pay back through banks as well smile.gif via Maybank / Public Bank
lifebalance
post Jan 8 2016, 02:35 PM

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QUOTE(levey226 @ Jan 8 2016, 02:27 PM)
Dear all

I looking to buy 300k of the property, my income and commitment are stated below,

Age 26
Income
Gross salary: RM 3,100
2015 perfomance bonus: RM4,140
Commitment:
hire purchase jointly with sister : RM 350 (40/108)
ptptn: RM200
Credit card commitment EPP: RM 97 (10/24)

additional info:
shares amount :RM 50,000

May i know am i eligible to purchase rm 300k of my first property?
*
Hi bro, based on my calculation, you may apply for the 300k property loan on selected bank.

If interested I can collect ur case

This post has been edited by lifebalance: Jan 8 2016, 09:49 PM
lifebalance
post Jan 9 2016, 01:26 PM

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If you're looking into refinancing opprtunity to cash out or settle off debts. AIA is providing the loan that is based on 35 years DSR calculations instead of 10 years. Feel free to enquire. Currently also offers zero moving cost and no lock in period.
lifebalance
post Jan 10 2016, 11:53 AM

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QUOTE(soulknight @ Jan 10 2016, 12:03 AM)
Hi guys, I need some info on my intention of purchasing my first home. My wife and I decided to get a house at the price of RM 598,000. This is our first house that we intent to purchase, and we decided to put RM 150,000 as the downpayment of that house.

Right now I need to know about the others payment that I need to prepare and as well as the approximately monthly payment that I need to pay.

Fyi, both my wife and mine net salary is RM 6,500 per month. We own a car with monthly repayment of RM 500 and ptptn loan payment RM 340.
*
Legal fees about 18k
Loan document about 9k

Monthly about rm2120 if interest 4.5%

Loan can pass.

Feel free to let me know once you're ready
lifebalance
post Jan 10 2016, 06:30 PM

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QUOTE(MiKE7LIM @ Jan 10 2016, 04:29 PM)
Loan 90% w 2% FEC.
amount 324K +legal fee 6.2k+1k valuation fees

Is the legal fee consider normal?
Seem like very expensive...

And if not mistaken loan from Alliance bank
*
Hi there.

The legal fees is standard
lifebalance
post Jan 10 2016, 09:33 PM

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QUOTE(soulknight @ Jan 10 2016, 09:31 PM)
Does the legal fees is fixed amount or based on percentage from the total loan applied?
*
Based on percentage on the loan applied.
lifebalance
post Jan 11 2016, 03:15 PM

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QUOTE(Profgamer @ Jan 11 2016, 10:33 AM)
Hi,

My gross salary is RM 5000.00

monthly installment for housing loan is RM 800.00

monthly installment for car loan is RM 400.00

No outstanding for CC, Full repayment every month.

If I plan to get second property, how much I could get loan from bank.

Please give your advice.

Thank you.
*
You can loan about 605k plus or minus depending on the rates you get. smile.gif
lifebalance
post Jan 11 2016, 03:20 PM

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QUOTE(ice-green-tea @ Jan 11 2016, 11:21 AM)
Hi sifus,

Have some questions regarding to house loan and hope sifus can give some guidance.
Planning to get my first house soon.

Q1. Is it normal to sign loan offer letter before project obtained APDL?

Q2. Now economy is bad, if loan approved at 4.4% now. Few months later if (touch wood) economy turn worse, normally if apply loan during bad economy time, the interest rate will be higher or lower?

Q3. After signing the loan offer letter, changing mind of not taking the loan or swap to other better project, will kena penalty from Bank? If yes, how much will it be?

Thanks in advance.
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Q1. Yes normal

Q2. if economy bad, the interest will normally increase as banks increase the FD rates. that's why got fixed rate offered if you afraid of increasing interest rate

Q3. You've already entered into an agreement, if you delay in signing the loan agreement, the penalty you have to check in the LO.

This post has been edited by lifebalance: Jan 11 2016, 03:40 PM
lifebalance
post Jan 11 2016, 04:17 PM

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QUOTE(kusyah @ Jan 11 2016, 02:54 PM)
Hi,

Anybody know is there any bank can offer 90% for remortgage (free from debt) on 3rd house?
*
3rd property refinance = 70%, don't have 90%
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