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Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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Pac Lease
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 Jul 11 2024, 10:18 AM
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QUOTE(steventyy @ Jul 11 2024, 09:46 AM) I got reply from Maybank banker. Refinance amount follow max tenure, but cash out part 10 years. And need to pay 2 loan together... every month refinance installment + cashout installment. paying 2 loan account is standard for refinance existing home loan plus cash out term loan.. If apply cash out in overdraft then no need to serve installment if you didn't utilize the fund. |
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Rinth
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Jul 11 2024, 11:14 AM
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QUOTE(steventyy @ Jul 11 2024, 09:46 AM) I got reply from Maybank banker. Refinance amount follow max tenure, but cash out part 10 years. And need to pay 2 loan together... every month refinance installment + cashout installment. what i heard from my mbb banker is new rule...refinance property that already fully paid is only 10 years loan only, not cash out/top up loan.. if refinance existing property that still have loan is normal 35 years or up to 70 year old.. dunno how true is it... |
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tjuin
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Jul 11 2024, 03:05 PM
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Getting Started
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Got offer from both HLB and MBB same 3.9% for 95% loan. Both semi flexi. Don't know what to choose since all same same.
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LostAndFound
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Jul 11 2024, 08:21 PM
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QUOTE(tjuin @ Jul 11 2024, 03:05 PM) Got offer from both HLB and MBB same 3.9% for 95% loan. Both semi flexi. Don't know what to choose since all same same. Amount? Suspect you may get better deals elsewhere, 3.85% seems pretty common (500k above), I got 3.8% offers from two banks (see a bit earlier in this thread) myself. |
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tjuin
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Jul 11 2024, 08:32 PM
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Getting Started
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QUOTE(LostAndFound @ Jul 11 2024, 08:21 PM) Amount? Suspect you may get better deals elsewhere, 3.85% seems pretty common (500k above), I got 3.8% offers from two banks (see a bit earlier in this thread) myself. ohh property only 290k. That could be the reason. |
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LostAndFound
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Jul 11 2024, 08:53 PM
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QUOTE(tjuin @ Jul 11 2024, 08:32 PM) ohh property only 290k. That could be the reason. Ah yes, amount of that quantum would definitely attract slightly higher rates. Suggest checking other banks too though, the 0.05 difference will add up over time. |
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tjuin
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Jul 11 2024, 09:39 PM
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Getting Started
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QUOTE(LostAndFound @ Jul 11 2024, 08:53 PM) Ah yes, amount of that quantum would definitely attract slightly higher rates. Suggest checking other banks too though, the 0.05 difference will add up over time. Possibly because I refused to take the insurance. They told me it's the best rate if I don't want insurance. Cause at that price I feel like I could afford it even if something happens. |
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ahkit123
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Jul 12 2024, 08:34 AM
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QUOTE(tjuin @ Jul 11 2024, 10:39 PM) Possibly because I refused to take the insurance. They told me it's the best rate if I don't want insurance. Cause at that price I feel like I could afford it even if something happens. 3.9% is fair rate. Opr remain as of now |
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lolful
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Jul 18 2024, 03:49 PM
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Just got approved for my loan.
HLBB
3.8%
885K
9k MRTT for 15 years
Flexi
MBB
3.85%
905K
13K MRTT for 20 years
Semi-flexi
Both need CC application, but MBB give premier banking, is it useful?
Any sifus can advise
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ronnie
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Jul 19 2024, 12:25 PM
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QUOTE(lolful @ Jul 18 2024, 03:49 PM) Just got approved for my loan. HLBB 3.8% 885K 9k MRTT for 15 years Flexi MBB 3.85% 905K 13K MRTT for 20 years Semi-flexi Both need CC application, but MBB give premier banking, is it useful?Any sifus can advise Free parking   This post has been edited by ronnie: Jul 19 2024, 12:25 PM |
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lobster08
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Jul 19 2024, 02:58 PM
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QUOTE(lolful @ Jul 18 2024, 03:49 PM) Just got approved for my loan. HLBB 3.8% 885K 9k MRTT for 15 years Flexi MBB 3.85% 905K 13K MRTT for 20 years Semi-flexi Both need CC application, but MBB give premier banking, is it useful? Any sifus can advise No use, I'm taking MBB too. The criteria for premier banking status is to maintain at 250K casa if loan is below 1 mil for the service. Since HLB gives better rates why not go with HLB. My 2 cents |
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lolful
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Jul 19 2024, 03:49 PM
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QUOTE(ronnie @ Jul 19 2024, 12:25 PM) Free parking Hahaha that is a good perk. QUOTE(lobster08 @ Jul 19 2024, 02:58 PM) No use, I'm taking MBB too. The criteria for premier banking status is to maintain at 250K casa if loan is below 1 mil for the service. Since HLB gives better rates why not go with HLB. My 2 cents Indeed, chose HLBB in the end just to make my calculations easier. |
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Rinth
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Jul 19 2024, 05:52 PM
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QUOTE(lobster08 @ Jul 19 2024, 02:58 PM) No use, I'm taking MBB too. The criteria for premier banking status is to maintain at 250K casa if loan is below 1 mil for the service. Since HLB gives better rates why not go with HLB. My 2 cents Huh loan above RM 1mil then can get premier liao? |
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ahkit123
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Jul 22 2024, 10:00 AM
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Both ok
This post has been edited by ahkit123: Jul 22 2024, 10:00 AM
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lobster08
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Jul 22 2024, 12:09 PM
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QUOTE(Rinth @ Jul 19 2024, 05:52 PM) Huh loan above RM 1mil then can get premier liao? Yes, 2 conditions to fulfill - either casa 250K or loan with 1 mil. But need to maintain either one in the account for the status. |
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BenChiew
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Jul 22 2024, 02:12 PM
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QUOTE(lobster08 @ Jul 22 2024, 12:09 PM) Yes, 2 conditions to fulfill - either casa 250K or loan with 1 mil. But need to maintain either one in the account for the status. What happens to the status in coming years when the house loan has been paid down below the RM1 mil? |
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Pac Lease
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Jul 22 2024, 08:49 PM
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QUOTE(BenChiew @ Jul 22 2024, 02:12 PM) What happens to the status in coming years when the house loan has been paid down below the RM1 mil? will still remain the PB status. |
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LostAndFound
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Jul 24 2024, 05:30 PM
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QUOTE(lolful @ Jul 18 2024, 03:49 PM) Just got approved for my loan. HLBB 3.8% 885K 9k MRTT for 15 years Flexi MBB 3.85% 905K 13K MRTT for 20 years Semi-flexi Both need CC application, but MBB give premier banking, is it useful? Any sifus can advise Take 3.8%, don't think too much. The benefit is more than the value of free parking =) |
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Gatsby IT
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Jul 24 2024, 05:37 PM
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Getting Started
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QUOTE(Pac Lease @ Jul 4 2024, 10:17 AM) otherwise you wont apply few bank and compare their loan package. Most of the thread here you will find out client is asking for which bank offer lowest interest rate in the market instead of asking what is the suitable package offer to them. i'm in the Mortgage industry for more than 10 years so I know it. some client even asking got bank offer interest rate lower than 3.8%. Hii, do you know any bank offering rate below 3.8% after nego? So far all banks stuck with max lowest 3.8% |
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ahkit123
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Jul 24 2024, 07:09 PM
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3.8% lowest
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