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Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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Pac Lease
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 Sep 22 2024, 10:41 AM
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QUOTE(rocketm @ Sep 21 2024, 03:18 PM) Hi guys, I have 4 credit cards, planning to cut 1 cc once I got the reward credited to my cc account. So, I have 3 cc (active) and 1 (will not using it starting from next month). All cc are pay in full before the statement due date. My questions are: 1. Will bank reject my home loan application if they see I have 4 cc in my ccris record? 2. I have a balance transfer (BT) plan and a EzCash. I noticed only the balance transfer has a record in my ccris. May I know does BT and EzCash are included as my commitment section be in the DSR calculation? If yes, the commitment is taking the monthly amount or the total unpaid balance divide by my monthly net salary? 3. How long does a cancel cc will disappear in my ccris? Thank you. it will base on total outstanding amount show in your CCRIS record x 5% as your monthly commitment. for example, CC outstanding balance 10k, calculation of commitment will be 500. |
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contestchris
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Sep 22 2024, 06:30 PM
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QUOTE(rocketm @ Sep 21 2024, 03:18 PM) Hi guys, I have 4 credit cards, planning to cut 1 cc once I got the reward credited to my cc account. So, I have 3 cc (active) and 1 (will not using it starting from next month). All cc are pay in full before the statement due date. My questions are: 1. Will bank reject my home loan application if they see I have 4 cc in my ccris record? 2. I have a balance transfer (BT) plan and a EzCash. I noticed only the balance transfer has a record in my ccris. May I know does BT and EzCash are included as my commitment section be in the DSR calculation? If yes, the commitment is taking the monthly amount or the total unpaid balance divide by my monthly net salary? 3. How long does a cancel cc will disappear in my ccris? Thank you. BT is taken into account by some not all banks. CB HLB BT was penalised by HLB only, no other banks had an issue. HLB says I need to.clear my BT with them if I want the best rate at 90% financing. |
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rocketm
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Sep 22 2024, 07:21 PM
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QUOTE(contestchris @ Sep 22 2024, 07:30 PM) BT is taken into account by some not all banks. CB HLB BT was penalised by HLB only, no other banks had an issue. HLB says I need to.clear my BT with them if I want the best rate at 90% financing. early settlement of BT will have penalty. Why not consider other bank offer in this case? |
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vinceleo
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Sep 23 2024, 12:06 AM
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Best to maintain cc utilization below 50% if not 30% otherwise bank will under impression u fallback to cc for survival, outstanding as of last day will be capture and reflect in following month-whatever outstanding sum capture bank will based on 5% as commitment sum. Cancellation of cc will reflect the following month otherwise pls push the bank to submit asap or show the cc cancellation letter as proof in lieu QUOTE(rocketm @ Sep 21 2024, 03:18 PM) Hi guys, I have 4 credit cards, planning to cut 1 cc once I got the reward credited to my cc account. So, I have 3 cc (active) and 1 (will not using it starting from next month). All cc are pay in full before the statement due date. My questions are: 1. Will bank reject my home loan application if they see I have 4 cc in my ccris record? 2. I have a balance transfer (BT) plan and a EzCash. I noticed only the balance transfer has a record in my ccris. May I know does BT and EzCash are included as my commitment section be in the DSR calculation? If yes, the commitment is taking the monthly amount or the total unpaid balance divide by my monthly net salary? 3. How long does a cancel cc will disappear in my ccris? Thank you. |
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LostAndFound
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Sep 23 2024, 10:01 AM
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QUOTE(rocketm @ Sep 21 2024, 03:18 PM) Hi guys, I have 4 credit cards, planning to cut 1 cc once I got the reward credited to my cc account. So, I have 3 cc (active) and 1 (will not using it starting from next month). All cc are pay in full before the statement due date. My questions are: 1. Will bank reject my home loan application if they see I have 4 cc in my ccris record? 2. I have a balance transfer (BT) plan and a EzCash. I noticed only the balance transfer has a record in my ccris. May I know does BT and EzCash are included as my commitment section be in the DSR calculation? If yes, the commitment is taking the monthly amount or the total unpaid balance divide by my monthly net salary? 3. How long does a cancel cc will disappear in my ccris? Thank you. I had 12 credit cards from 6 banks when I applied, no issue at all. My credit limit across the cards was multiple times my income, so utilisation obviously quite low. I had a bit of concern over the utilisation because I do play 0% balance transfer and at that point in time had roughly 30-40k in 'debt' for balance transfer, but doesn't seem to have had any real negative impact. More important (I think) is that I had (have) significant cash liquid in savings. Also that my industry is reputed as super duper stable. |
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ky118
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Sep 24 2024, 04:26 PM
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Getting Started
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For housing loan which is better - Islamic or Conventional loan?
Banks are using SBR to calculate the interest rate. Is SBR better than the previous BLR rate?
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Pac Lease
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Sep 27 2024, 03:43 PM
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QUOTE(ky118 @ Sep 24 2024, 04:26 PM) For housing loan which is better - Islamic or Conventional loan? Banks are using SBR to calculate the interest rate. Is SBR better than the previous BLR rate? personally i will prefer conventional loan instead of islamic loan. all consumer home loan will use SBR rate but SME loan will use BLR rate. |
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taitianhin
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Sep 27 2024, 03:48 PM
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QUOTE(ky118 @ Sep 24 2024, 04:26 PM) For housing loan which is better - Islamic or Conventional loan? Banks are using SBR to calculate the interest rate. Is SBR better than the previous BLR rate? Just compare both rate. Usually end up with the same rate I had islamic loan b4, reason? They dont have real lock-in period Not sure about others... |
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manixramz
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Sep 29 2024, 07:23 PM
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New Member
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Any bank agent can pm me. Need advice for new house loan
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iamloco
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Oct 1 2024, 07:37 PM
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Anyone taking loan with maybank? Did they revise their base rate recently?
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neato4u
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 Oct 1 2024, 08:12 PM
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deleted
This post has been edited by neato4u: Oct 15 2024, 08:17 PM
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studentsurvey
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Oct 2 2024, 09:30 AM
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Getting Started
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N/A
This post has been edited by studentsurvey: Oct 7 2024, 05:17 PM
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Rinth
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Oct 2 2024, 10:55 AM
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QUOTE(studentsurvey @ Oct 2 2024, 09:30 AM) Hey All, Will be taking this mortgage from UOB as they were the only one able to finance condo that is more than 10years and don’t have any individual strata title yet. Purchase price : RM840,000 Loan amount : RM756,000 Margin : 90% Interest rate : 3.85% Tenure : 33 yrs MRTT sum assured : 400,000 Tenure : 20 yrs Premium : RM29,750 Total loan amount : RM785,750 Installment : RM 3,508 -> MRTA covers Death / Total Permanent Disability / Terminal Illness. ->MRTA full refund RM29,750 at the end of the 20 yr provided no claims have been made Bonding period : 3 years from first disbursement date Conventional Semi Flexi loan,no interest capping. No maintenance fee No processing fee Redrawal fee RM50 As I dont have any other options, just wanted to know if there are any hidden cost/ red flags/ or just "bear in mind" items for UOB loan. Thanks all! MRTA Full refund? Full refund of RM 29,750? MRTA cash value normally 0 upon maturity....you may want to double check on it. Other should be no problem |
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Icehart
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Oct 2 2024, 02:24 PM
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Just got this offer. What you guys think?
Full Flexi Home Loan
RM 860,000
Insurance - RM 70,000
Total Loan Amount RM 930,000
Tenure 35 years
Interest rate 3.85%
Monthly installment RM4k+
Any idea how much MLTA will cost for 860k loan?
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ahkit123
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Oct 2 2024, 02:25 PM
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QUOTE(studentsurvey @ Oct 2 2024, 10:30 AM) Hey All, Will be taking this mortgage from UOB as they were the only one able to finance condo that is more than 10years and don’t have any individual strata title yet. Purchase price : RM840,000 Loan amount : RM756,000 Margin : 90% Interest rate : 3.85% Tenure : 33 yrs MRTT sum assured : 400,000 Tenure : 20 yrs Premium : RM29,750 Total loan amount : RM785,750 Installment : RM 3,508 -> MRTA covers Death / Total Permanent Disability / Terminal Illness. ->MRTA full refund RM29,750 at the end of the 20 yr provided no claims have been made Bonding period : 3 years from first disbursement date Conventional Semi Flexi loan,no interest capping. No maintenance fee No processing fee Redrawal fee RM50 As I dont have any other options, just wanted to know if there are any hidden cost/ red flags/ or just "bear in mind" items for UOB loan. Thanks all! Look good. Mrta usually burn over time, no refund. All the best |
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studentsurvey
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Oct 2 2024, 04:19 PM
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Getting Started
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QUOTE(ahkit123 @ Oct 2 2024, 02:25 PM) Look good. Mrta usually burn over time, no refund. All the best Thank you both for the feedback! Will ask the banker! |
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dixonjasa
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Oct 3 2024, 10:06 AM
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Getting Started
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QUOTE(studentsurvey @ Oct 2 2024, 04:19 PM) Thank you both for the feedback! Will ask the banker! Can consider MLTA too. For example 400k covered for 10 years which should be much cheaper. Depending if fits you and your bank is ok with it |
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bryan_x00
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Oct 3 2024, 01:12 PM
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Hi Hong Leong islamic bank still got offer free stamp duty?
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toshio14
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Oct 4 2024, 07:00 PM
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HSBC offers 0 moving cost now, but rate a bit higher, 4.2%.
Standard Chartered and CIMB offer the same as well but both not yet confirm back to me on the details.
Anyone knows other current offer for mortgage loan?
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dixonjasa
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Oct 5 2024, 12:28 PM
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Getting Started
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QUOTE(toshio14 @ Oct 4 2024, 07:00 PM) HSBC offers 0 moving cost now, but rate a bit higher, 4.2%. Standard Chartered and CIMB offer the same as well but both not yet confirm back to me on the details. Anyone knows other current offer for mortgage loan? PBB offers 3.80% for housing loan. Not sure if the same rate applies for moving loan |
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