I read in the budget info from lhdn website that refinancing will be excluded from stamp duty for this year and next year. But i asked lawyer and he said still applicable. Anyone knows what wrong here?

Dear all, would like to seek your advice on below matter:
My parents are looking to acquire a new launch project schedule to complete by 2026.
Currently my parents would like to pay the progressive stages using cash, and may take up a loan halfway through the progressive stages.
I have checked with my banker from other project and he advisde agaist this, he advised us to take up loan now and make early payment when have extra cash for better cash flow.
The banker also suggested that once the end financing has been utilized fully for a project then we can not go for a loan by then.
However, I have checked with the new launch project SA and he mentions that for bigger developer it wont be the case as they have more panel banks and will not be utilized fully.

So my questions are:
1) Should we go ahead with cash progressive payment and only decide to secure a loan halway through the stages(eg 50%)?
2) Will there be any diffculties or caveats to securing a loan when we have made a total progressive payment of say 50% at 1.5  or 2 years later depending on the progress.

Thank you.

Hi. I wanna ask, let say I bought my first house in 2017 with bank A, then in 2019 my parent gave (not sale) me their fully paid house, which i subsequently refinanced with bank B under my name.
Now if I want to buy another house (technically my 2nd house purchase), can I still get 90% margin of finance from banks or I can only get 70%?
Do they count my refinance as property purchase?

Thinking of refinance the current mortgage, if there is any better rate out there. any mortgage agent can advise?

[attachmentid=11467109]

yes normal caz they wanna see how much savings/ investments u have at other sources

maybe for 1st time home buyer n reallly young buyers

to see u got how much total nett cash
I got a bodo mortgage advisor applied 1 bank only

really eat shit 1

maybe that bank offer higher commision or still got quota to achieve for that bank

brain dead 1

why i need advisor who do this shit

nope caz previous agent submit to 3 and gotten 2 offers

this 1 only submit to 1 bank and its not from that 2 banks that offered

so confirm brain dead want the easy route n best commision or kpi

Hi Sifus,
I am buying a property and putting me and my GF name on SPA, but only me apply the loan

Bank request my GF also sign at the guarantor section, is this expected ya?
Will this impact her margin later?

Hi sifus... My home loan taken 10yrs back shows 4.25% interest rate now. Balance around 200k as I pay extra monthly. Is there any way to reduce the % and is it worth it? Thanks

Hmm, the housing loan account hasn't appear at PBe. The bank has been slacking.

hey guys,

Got an offer from bank for 90% facility with 3.95% rate for 33 years.
At the same time offered MRTA for 25 years.

I don't have the budget to go for full MRTA tenure. So, I'm considering taking life insurance at 300-400k to balance the future risk or backup after 26th year.

Is this good approach?

hi, I have a cimb homeflexi smart loan principal of 190k for 35 years that I have been paying on schedule since 2016. my current interest rate is 5.25% (BR is 4% and additional 1.25% for spread). I just found out from my peer that my interest rate is considerably high. I believe this is due to me being a high risk lender as i was not making a lot from my previous job. I changed job 4 years ago which earn significantly higher and stable income. I was told that I can start looking for other banks to find a better rate to transfer my loan to a new bank. is that a wise way to do it?

How early can we make advance lumpsum payment to the mortage account? My first installment payment is coming.

Accroding to loan agent, full settlement within 3 years will have 2% penalty. This one lumpsum is just partial, thus no penalty right? It is a flexi account.

previously I purchased MRTT for my property loan

today I received a maybank letter stating they will auto debit a sum from my account as sumbangan takaful, which I think its house insurance? is this compulsory like MRTT?

housing insurance can be claim as expenses if the property is for investment/ rental . not for own stay.

For government servant, which one is better loan package for buying house?
Loan from gov or loan from bank?

guys this what bank offer me so need some advice

RHB
-3.9 %
-MLTT for 30 years (insured 760k)
-RM10/month mainteneance fee

CIMB
-4.1 (but maybe can get 4.0 he say after talk with manager)
-MRTT for  30 years (insured 500k+500k me n wife name)

both is full flexi with no capping
this is for own stay
which one is the best choice my concern is between MRTT and MLTT?

Hi, all. Does home loan always take 3 months for disbursement and you can only get your keys to do renovation after that? Is it true you have to pay a fee for loan disbursement?

if already have 2 home loan, 3rd loan for shop office can get how many %?

For those having loan with PBB, do you need to do standing instruction for the monthly payment or it is auto-debit from your savings account? TQ

Any difference between SI and auto debit? Is it mandatory to take these?