assume you're below 35 years old, shouldn't be any issue to secure 600k loan.

Yup, below 35

No problem for 600k loan at all. repament is about 2.8k with plenty to spare.

Remember to have atleast some bank facilities like credit card though you work in SG.

Dear sukabasa,

1. With your income and no debt, you definitely can afford a RM780K property. Your max loan eligibility is RM1,000,000. However, without any debt or commitment will reduce your credit scoring badly, as bank couldn't analyse your debt payment patter or they don't understand you at all. Mostly bank would reject applicants with clear CCRIS.

2. Most of the banks would slash margin when it comes to malaysian working at singapore.

3. However, clean ccris with high saving income shown in bank statement or have value assets under you would help improve your credit scoring.

My solution is,

a. stick with OCBC bank, they highly welcome malaysian working at singapore
b. If you have strong income saving in bank, or you have shares, FD, unit trust, do provide me the document, as this will improve your credit scoring aka increase loan approval chances.

I don't promise you with loan approval.

Hi guys,

I just signed the offer letter for my mortgage from Bank X and now I want to cancel the loan. What is the consequences except the early termination fees?

question. is it possible for me to make joint loan with non-family person(e.g : friends)?
which bank allow it?

yes you may, it's considered 3rd party loan.

can you describe a bit what is 3rd party loan?
the second name will still registered on ccris?
insurance is 50/50 like normal joint loan?

3rd party means the person in SNP is not the same as the loan borrower.

insurance can also 50/50 in joint loan.

Second name will register into CCRIS.

a 3rd party loan will be based on trust that neither one of the party should choose to "default" the loan otherwise either 1 of them will be in deep trouble to pay off the installment if they can't afford especially if there is no obligation like a deep relationship (family member) vs (friends).

thanks for the reply.
look the thing is, ive asked several banks like cimb ,maybank, hong leong, and bsn (bsn got zero moving cost)
they only accept immediate family (nucleus family) as joint loaner
that mean no cousin, or uncle, or friends

which bank actually are we talking about here?

Dear,

1. bank had already poured in admin cost, agent commission and etc etc... Hence, by cancelling the deal, after signing letter offer. You will be charge a penalty fees of RM1000-RM5000 (depends on the bank)

2. The penalty cost is stipulated in your Letter offer, read it up.

Dear, to answer this.

1. Yes and NO.

2. Bank rules and regulation says that, only family members only able to become joint borrower. (spouse, parents, siblings, in law). STANDARD ACROSS banks

3. However, non closed family member, Yes it can be done. But it isn't appropriate for me to write it here! haha





3rd party is as above.



Dear, as stated, it can be done but in a non legal way.

I know a few banks that can do it, if you need I can help you apply it

Thank madgeniusfigo.


May I know OCBC offer flexi house loan?

This post has been edited by sukabasa: Jan 19 2016, 08:03 PM

Dear

Yes, Ocbc have flexi loan.

1. Ocbc is the only one with pure 3rd party loan.

2. If you need help just ring my number , I don't charge for residential loan.

Dear all banker,

I am property agent here, I just received booking from my client for a flat unit. Please contact me if you able to get the bank value for this, the property details is:

Address:
D-4-6, Taman Pendamar Indah 2, 42000 Port KLang.

Purchase price: RM72k

650 sqft Basic.

Thanks

PM me ur contact

Is it ok to refinance now? Current loan is -2.2blr, not very happy with any interest rate increase which offset my yearly increment.

Will need to study your loan with you if you want to see if it's worthwhile to refinance, kindly provide me your contact

Can pm? What info u need?