a) RM2176 per month base on 35 years

b) about 5k - 7k without much commitment

c) about 6k + 1k valuation

Dear setia82,

1. Give you 2 rate scenario

a)
-35 years loan tenure
-4.5% rate
-460k loan

Monthly installment would be RM2176.98

b)
-35 years loan tenure
-4.5% rate
-460k loan

Monthly installment would be RM2162.76


2.

Gross income at least RM4000, without commitment and debt.


3.
Loan agreement total cost could be RM9000-RM12,000

Dear, sorry for the late reply.


1. You sure it is zero moving cost?

Your banker mislead you, this isn't zero moving cost. This means lock in period 3 years, if refinance within 3years will pay penalty of 2%.

IF refinance after 3 years, no penalty charges.


*Note* Ambank doesn't have zero moving cost.
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1. It is a good offer.

2. The best would be 4.35%, however, 4.38% consider good.

3. If you are employee, semi flexi would suit you. However, if you constantly have huge cash flow in and out, full flexi would be good.

4. MRTA will never be the best protection option, however, since you have already included it, just take it.

Some of the rates shown not updated timely.

Hi guys, looking to get a home loan...any mortgage officers from rhb and mbb? please pm me. thanks

This post has been edited by philyong: Jan 27 2016, 10:25 AM

Dear Philyong,

Morning.

I could help you with the home loan process, submission, analysis and so on. However, you have the right to chose, should you take my service. I will briefly explain how my service works.

1. My company is the panel for Ambanks, HLBB, RHB, MBB, HSBC, AFFIN, OCBC, PBB, CIMB and UOB. I don't charge you for residential loan as we get the commission from the bank. However, I will assist you from zero to one. I will analyze your profile, help you do some adjustment on it and select the right banks that suits your objectives and criteria.

Moreover, I won't force you to take any products and rest assure, no surprises from my side. I will make sure I explained comprehensively on the products you chosen and make sure you have every idea in what you are doing.

I will analyze your profile, meet you up and explain everything aka educating then I will help you submit while monitor throughout the process. I have a league of team (Lawyer, valuer, admin) that will support your loan success.

2. If you are looking for low rates, I will recommend you to take ambank, rhb and uob. Other banks do provide low rate but are very subjective depending on your profile, too many surprises. IMHO, the tide has turn,MBB will be the one that are very subjective in giving you the rate, MBB approval is hard and the rates given is terrible. Reason is their mortgage portfolio has reach the ceiling and they are reducing investment in mortgage loan.

3. If you still have any inquiries, feel free to ask

Hi Phil,

I have RHB and MBB for loan application, in fact if you read my signature I have up to 10 banks.

If you need help with your loan application feel free to PM me anytime. Hope to help you as soonest

Wanna ask if someone know
My wife asking at rhb bank for 6 month bank statement
So the staff say that in 10 days they will call if statement ready.
So im a bit confusing because as i know, get statement should be on da spot, why need 10days?

Then today after more than 10 days, she go again
And now the staff say still not getting 'disk' for the statement
And bank only receive disk every 6 month
What the heck man, i need submit my loan next week

So can someone clarify to me, need to long to process bank statement before i tepuk meja tomorrow

Dear,

Usually, some bank need some process to retrieve your bank statement.
I leave this detail to RHB banker to explain to you.

However, If you wanted to apply for housing loan, bank statement is one of the many document for you to tally your pay slips income.

1. You can just alt + Print from your online bank statement to get a good picture of your bank statement transaction history.

2. Or you can just tally your payslips income with your EPF.

Your banker should know tricks to hasten your document procurement for him/her to submit loan.

When problems occur, we can opt to swim alternative route across it.

I dont know about rhb, but maybank only show 3 month transaction only via m2u. As u know, bank need 6month statement to apply home loan.
What alternative route u mention?
I need submit my loan next week, really frustrating

Dear

If you are using Maybank2u, the trick is simple.

1. View your transaction history, Click CTRL+P, change it save as PDF. walaa, you have a beautiful PDF bank statement.

2. If your salary is non fixed, need 3 months, if it is variable, differ by months, 6 months is needed.

Loan using my wife and her company use rhb

Are you salaried ? If yes is it commission based or not

Normally 3 months will be sufficient for bank statement
6 months for non consistent income like sales

Do let me know how I can help you in your loan application as I am mortgage planner

hi all,
Anyone can share, what is different between conventional and Islamic financing?

Thank you

Dear

To be succinct,

Conventional loan

1. have lock in period 3 years

2. optional semi or full flexi package


Islamic loan

1.
-For islamic loan there's 2 package for it, that is Bai Bithaman Ajil (BBA) and Musyarakah mustanaqisah(MM).


For BBA there's a max cap amount that you pay.
example
RM200K LOAN/ 5.5%/ 30YEARS =Installment RM1135.58

Total price to be paid is = RM1135.58 X 30 =RM408,808

-This price stated in the contract will be the absolute price, the fixed profit has added into the total payable amount. For loan settlement, for usual loan, you will just need to pay off the outstanding balance stated in the bank, but for BBA product, the total final price has been stated in the contract, hence when fully settle, BBA will gives away rebate on the selling price which is equivalent to profit not realized. There isn't any clear formula for the rebate though...

Musyarakah mustanaqisah
-tries to be the complete and newer version of islamic loan
- it is similar to conventional loan in terms of interest calculation, interest rate, early repayment and capital repayment. The difference is this loan is a Profit loss joint venture for you and the bank. Starting 10% (DP) will own by you and 90%(bank purchase) own by the bank. Throughout the loan tenure of paying installment, bank will act as leasing you the property, you will slowly pay the installment(rent) to the bank and slowly owning more %shares of the property.

2. Islamic loan has the benefits of no lock in period, but the documentation for islamaic will have extra 3-4 more. Hence the legal loan fees hike 20% more, around RM600-RM1200 (However some bank will impose lock in period on your islamic loan)

3. Not many bank offer Musyarakah mustanaqisah, most of the bank offering BBA nowadays

4. Most of the banks islamic loan package is semi flexi, full flexi package offered last I did is with ALLIANCE bank.

Hi guys,

I would like to know whether it's possible to get a 90% loan for my 2nd property based on my income

Gross Salary RM 6500
2015 bonus about 1.5 month

1st house loan RM700k (under joint name) will be paying RM4k (together) per month

Property price : RM440k

Thanks in advance!

Hi

Based on my analysis, your loan is able to pass. if you need help I can assist with your application, no charges involved.

Hey Sifus, Si-Jies,

I have an issue with Ambank Islamic term home loan.
I am buying a house, and i opted for islamic flexi loan.
However Ambank told me they no longer have a flexi loan, but their term loan is Semi-flexi.
Over the phone, the bank office has told me that if i make additional payments into the account, the interest will be reduced (calculated daily).

However all this is just verbal promise. All my reading and research online says that Term loan does not reduce interest if additional payments are made.

The officer said that if i wish to reduce the principal, i will need to write a letter, and deposit rm5000 at a time. This money cannot be withdraw. And it will be shown as reduction in principal on the statement.

However he also said that if i just bank in additional money every month, maybe few hundred each month, he says it will reduce the interest, the same as if i deposit a large amount. But will not show on the statement.

So when i asked him what is the difference he says "some people like to see the principal amount reduced in their statement."

I have signed a loan offer, but waiting on loan agreement documents.

Is it true that nowadays "term loan" from ambank is so called semi-flexi? Or are these guys just telling me what i want to hear.

Sees what what you've signed up is a Semi-flexi, so whatever extra money you put in will just reduce the principal and you cannot make any withdrawal.

It's different with full flexi loan where you can dump in the money for the extra to cut off the interest while you can choose to withdraw anytime.

If you need a flexi loan I can help you to apply for it.

Dear ~berry~

1. Your 1st mortgage will be 90% MOF, 2nd mortgage will be 90% MOF, 3rd mortgage on wards will get 70% max MOF only.

Hence, 90% margin of finance are allowed for your 2nd property mortgage loan

2. May I know your bonus is whether performance or contractual?
If it is performance bonus, do provide 2014 bonus income figure.

3. Based on your income and debt which only have mortgage loan commitment, Your max loan allowability is RM488,000 (without adding bonus income), hence purchase RM440,000 PROPERTY wouldn't be a problem. DSR is within