Madgeniusfigo

currently i have 3 property under my own name, all 90% loan.
the DSR is roughly about 70%.
Is it possible if I refinance one of the property and will i get 90% loan?

When I signed my load it was BR 3.8 + 0.6 = 4.4 %

And then Ambank increased their BR to 4% so now its 4 + 0.6 = 4.6%

which I feel is unfair considering their offering new loans as BR 4.0 + 0.4 = 4.4%??!!

Is this how one gets conned these days? Can someone advise? Thanks...

Hi Sifus,

For a 900k property, how much would the bank loan lawyer fee roughly cost?

TIA

Madgeniusfigo

currently i have 3 property under my own name, all 90% loan.
the DSR is roughly about 70%.
Is it possible if I refinance one of the property and will i get 90% loan?

When I signed my load it was BR 3.8 + 0.6 = 4.4 %

And then Ambank increased their BR to 4% so now its 4 + 0.6 = 4.6%

which I feel is unfair considering their offering new loans as BR 4.0 + 0.4 = 4.4%??!!

Is this how one gets conned these days? Can someone advise? Thanks...

Hi Sifus,

For a 900k property, how much would the bank loan lawyer fee roughly cost?

TIA

Not necessary, just that BR rates are more transparent in terms of the bank's margin.

Dear koinibler,

1. People would prefer BLR for its non over fluctuating swing in changes of the rate. BLR tends to alter whenever BNM alter the OPR. Bank couldn't alter the BLR themselves at will, but they can adjust the effective lending rate. For the past few years BLR has been quite stable and the effective lending rate has been very low, hence people would prefer BLR more as the norm of low rate for past few years associate with BLR.

2. BR in general is more transparent, however, the rate could be altered by the bank quaterly but not compulsory.

3. In succinct, BR are more preferable over BLR as it is more transparent. There's no which is better, just which is more comfortable and preferable in the eyes of the consumer.

Thanks for the response.
It seem clear to me

I'm planning to construct a house on my own land. Do you know which which bank provide financing for such arrangement and what is the documentations required? So far I've heard that UOB, OCBC & Public Bank provide such "Construction Loan". Hope you guys can help.

I'm planning to construct a house on my own land. Do you know which which bank provide financing for such arrangement and what is the documentations required? So far I've heard that UOB, OCBC & Public Bank provide such "Construction Loan". Hope you guys can help.

Dear cooldownguy86,

1. Banks that can provide such financing there's ambank, Rhb, Cimb, maybank, Ocbc, pbb, uob, etc.

2.
a. First you need to get construction cost all quoted by developer.

b. Get consent from mpkj,mp etc etc

c. Blue print of the construction

d. Others are your basic income documents and land title.

3. If you need any assistance in applying this loan, you can contact me anytime. I have all the relevant banks suitable for this to go through

Hi there,

Firstly, is your land title stated it's for residential ?

Second, where is the location of the land ?

You will need to get the construction permission from the local authority and the blueprint for costing.

Once you have all these info, I can proceed to advise you accordingly, you may PM me anytime .

Hi,

Some questions:
1. Can confirm if need majlis endorsement for loan application?  I read that some banks don't need local authority endorsement, just a building quotation from contractor will do.
2. Can I still change the contractor / house design after loan approval?
Hi,

1. Residential land in ampang, under MPAJ.

Some questions:
1. Can confirm if need majlis endorsement for loan application?  I read that some banks don't need local authority endorsement, just a building  quotation from contractor will do.
2. Can I still change the contractor / house design after loan approval?

hi all

say if the house loan left 100k, then i pay 80k straight, left 20k, i will greatly reduce interest on that balance right?

Hi,

Some questions:
1. Can confirm if need majlis endorsement for loan application?  I read that some banks don't need local authority endorsement, just a building quotation from contractor will do.
2. Can I still change the contractor / house design after loan approval?
Hi,

1. Residential land in ampang, under MPAJ.

Some questions:
1. Can confirm if need majlis endorsement for loan application?  I read that some banks don't need local authority endorsement, just a building  quotation from contractor will do.
2. Can I still change the contractor / house design after loan approval?

hi all

say if the house loan left 100k, then i pay 80k straight, left 20k, i will greatly reduce interest on that balance right?

Dear,

1. BNM will receive the letter, howeverthey would only update on the 10th for the ccris. lets say you settled the debt on january, feb 10th your ccris will be renewed and updated. If you settled on february, march 10th would only be renewed.

2. If you need any assistance in applying for loan, don't mind seeking for my service, I don't charge for residential loan. 

so, if I go to BNM tomorrow (11-feb) to print out the CCRIS, CCRIS will show the latest record ending 31-Jan-2016?

Ccris updates on the 15th of the month

so, if I go to BNM tomorrow (11-feb) to print out the CCRIS, CCRIS will show the latest record ending 31-Jan-2016?