KWSP not yet enough to pay for 10%. so sad.
the problem is 10% personal loan applying, then housing loan will be fail.

KWSP able to pay partially? and no saving at all? besides need to concern about the 10% you need to budget for Sales and Purchase agreement, some bank loan agreement and valuation can be added in the loan but some doesn't, so besides the 10% you need to budget extra as well

KWSP of cz got partially, but still lack of..
let say my hse is 400k, still lack some before reach 40k (10% deposit).
no other way to loan 100%?
i saw website got some info about skim rumah pertama.
not sure is applicable or not, anybody applying before?

your first house? for more information

http://www.srp.com.my/

yeah, this is what i mean.
just not sure still applicable or not.

Yes read the term and condition see you able meet their criteria or not.

Hi All,

Seeking some expert advice here as I got offered from few banks so far:-

Bank A: 3.65 + 0.90 = 4.45 (MOF: 90%, Tenure: 35 Years) + Sum $ MRTA
Bank B: 3.99 + 0.41 = 4.40 (MOF: 90%, Tenure: 35 Years) *No MRTA included
Bank C: 4.02 + 0.43 = 4.45 (MOF: 90%+5%, Tenure: 35 Years) + Sum $ MRTA

I am still waiting for another two banks but it seems that they may take quite long time to get back to me. Thanks.

Edit: Thanks Jasoncat on your earlier advise.

This post has been edited by WallChecker: Feb 25 2015, 11:03 PM

No prob bro.
Based on the available info, I may choose Bank B - for obvious reason, i.e. slightly better rate and no MRTA requirement. If you think an insurance protection is necessary, you may negotiate further with Bank B for a better pricing by taking its MRTA. Of course when talk about insurance there are options other than MRTA...

actually you can consider MLTA if you choose Bank B, MLTA can help you on early statement and transferable

I see.. At the moment I am attracted with the lower interest as well. As this is my first home, I am really trying to consider whichever factors that affecting present and future. Thanks, Jasoncat.

I google-d on MLTA vs. MRTA, and MLTA sounds good. But I have to let go considering my current financials post to my loan installment started. Thanks, ims2628.

This post has been edited by WallChecker: Feb 26 2015, 01:17 AM

Hi everyone,

I need some advice about buying the third property for investment. Is there any housing loan restrictions that I should aware about other than "must-pay 30% downpayment"?

What heard that banks will not entertain if I want to make loan less than RM100k to buy the third property. Is that true?

Thanks.

This post has been edited by Tom Cruise: Feb 26 2015, 08:59 AM

Yes third house on loan confirm will slash the loan amount to max 70% means you gonna prepare the balance, but only third house on loan, if you're having two house but one house no longer on mortgage loan you still able get max 90% loan. Some bank will not really entertain yes, but mostly they do but interest won't be attractive.

Thanks for the clarification

It is assume you buy subsales as from developer, they normally give this and that offer so that purchaser only need to pay about 4~8% deposit.
Besides the 10% deposit, for subsales, you also need cash for quite alot of fees and charges, for example stamp duties, lawyer fees, loan processing fee and etc, so the cash you need maybe more than 40k

Hi all,

need some advices at my case...but 1st sorry for my crappy english

so my father have a house that joint name with his another 2 sisters. House loan was finish paid off. Now he suggest me to buy that house and he'll put his share to the house as downpayment or something similiar like that. My question is, what is the procedure i need to go through? and did it means i only need to loan 60-70% of the house price?

Thanks in advance.

This post has been edited by sampvts: Feb 26 2015, 04:48 PM

so sad. no 10% really no need to buy house..

the house current value? your income? maybe you can just loan out the amount that belong to your aunty share, but problem is your aunty don't want to earn from this house? if yes you gonna loan follow market value and pay them partially, it's most likely you're buying a subsales already.

Skim rumah pertama able solve if requirement is met. but gonna budget for sales and purchase agreement fees, for loan legal fees and valuation fees can be solve as some bank allow these to be added in the loan.

hopefully too..
buying house really not simple for 1st time buyer.

Now maybe you have to focus more on your profile your document make sure your dsr is not over for the home loan application.