Dear kusyah

1. If you have 2 mortgage loan and remortgage the 2nd property, you are still entitle for 90% margin of finance.

2. If you have 3 mrtgage loan and remortgage any 1 of the loan, you are only entitle for 70% margin of finance.

Dear,

1. Ccris check is free, given that you print it at BNM, it will cost Rm2-10 if printed through 3rd party. Rm50 charges is a hoax la..
However, I provide free CCRIS and CTOS check for genuine buyer.

2. With your income RM7400, debt car loan and credit card debt outstanding Rm14,000. Your max loan is RM620,000. Max margin of finance 75%.

3. If you are able to clear off your 14k debt credit card outstanding, you stand a chance to finance 90% for your RM830,000 property.

4. Using EPF acc2 as downpayment cash is not an issue. Your priority here is to secure 90% financing.

5. My advise is clear off your credit card debt or joint borrow.

6. My advise will be more quality after I checked your ccris, ctos and income documentation.

Dear Lucifah,

1. To be more exact and accurate with my loan analysis. May I know Rm10-13k did he issued as director fees?

2. Is his company an enteprise, sdn bhd or llc?

2a. How many years has his company established

2b. what's his director shares in the company?

2c. What's his business nature?

2d. Did he pay income tax form B?

2e. Does he issue director fees for himself?

3. To determines his income from his business, I would need to calculate based on hos company bank statement credit balance.
Could you list down his company bank statement monthly credit balance?

Month of
12 :
11 :
10 :
9 :
8 :
7 :


Question seems lengthy, but this will help determined how much income can be derived from his company.

Dear,

1. Your partner is your spouse?

2. FD joint name, hence Rm42k for your part. Make sure it has more than 1 month mature period left.

3. I overstate your car loan installment as bank calculation usually higher.

4. personal loan credit limit around 8k right?

5. With all your given income and debt details is correct. Your max loan eligibility is RM600,000 for HLB and the rest do look at yellow highlight at right bottom section for each bank.

6. Your income is high due to bonus contribution. Rm400k property shouldn't be a problem

7. 100% loan is possible but chances not high, due to the fact, DSR almost 60%, however this really based on your profile, company type, your profession type. Hence, I can;t promsie you but I can try with 100% loan.

8. 90% Margin of finance is high. However, I don't want to promsie you yet, as I need to look at your ccris, ctos and income documentation before giving you my assurance.

9. If you need help, don't hesitate to ask, I don't bite.



This post has been edited by Madgeniusfigo: Jan 12 2016, 11:38 AM

Dear,

1. Your partner is your spouse?

2. FD joint name, hence Rm42k for your part. Make sure it has more than 1 month mature period left.

3. I overstate your car loan installment as bank calculation usually higher.

4. personal loan credit limit around 8k right?

5. With all your given income and debt details is correct. Your max loan eligibility is RM600,000 for HLB and the rest do look at yellow highlight at right bottom section for each bank.

6. Your income is high due to bonus contribution. Rm400k property shouldn't be a problem

7. 100% loan is possible but chances not high, due to the fact, DSR almost 60%, however this really based on your profile, company type, your profession type. Hence, I can;t promsie you but I can try with 100% loan.

8. 90% Margin of finance is high. However, I don't want to promsie you yet, as I need to look at your ccris, ctos and income documentation before giving you my assurance.

9. If you need help, don't hesitate to ask, I don't bite.

Dear,

1. Due to it's 3rd property refinance, it will be come 3rd mortgage loan, hence it will only be eligible for 70% margin of finance.

2. Possible way 1. refinance 2 of the current mortgage loan, you will be eligible for 90%

3. Possible way 2, settle either 1 of the mortgage loan

4. Possible way 3, 3rd party financing, SPA A+B name, borrower B name. Hence debt and income will based on B. Find a family member B who has mortgage loan less than 2 mortgage loan.

Dear,

My bad, my sentence structure is crappy that cause confusion! haha

when you have existing 2 housing loan A and B, and you opt to refinance cash out either loan A or B. You will still be eligible for 90% margin of finance.

Dear,

1. Bonus 4 months, is this contractual bonus or performance bonus?
If Performance Bonus, can give me 2 years 2015 and 2014 income

2. PTPTN loan, if your wife didn't owe ptptn more than 36months, it won't show in the CCRIS and added as debt.

3. Without the details from point 1 and 2, I have tabulated your loan analysis, your max loan eligible (without bonus included) is RM637,000 from HLB, and other max loan eligibility from other banks do look at bottom right section yellow highlight.

4. 90% margin of finance shouldn't be a problem, given that your CCRIS and CTOS have no issues. I need to look at it including your income documents before I can assure you of any promises.

Dear,

1. If you opt for zero entry cost, HSBC, the rate will be 4.6-4.7%

2. If you opt for other banks rate, it will be 4.4-4.45% rate. However, other banks would allow you to finance your legal fees, valuation into the loan amount too. You can finance max 5% of your loan amount ( 5% x Rm400k loan =RM20K). You can finance total 20k of your legal fees + valuation into your loan amount.

Dear Lucifah,

1. If derived income from your friends company banks statement, his income is around RM8K/ month.

2.More than 10 years of business establishment, it shouldn't be a problem. Good foundation

3. Paid tax, very good.

4. With Rm8k income and only with credit card. His max loan eligiblity is RM800K. Safest is RM800K, banks credit scoring for enterprise is usually lower.

No problem, hope it helps

Dear,

1. Yes, 3rd housing loan will definitely be 70%

2. IHC, yes it is still around, but less bank allow IHC financing. Moreover, IHC financing, banks required all the directors to be as the borrower and SPA.

3. IHC suitable for commercial purchase, if residential purchase only entitle for 60% of margin finance. Hence, doesn't worth it.

4. You still have option, to use family members name with 90% quota left.

Dear,

Certain banks allows you to finance Legal fees into the loan amount, some 2% some 5%. Lets say

Property Rm500k, 90% =Rm450k

Borrow Rm450,000 loan from bank.

Legal fees charges from lawyer Rm20k

X bank allows 5% legal fees financing.

RM450,000 X 5%= Rm22,500

Hence you can Finance Rm20,000 into the loan amount, Total loan amount = RM450,000 + RM 20,000 = RM460,000

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2. Bank will disburse to the lawyer after first disbursement.

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3. Same lawyer can handle both loan and SPA or different.
Bank will only finance the Legal fees for the loan part only, SPA legal fees haev to bear by own.

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4. Before allowing you to finance the legal fees, Bank will need quote from lawyer side, so that the amount is tally and not simply made up to get max loan disbursement.

If there's outstanding amount after deducting legal fees, lawyer will give you the option whether to use the outstanding cash to settle the SPA loan charges or disburse the cash back to you. Definitely we will use it to settle the SPA charges.

Dear,

Usually company bank statement ending of every month will have ledger of

Credit balance
Debit balance
Closing balance


Bank usually will calculate income from credit balance ending of every month, for 6 months average up and times income factor from different business nature.

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Bank will also look at debit balance side for credit scoring purposes and also every transaction if there's amount >50k credited.

Dear,

Hope it helps, right now all I can provide you is general solutions.

Dear,

1. If it is performance bonus, will need 2 years of bonus credited to you only Bonus will be derived as income. Hence, the table I tabulated holds.

2. Best is RM630,000 max loan value

3. Be careful of overestimated loan eligibility, things aren't as merry as it seems. Just becareful

Dear,

1. If you follow tiers calculation for profession fees, definitely it will be less. But lawyer charges includes whole other variable disbursement charges, that's why the calculation



Only provides you with the minimum costs.

It is best to ask lawyer for quotation, different lawyer provides different fees charges.

2. I am just giving you the ceiling of the price for RM560K property, master title, freehold. It will be around Rm20-25k

Dear Lucifah,

1. From experience through looking at all the cases have done, Scoring on company bank statement, will depends on the amount of transaction volume, closing balance each month. Closing balance negative for consecutive 6 months will affect the scoring abit. Most important is the business nature.

Overall, scoring calculation is vague, even credit controller department team have no idea how the calculation works, they just key in. Bank has its own way of keeping is in the blind, so that we can't game their system.

But based on experience, some times, there's few things we can tweak to increase to credit approval chances.

Dear jeff,

1. Yes, 90% is possible.

a. 1 housing loan, refinance 90%

b. 2 housing loan, refinance 90%

c. 3rd housing loan, refinance 70%

Dear,

No sweat, hope it helps.

When there comes a day you need loan services, I can attend to you any point of the time