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Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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LostAndFound
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 Jun 9 2025, 10:59 AM
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QUOTE(Mixo Mania @ Jun 9 2025, 07:56 AM) Hey guys, I'm applying for a home loan and one of the required document is proof of savings. If the loan amount is RM800,000 , what's a comfortable savings amount to show to them to get good rate? My current and last job has been less than 1 year so I'm worried it will weaken my position. So I intend to use my savings and investments to strengthen my case. I got some money stuck in crypto and gold account and my savings in Malaysia Financial institution only around RM60k. I know it's better to show them at least 10% of property value because bank will assume you need pay DP, but in my case the property i'm buying has discount so technically no downpayment. Also can I consider EPF Account 2 as my savings? My opinion - too little savings for the amount requested. Bank will consider you high risk. |
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LostAndFound
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Sep 22 2025, 09:15 AM
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QUOTE(GamaX320 @ Sep 22 2025, 06:25 AM) anyone gt idea why public bank loan the outstanding amount will keep increase? But from history no showing all those transactions. My auto debit at month end 30. But during that month the outstanding keep increase few bucks every week. Isn't this just the interest being charged shown to you 'live'? |
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LostAndFound
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Nov 12 2025, 12:35 PM
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QUOTE(shiangyi @ Nov 12 2025, 11:44 AM) Hi, i am thinking of transferring my property still with loan to my parents at their age of 70. Is it possible for me not to change the loan , or do they need to get some loan but can it be under my name ? Understand that getting a loan at their age might be hard. Thank you. I believe as long as your loan not settle - the property is not yours to transfer. Sale will pay the bank first and then extra will go to you. Financing of the sale via loan is not going to happen at age of 70. You can try to apply joint loan with them. You understand you will be paying a lot in fees for this transfer? Since you mentioned you can possibly get a loan under your name, I don't see any advantage to doing this transfer. Why is it important that the property be under their name? |
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LostAndFound
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Nov 13 2025, 09:43 PM
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QUOTE(shiangyi @ Nov 13 2025, 11:47 AM) Thinking of buying HDB in Singapore, do you have any advise on this? I don't see how this is related to your initial question. Your loan in SG is not connected to your loan in MY (well, except for you being able to afford to service the loans). And again, why does any potential HDB purchase in SG affect you transferring your MY property to your parents? Normally what people will do is transfer to their younger generation, perhaps to avoid potential issues on inheritance or any future taxation law changes. |
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LostAndFound
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Nov 17 2025, 05:13 PM
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QUOTE(Gabriel03 @ Nov 17 2025, 01:19 PM) To be eligible to buy HDB, one of the condition is not own any other property in SG and elsewhere. Ah, that makes sense. Not sure how ownership in MY will be traced in SG but probably they have jalan. QUOTE(shiangyi @ Nov 17 2025, 01:54 PM) If we transfer the ownership, but the loan need to be joint name with parents, it is still eligible? Loan and property ownership not necessarily match. It is possible to take joint loan but not all parties of the loan are on the ownership of property (at least for spouse, I guess parents maybe can too). Better directly check with bank on that. It may not be cost effective though depending on the amount left on the previous loan for the MY property. May be more cost effective to just pay off the loan lump sum. |
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