Hi all, I have some questions here to ask:

1. If during the period I  just change job and also that is time to make property booking does it affect the loan evaluation? I'm actually in my current company for 10yrs, but sometimes things just clash in the same time, if I accept the new job offer and during this time doing loan application would this be a major blocker?

2. I'm plan to apply the loan with my sister (joint n
ame) she is actually on her on business and she just done the tax for 1st year, as I understand the loan requirements do need 2yr tax if you are doing own business, and if the loan application need to start in Dec/Jan I don't think my sister able to complete the 2nd yr tax yet, so is this also a "no go"?

Hi Sifus, I am confused about the Semi-Flexi/ Flexi monthly loan repayment, as per some writings/ videos I have came across online, it is as per following:

Assuming the following scenario:
- Loan Amount          : RM 500k
- Interest Rate          : 3%
- Tenure                  : 35 years
- Monthly Instalment : RM 1924 ( Interest RM1250 + Principal RM 674 )

If I put put in additional RM 100k to offset the principal, or just parking it under the full flexi account, the next month installment shall be as follow:

Semi-Flexi Loan
Monthly Installment : Remains at RM 1924 (Interest RM 1000 + Principal RM 924)
Tenure : Reduced

Full Flexi Loan
Monthly Installment : RM 1674 (Interest RM 1000 + Principal RM 674)
Tenure : Remain 35 years

Is my understanding above correct?

does bank considering stocks/shares when calculating loan amount eligibility?

I know FD & ASN (ASM, ASW2020, AS1M, etc) are counted.....how about stocks in KLSE or Singapore or USA share markets. If a person have a few hundred thousand (RM) worth of shares in those stock market, would that help ?

Thanks for replying, a bit confuse here:

I elaborate further below, which criteria to be considered as HNW?

(1) - own a few properties (fully paid or still in loan).
    - have cash & investments > 1 mil.

or

(2) own a few properties (fully paid or still in loan) + cash + investments, total all sum up to >1 mil.
criteria (1), you need to have "cash & investments" more than 1 mil, which is harder to acheive.

criteria (2), easy to achieve, buy a few properties total worth >1mil (although still in loan), little cash/investments on hand.
I think should be criteria (1) ?

hi, is it normally at end of the year bank loan quota almost full (or already achieve target quota) so they are more reluctant to approve loan?

Is it wise to wait till January to apply loan ?

sorry, what is "BAU" ?

Hello, I'm curious, is 'contractual bonus' taking into consideration for higher loan amount and if yes, how do I need to proof to the bank when doing loan application?

Now interest so low.
Should borrow 90,% or 70,% if got the ability to pay 30,,%?

Hi All,

I'm planning to made a full settlement on  my maybank flexi housing loan, the loan has over the lock-in period. Can someone advise what is the procedure?

Thanks

planning to try my luck in bidding some residential property and hope member can share your two cents.

1. the 70% maximum loan on 3rd property rules. Must all these 3 properties currently held or property previous had used loan to secure the property?
2. is banks still insist to take up MRTA on loan?
3. what the estimate legal fees on S&P loan? and any other fees need to budget for?

thanks.

the lelong unit that i am interested has a current MV is 300k, the reserve price is 240k.
don't know the final bidding price will end up at what amount. but i already had a target price.

upon submit loan application, bank loan amount based on bank own valuation i.e around 300k. meaning so if i entitled 70% loan i can get max 210k.

assume bank insist me to take mrta.. the 210k will be including this fee as well?

aside, which bank offer reducing balance loan?

thanks.

Which bank can provide that? CIMB is giving me a super high interest rate

is there such thing as lump sump MLTT insurance? all together with the property loan. Need some confirmation as I was offered this by RHB.

my friend MLTT is monthly payment, a little bit confusing on my side.

If wife no HL and income 3k

Husband got 2 HL and income 10k

600k loan. Wife apply  alone cannot get approval.

Anyway to get 90% loan?

hi, can new signed & stamped tenancy agreement be used as source of income? no bank statement on rental yet..

thank you very much!

If spa >600k, 3rd property entitled for 90% loan right?

Hello,

Can i check whether am i qualified for below?

SPA = 780000.00 new project
Age = 33 this year
Nett Income = 6380

Commitments:
Joint House Loan = 1590
Personal Loan = 680
No PTPTN
CC cleared every month

Thank you very much.

i going to buy a property for 1.5 million, down payment is 900,000 and loan is 600,000.

CIMB offer me FLEXI loan 600,000. Meaning I have to open a loan account and put 600,000 inside. No loan interest will be charge and monthly deduct from the loan account. Bank only charge monthly service charges of RM50.

Am I correct. Do I miss anything?

Hi sifu,

Would like to get opinion

Prop value 680k, new prop, single name

Age 37, govt staff, married

Income 6.7k gross

Commitment
Personal loan 1.5k
Housing loan 1k
CC outstanding 9k

Been offered cimb islamic loan 645k inclusive gmrtt 33k semi flexi (90% margin) with 3.15% interest. Only this bank approve as other bank cant offered 90% loan margin.

My q is, is the loan interest given to me ok? Or still can ask for lower rate?

Thanks

Hi all,

I'm planning for second property purchase (most probably joint name with my sister), my current condition is as follows:

Age: 37, normal salary employee
Gross Income: 92,000 pa (in EA Form)
Nett income: 5,800 - 5,900 (monthly)

My Commitment:
House loan: 1,100 (this is the total monthly instalment amount, I'm paying but loan joint name with my father)
House loan current outstanding: 66k
Current property value: 600k
Credit card: no outstanding / payment clear every month
Credit card total credit limit: 67k, total 8 cards)
No Car loan / Personal Loan / PTPN / etc.

Would like to ask a few question:

1. Will credit card credit limit and number of cards affect loan application evaluation?
2. Roughly how much I would able to get for my next mortgage loan?

Thanks in advance.