Dear goh15111,

1. To get a much accurate analysis on your profile, do you mind give me below breakdown details, so that I can assess your profile comprehensively.

Dear Syd G,

1. 6.85% definitely needs a revise in the interest rate, better to refinance though.

2. If your refinance amount less than 300k, interest rate would be range 4.5%-4.6%

3. Semi flexi suits people who doesn't have big cash flow frequently and doesn't withdraw or credit the cash frequently.

4. You can save up 6.85-4.5% (1.35%), it will be a wise decision though.

5. Left 30k outstanding balance is small amount though, hence, if your refinance your objective should be to cash out for investment or contingency purposes.

6. If you need any help or assistance, do ring my bell

Dear rivalry.

1. I include your mortgage at max MV as debt, your income and debt still qualify you for max RM968,000 loan eligibility.

2. Purchasing RM650,000 property shouldn't be a problem, only thing is I need to look at your ccris, ctos and income documentation to confirm.

3. Since you have 2 existing mortgage, your max margin of finance for 3rd mortgage is max 70%.

4. max loan tenure is 70 years old, hence you are now 45 years old, you are still entitle 25 years of max loan tenure.

5. For AIA, their fixed rate are peg at 4.99%, you are not affected by the variable changes of the base rate and interest rate. YOu are hedge when there's downturn in property market, however, till now, few banks conventional rate haven't exceed the fixed rate that people have partake previously.

However, when the rate is low or average rate, you will still have to pay for the higher interest rate, just take note.

6. There's 2 banks offering zmc, AIA and HSBC.

7. Inorder to save more from entry cost, you can have Law**r to quote your entry cost higher, hence the financing can reach max amount, any outstanding balance can be cash out.

8. Inorder for you to get high 90% margin of finance, consider 3rd party financing.




This post has been edited by Madgeniusfigo: Feb 5 2016, 12:57 AM

Dear,

1. For 2nd mortgage, you can go for max 90% margin of finance

2. Your max loan eligibility is RM1,400,000.

3. If you need any help in restructuring debt, financing consultation, do give me a call.

Dear KadS,

1. for Rm100k below loan, 6.95% rate is very high compare to norm market rate.

2. rate for islamic and conventional loan doesn't differ much, it is the same thing.

3. You can actually opt a better offer than this though, get islamic financing from HLLB,RHB or other conventional banks. The rate would be 4.8-5.4%

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.

No sweat

Dear suadrif,

1. it depends how many mortgage loan you currently have with the bank.

If you currently have 1 mortgage loan, refinance would be 90%

If you currently have 2 mortgage loan, refinance would be 90%

If you currently have 3 mortgage loan, refinance would be 70%

If you currently have 0 mortgage loan, refinance would be 90%

Dear buncho89,

1. Yes, they have the right to do so, as effective lending rate depends on the base rate. Base rate can be revised by the bank depending on their portfolio objective, cash flow and etc etc.

2. To be frank, this isn't fair at all, but business is business, it's alike they bait and kill...

3. So the best strategy for now is to chose the lowest spread rate as it stays constant for entire loan tenure. ( This is just my opinion)

Dear,

the price varied with your property details.

May I know few details beforehand:

1. Master or strata/indiv title?

2. encumbered or unencumbered

3. Freehold or leasehold

4. Refinance or purchasing a new property?

Dear

Hope that it helps.

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

Dear,

1. Some of the banks required Consent letter from local authority before the loan can be approved. It's a fundamental step. However, there's bank that can proceed without consent and some needed it. It depends on ur profile which u r suitable for and we will see how we go about it later on after assessment.

2. No,after approved, the blueprint should be the same as it was per approved. Contractor can be the same but the quotation and blue print had to be the same else the loan will be reprocessed over again.

3. Is it land malay rezab land? As this will minimized no. banks that can finance ur land and construction case.

This post has been edited by Madgeniusfigo: Feb 10 2016, 07:38 PM

Dear Paneuropa,

1. Since housing loan follows reducing balance method and not flat rate, your total interest charged wil be greatly reduced if you settled 80k out of the outstanding 100k. However, your cash flow or your saving will be depleted straight to 80k.

Ccris update period has been changed long time ago. Do update.

Dear,
Yes, make it latest by 12 earliest by 11th.

Dear,

1. Based on your details, gross salary Rm12,000, commitment on car loan Rm1200/month. I will overstate it to RM1400, Usually banks calculation would be higher. The get accurate figure, would need to know the credit limit of the debt commitment. However, based on this, your max loan eligibility is RM1,225,000 FOR hlbb, for other banks max loan eligibility do look at right bottom section yellow highlight.

2. It is possible to get full margin finance 90% house loan, but really based on how much loan you are applying for.

3. Is saving amount determinant factor? Yes and No. You can opt to provide document that doesn't show your saving in banks and opt for banks that you are not currently have any account with. But still it doesn't affect much, as you can explain that this account is just prolly to receive salary.

4. Commit more downpayment? In my opinion, I would not consider this a wise move. If you can borrow more, borrow more. If you lash out too much cash upfront for the property, your cash flow would hurt badly, your cash would stuck inside the bricks of your property until you refinance cash out/topup or sell off your property.

If you would like to pay less total interest for the whole loan tenure, opt to borrow 90% margin of finance and credit cash into the capital account to reduce the interest charges.

5. Paying more upfront would lead to lower installment, however your cash flow would be disturbed. It's not a wrong decision, it really depends on your financial objectives and your comfort.

Dear,

1. In a scenario of you qualify for 100% loan, you will save up on your 10% down payment cost.

2. If you buy subsales, you will need pay for legal loan, spa stamp duty, spa loan, spa stampduty. However you can finance you can finance legal loan and valuation into the loan amount. Hence you will just pay for the rest

3. If you buy undercon property. Usually developer will cover spa loan. Hence you just finance the rest legal loan, valuation into the total loan amount. Then you can save up alot.
Some developer will cover all the cost, hence you will be like zero down purchasing the unit.

Dear ripplezone,

1. There's a max DSR 90% for one bank. There's lowest 55% for certain banks. DSR % depends on your income category.
Example for bank A.

Income less than 3k, 55%
Income 3k-5k 70%
Income more than 5k is 85%.

Bank B

Income less than 5k is 70%
Income more than 5k is 80%.


Conclusion
Different income category, DSR is different. Different bank has different DSR set.
Will need to analyze your income in order to categorized which DSR section you are eligible for. My analysis table will show which bank you are eligible for the loan rm630k loan.


I need to know your income, debt commitment to analyze it.

Dear,

1. Have you sign the facility agreement?

2. If you cancel ur loan, bank will charge penalty around 2k-10k varied with bank.

3. To get back 30%, you need to discuss with the developer or the seller to come in mutual consent with a valid explanation that they accept.
Is it a subsales or undercon property?