Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 Jul 18 2016, 08:04 AM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur   
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QUOTE(Kelv @ Jul 17 2016, 08:02 PM) Which bank has lowered the BR, and if apply loan now can get below 4.4? Dear, 1. Maybank, CIMB, Ambank has lowered their BR rate 2. 4.4% it really depends on your Loan amount and your profile. CHeers |
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Jul 18 2016, 08:06 AM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur
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QUOTE(Kilohertz @ Jul 17 2016, 08:58 PM) What's the charges/fee like to appoint a mortgage consultant? Dear,1. Usually for mortgage consultant dealing with residential property, they won't charge as commission are paid by the banks itself. However, if your case is commercial/ Sme or very specialized case, they might be charges upfront. It really depends on your mutual consent for the payment to be charged Cheers |
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Jul 18 2016, 08:09 AM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur
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QUOTE(youloke @ Jul 17 2016, 11:46 PM) I'm currently earning gross RM4500/month with no other commitments or debt. Car finish paying and no cc outstanding. Just wonder can i buy a property with 100% loan from banks? its my first house. Dear,1. You can look at below website for the criteria set by the government. check it out there, as I won't copy paste other people's content. 2. Profile that you stipulated, yes you are partially qualified. 3. However, you have at least credit card payment record, hence you are still alrite. 4. I need to know what's property price amount you are buying, your profession, your age and your years working in the company, so to enable me to assess your profile, whether you qualify for the 100% loan. Cheers |
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Jul 18 2016, 08:10 AM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur
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QUOTE(youloke @ Jul 18 2016, 12:23 AM) Thanks for reply. Will there be any difference interms of interest rate? QUOTE(youloke @ Jul 18 2016, 12:25 AM) Thanks! Dear,1. Rate will be accordance to normal housing loan rate, howevr certain bank will quote the rate much higher to offset their risk in fully financing the house loan amount. Cheers  |
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Jul 18 2016, 08:39 AM
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Senior Member
2,173 posts Joined: May 2010
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QUOTE(Madgeniusfigo @ Jul 18 2016, 07:52 AM) Dear, Yes, I'm actually looking into subsales property. I have a snapshot on the property SNP & Title, would that be sufficient enough?1. Pre loan acceptance can be done only with buying subsales property. However, you would need to aliase with the property agent to get the property SNP & Title to proceed with it. 2. It depends on the banker itself, how good he is in processing your loan case, thus how fast can your loan case be approved. 3. Well, to avoid trouble and so, it's best to have us to assess your profile before submitting. By assessin gyour profile, we would already know the chances of your loan approval. Dear 1. Look for experience mortgage consultant will do 2. If you spam all the banks, the chances of your loan approval wouldn't go any higher than spaming 1. Because, different bank has different policies in accepting certain profile clients. Hence, if bank A B C can approve your case, however you just got rejection from bank D E F, bank A B C has higher chance of rejecting your loan due to this factor. 3. It's best for us to assess your loan profile first, you can provide below details for preliminary checking: |
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Jul 18 2016, 08:44 AM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur
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QUOTE(Kilohertz @ Jul 18 2016, 09:39 AM) Yes, I'm actually looking into subsales property. I have a snapshot on the property SNP & Title, would that be sufficient enough? Dear1. Snapshot is not allowed to be submitted in with loan submission, however if your snapshot did take a good picture squarely of the document. It can be submitted. 2. Yes can be done, but title must be compelete 3 pages and SPA must show the essential first few page and last few pages. CHeers |
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Jul 18 2016, 08:46 AM
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Senior Member
2,173 posts Joined: May 2010
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QUOTE(Madgeniusfigo @ Jul 18 2016, 08:44 AM) Dear Ok, I will request this from the agent. Thanks a lot! Really appreciate your guidance on this.1. Snapshot is not allowed to be submitted in with loan submission, however if your snapshot did take a good picture squarely of the document. It can be submitted. 2. Yes can be done, but title must be compelete 3 pages and SPA must show the essential first few page and last few pages. CHeers |
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Jul 18 2016, 08:49 AM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur
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QUOTE(Kilohertz @ Jul 18 2016, 09:46 AM) Ok, I will request this from the agent. Thanks a lot! Really appreciate your guidance on this. Dear,1. No problem. 2. There's still few essential things you need to do before pre loan submission, do make sure the consultant you find know how to do it! 3. If you need any help just update me. CHeers  |
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Jul 18 2016, 08:54 AM
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(Kilohertz @ Jul 18 2016, 08:39 AM) Yes, I'm actually looking into subsales property. I have a snapshot on the property SNP & Title, would that be sufficient enough? QUOTE(Kilohertz @ Jul 18 2016, 08:46 AM) Ok, I will request this from the agent. Thanks a lot! Really appreciate your guidance on this. When submit loan doc for subsale need these 2 extra doc which is First 3 page and last 3 page of snp Title of the property Normally request agent to get from owner |
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Jul 18 2016, 08:55 AM
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Senior Member
2,173 posts Joined: May 2010
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QUOTE(lifebalance @ Jul 18 2016, 08:54 AM) When submit loan doc for subsale need these 2 extra doc which is What if the agent doesn't want to provide? Sometimes agent always try to twist and turn around. I have faced this quite lot of times..First 3 page and last 3 page of snp Title of the property Normally request agent to get from owner |
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Jul 18 2016, 08:57 AM
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(Kilohertz @ Jul 18 2016, 08:55 AM) What if the agent doesn't want to provide? Sometimes agent always try to twist and turn around. I have faced this quite lot of times.. Can't be cannot get from owner as it's loan essential doc otherwise tell the agent you're buying from another person then it will magically be available |
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Jul 18 2016, 08:58 AM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur
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QUOTE(Kilohertz @ Jul 18 2016, 09:55 AM) What if the agent doesn't want to provide? Sometimes agent always try to twist and turn around. I have faced this quite lot of times.. Dear,1. That's why you need to communicate with the agent very well, what's the purpose of getting the documents. 2. Best is always deal with owner, just tell them the reason and submit. Because most of the time, owner dealing with buyer, there don't usually sign the booking form or declaration of purchase. So you are not bound to any payment from the start till the end.  |
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Jul 18 2016, 09:15 AM
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(Kilohertz @ Jul 18 2016, 08:55 AM) What if the agent doesn't want to provide? Sometimes agent always try to twist and turn around. I have faced this quite lot of times.. I'll also normally help my clients to deal directly with the agent when they are difficult to deal with cause the agents know what i need and they can't give me bs excuse |
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Jul 18 2016, 09:18 AM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur
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QUOTE(lifebalance @ Jul 18 2016, 10:15 AM) I'll also normally help my clients to deal directly with the agent when they are difficult to deal with cause the agents know what i need and they can't give me bs excuse Wow, what kind of bs excuse? |
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Jul 18 2016, 11:00 AM
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Senior Member
2,173 posts Joined: May 2010
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QUOTE(Madgeniusfigo @ Jul 18 2016, 09:18 AM) Wow, what kind of bs excuse? I guess what agent will usually do is asking the buyer to commit the booking/deposit fee first to lock down the buyer which I feel it's not fair when it comes to buyer's interest. |
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Jul 18 2016, 11:02 AM
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(Kilohertz @ Jul 18 2016, 11:00 AM) I guess what agent will usually do is asking the buyer to commit the booking/deposit fee first to lock down the buyer which I feel it's not fair when it comes to buyer's interest. Aside from securing the business, it's also a required document for loan application as well as it serves as a transaction on-going between the buyer and seller.If you go through direct without an agent, you'll need a letter of intention which states that the seller is intending to sell you this property. The agent have to do this to secure their commission otherwise it will be compromise or undercut which is why they will refuse to reveal the owner to you unless you know ways to find out the owner contact for that unit. |
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Jul 18 2016, 11:06 AM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur
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QUOTE(Kilohertz @ Jul 18 2016, 12:00 PM) I guess what agent will usually do is asking the buyer to commit the booking/deposit fee first to lock down the buyer which I feel it's not fair when it comes to buyer's interest. Dear, Definitely, everyone will tend to secure their own interest. That's why if you deal with owner will be easy. Or communicate well with the property agent to facilitate this process. If you need a helping hand in this, I can talk to the agent regarding your situation and have him follow through my process. This is a win win for him as to secure and give best services to his her clients. Just tell him the reason nicely. He she will understand. Cheers |
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Jul 18 2016, 11:08 AM
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Junior Member
25 posts Joined: Mar 2016
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Never bought a house before so i am not sure what is the right question to ask. Supposedly say the property is 200k (second hand) and i intend to put 40k as down payment, what other misc fees do i need to fork out for (is it called s & p, etc) ?
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Jul 18 2016, 11:12 AM
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(wingedavenger @ Jul 18 2016, 11:08 AM) Never bought a house before so i am not sure what is the right question to ask. Supposedly say the property is 200k (second hand) and i intend to put 40k as down payment, what other misc fees do i need to fork out for (is it called s & p, etc) ? If you are purchasing a 200k property and putting in 40k downpayment, your loan is 160kYou'll need to fork out for S&P and Loan Agreement Fee Normally the fee is estimate 5% of ur purchase price 200k, which means additional 10k you'll need to prepare, plus minus a little bit. Let me know if you need any further help on the loan application. |
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Jul 18 2016, 12:39 PM
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Senior Member
1,451 posts Joined: Oct 2014 From: Kuala Lumpur
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QUOTE(wingedavenger @ Jul 18 2016, 12:08 PM) Never bought a house before so i am not sure what is the right question to ask. Supposedly say the property is 200k (second hand) and i intend to put 40k as down payment, what other misc fees do i need to fork out for (is it called s & p, etc) ? Dear wingedavenger,1. If you purchase subsales (second hand) property,90% margin of finance, freehold title property, the charges would be as below: Downpayment 10%: RM18,000 Legal loan: RM 5191.4 legal Spa: RM6844.6 Valuation fees: RM700++ Total estimate fees would be = RM30,735 Rm40k will be good enuf 2. Ways for you to reduce the downpayment is to get EPF account 2 cash out or to mark up the purchase price if the property value allows. 3. First step in loan process, do check the property valuation with details as below: a. Property full address b. square feet c. property type d. What renovation done 4. THen have us to check your loan eligibility via your profile, just fill in below details: CODE 1.Borrower a.age b. No. of borrowers c. no. of housing loan 2. Income (borrower) a. Gross salary A: B: b.Variable income for business (6months latest) "1. 2. 3. 4. 5. 6." c. OT d. Fixed allowance e. Variable Allowance (6months latest) "1. 2. 3. 4. 5. 6." f. Bonus contractual (1 year bonus amount) g. Bonus performance (2 years bonus amount) h. Comission (6 months, each month amount from the earliest) "1. 2. 3. 4. 5. 6." 3. Supporting income (borrower) -Tenancy agreement rental (6months) "1. 2. 3. 4. 5. 6." i. ASB ( 2 years total DIV) j. Shares dividend k. Fixed deposit 4. Debt / commitment (borrower) "joint or indiv" a. Hire purchase loan b. Housing loan c. Personal loan d. PTPTN e. Credit card (Outstanding/usage) (Every card credit limit and outstanding) f. ASB loan g. Overdraft 4. Background (borrower) a. Occupation b. age c. currently staying at? 5. Property a. purchase price b. subsales or underconstruction c. freehold or leasehold d. 1 borrower or joint borrower e. Strata title or master title CODE Loan amount: 180000 Sub Total Professional Charges Facilities Agreement 1,710.00 Charge Annexure 80 Entry and Withdrawal of Private Caveat 350 Statutory Declaration 100 Professional Charge 2240 Disbursement Stamp duty on the Facility Agreement (Original) 900 Stamp duty on the Facility Agreement (Copies) 20 Stamp duty on the Charge Annexure 40 Stamp duty on Letter of Offer 20 Registration Fee on Charge 120 Registration Fee on Entry and Withdrawal of Private Caveat 450 Affirming Fee/Bankruptcy Search 100 Stamping on Statutory Declaration (Owner Occupation/not a bankrupt) 40 Land Search 120 Documentation Fee 318 Transportation 300 Telephone Calls, Facsmile, Printing charges and couriers and etc 300 Miscellaneous 50 GST 6% 173.4 5191.4 CODE SPA amount 200000 Sub Total Professional Charges Sales and purchase agreement 1,710.00 Entry and Withdrawal of Private Caveat 350 Statutory Declaration (P.U.(A) 361) 100 CKHT 2A 200 Professional Charge 2160 Disbursement Stamp duty on the Memorandum of Transfer (subject to valuation) 2,756.00 Stamp duty on the Sale and Purchase Agreement 40 Registration Fee on Transfer 400 Affirming Fee/Bankruptcy Search 100 Registration fee on entry and withdrawal of private caveat 450 Land Search 120 Transportation 300 Telephone Calls, Facsmile, Printing charges and couriers and etc 300 Miscellaneous 50 GST 6% 168.6 6844.6 CHeers |
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