Thank you. May I know also is it necessary to take MRTA for full 35 years if my loan tenure is 35 years?

Hi sifus,

I have been making monthly installment repayment to my cimb housing loan for past 10 yrs. There are 70k to go.

Is it possible to cash out part of the loan amount disbursed in my cimb loan account for emergency family use ?

Thx in advance..

My gf is looking to purchase her first property.
700k unit, 200-250k down.
Looking for recommendations on a 450-500K mortgage, 35 years.

Would prefer something she can put lump sums into often to pay off earlier.
Appreciate any suggestions or guidance.
Thanks!

PBB
Rm900k + mrtt + legal fees  = rm935k

Interest rate:
SBR+0.85%=3.85%

35 years

Condition:
1. Valuation report
2. Mrtt covering rm600k for 20 years + critical illness rm75k for 15 years
3. E lejer

Is this good offer?

lifebalance able to calculate/estimate the MRTT from these? was given these by a mortgage officer and pending my signing. looks decent based on the interest rates as my friend recently given 3.9% for subsale RM1.7mil

MBB
RM691k SPA price
interest rate 3.9% (unofficially)
35yrs tenure
islamic loan, no lock in
est monthly repayment - RM2.7k+/m
another Q, all the MOT, stamp duties, fees whatnot to be paid when loan approved + SNP agreement signed?

32yo this year, male, non-smoker, sales manager

thanks. there will be two main documents such as SPA and LA from seller/dev and bank respectively right? considering this is my 1st property, i heard gov allows 75% of stamp duty exemption, i take it it should reflect in the SPA for me to review? same goes for it all the rebates the seller/developer provided?

No, just want to settle it off fast. Nowadays I see bank offering 3.9% (new loan) which is lower then my current one 4.25%.. Not worth?

i am applying for MBB semi-flexi loan.
Interest : 3.95%
Loan : 531k

The staff told me that I can make extra payment and withdraw via MAE. RM 25 is imposed per withdrawal.
I would like to confirm with the others that it's true that the process is simple? No need to fill up any form everytime i make extra payment and withdrawal?

My wife is a foreigner and I am local

Can I buy house under my name but loan under both name?

how long does it take to get feedback from submission of docs & application to receive the  offer letter?

would like to ask after principal deduction does it reduce loan tenure or monthly interest (monthly repayment sum same but more principal) or monthly repayment (interest reduce but principal same) ?

Anyone apply RHB mortgage before and come with a credit card?
I remembered in the RHB app already ticked dont want credit card but still receive a msg today saying a card been approved...

Am I required to cancel it or just ignore it as long as no activation done?

Any AIA agent here? Is AIA home loan a flexible loan? Can we do extra payment to reduce the interest?

Any capping? Which means additional payment will go to reduce the principal and can pay off faster?

I would like to know bank that offers zero moving cost refinancing for home mortgage apart from HSBC, SC and MBB. Appreciate the feedback.

if let say already sign the letter of offer but I changed my mind, would bank penalize me for doing that?

also, is there a period that upon signing the offer letter, within how long must the SPA be signed?

usually how much, the penalty

let's say, my mortgage was approved on February 2023, how soon can i apply for my next mortgage? within/ after 6 months? or after 12 months? (for better approval chance)

and isit better if i apply with the same bank or different bank? (for better approval chance)

Hi All ,
Want to ask regarding RHB bank full flexi package.

i get information from my banker saying that RHB is no capping for the amount that we put inside to reduce the interest .

is it true and compare with others with 70% capping , what is the hidden term that we dont know about it?

Hi all, I need to get some sifu's opinions and suggestions. I hope to get my 1st residential property and mortgage - ideally within the next 6-12months, but my circumstances are tricky. Here's some context:

- Started Sdn Bhd 2 years ago, holds 90% share
- Sdn Bhd has been profitable for the last 18 months
- Average monthly revenue of RM20k, net profit of RM13k
- FY 2022 profit of RM110k, no dividend declared yet
- Current YTD net profit of RM100k, estimated RM150k for FY 2023
- Total RM200k in FD account of Sdn Bhd
- I have been running the company full time, with no salary drawn in 2 years. hence never file for income tax and have no pay slip
- Personal savings of RM75k available
- Currently I am 38 years old, with no financial commitment

I have considered the following options:-
a. Reduce shareholding to less than 10% and become an employee (but will be taxed at least 25% on income)
b. Declare dividends in 2023 and 2024, file income tax in 2024 and 2025 (17% tax rate for Sdn Bhd), but it will be too long wait for me to get my property
c. Declare director fees, but unsure if still need to show 2 years of borang B/BE - which I don't have.

Apart from these, are there any other possibilities to obtain a property with a mortgage and with the lowest tax on my behalf?