unless owner agree and the bank value for the house able get higher, to cover up the 10%, but normally in this situation most owner doesn't agree as they gonna pay extra tax for the sales and purchase value.

max i could help is 95% which valuation fees and legal fees added in the home loan.

u from which bank? i heard some bank offer renovation or personal contingency loan and the rate is not fix rate as personal loan and the max tenure is 10 years. can apply this to cover the 10% d/p?

what you're referring should be OCBC mortgage loan, i done this before, but provided is your income and commitment is ok and within the dsr guideline. but as far as i know, in april onward OCBC no longer have such offer.

OCBC rate better start from April

BR change from 4.02% to 3.92%

There's some changes in CIMB rate as well. New conventional rate and islamic differences 0.1% , Means conventional rate is cheaper than islamic loan by 0.1%, while their BR remain the same as in 4%, overall for cimb side interest is increasing.

This post has been edited by ims2628: Mar 31 2015, 07:43 PM

guys wanna get some opinion,

currently i have a housing loan @ RM909 per month with outstanding balance of RM100k with house value of RM500k

im interested to purchase a RM500k property, issit wise to refinance the current house and settle the RM100k and pay the remaining RM400k to the new house? The remaining balance will be settle via cash and EPF,

possible to go this way? i got no other loan

thanks

I'm looking for mortgage loan, pls pm me know if u have any best rate.

Thx

I don't advice you purchase new prop with cash as it will only bring trouble to yourself. Income tax will find you for coffee
And besides that refinance cash out the cash out part will count commitment as 10 years period only so I will advice instead of refinance to purchase new prop, i suggest you take mortgage loan for second property.

can I ask how public bank house loan work?

I got offered by public bank, but just a normal home loan, non flexi.

If I insist to change to flexi, current offer will be voided and need to re-submit and wait again.

Also been told, flexi in public bank, only 50% of the money in current account will be used to deduct interest. one of the forumer does mentioned once that pbb flexi required RM10K to be parked in the account and will not use to deduct interest.

If this the case, other bank that offer flexi are way better than public bank.

Now im thinking should I ask them to re-submit agan for flexi or not.

Anyone can advice?

Yes public bank flexi have capping, do you want try with others bank flexi loan submission? i might able assist you on this.

@ims2628 want to ask which bank offer the best rate for full flexi loan?

I got a question. My wife and I are in our late fifties so the loan tenure will be shorter making the monthly mortgage too high for us. We plan to include our daughter so that we can have the maximum 30 years for the loan. Problem is, my daughter has been retrenched and is presently a housewife. At 30 years tenure, my income alone is sufficient for the loan to be approved. But some say that my daughter must be working too otherwise the loan will not be approved. Is that true?

Question: Any bank offer the best rate for housing loan. loan amount RM600K-650K. TIA

Alliance Bank, they will try to appeal lower rate.

Try aaliance bank, officer appealing for 4.40 vs 4.45 for some of the banks.

Not really, some time appeal lower Maybank, PBB also can offer lower than alliance appeal rate

I tried recently both PBB and alliance, only alliance willing to appeal for 4.40. PBB said best rate is 4.45.

Which flexi loan bank has consolidated stmt?

I know chartered bank and hong leong has consol stmt...meaning that stnt got current account txn details and loan details

Does alliance has? Any other bank?

This post has been edited by hondaracer: Apr 3 2015, 06:26 PM

I approve rate 4.35 before that's why I said it's very subjective

This cannot be generalized that other banks do not entertain appeal case.