Dear,

I am glad that there's people sharing good knowledge here, but this article seems to be copy from some author. Do cite the author as an appreciation for their effort to write all this down.
If not, it will be blatant plagiarism. It wouldn't be fair to that person right?

Dear,

That's the default setting and I didn't inform him his loan tenure would be 33 years...lolol

Anyway, good eyes. Hope you can catch a more significant relevant error next time.

Dear Life balance,

As always, all the analysis is based on estimation. There's always a given range to how much can be receive and every bank has its own policy and guideline in calculating the max loan analysis.

1. As always, I would give an estimation but ending success must based on the actual document of his CCRIS, CTOS and his income documentation.

2. So you are saying, what you posted here estimation of loan range for the netizen is on top notch accurate? I won't ever give my assurance until I look at their document. Hope you won't it will be a blatant mistake.

3. I would apologize if I ever give assurance in the estimation and they came back biting me on the it. But anyhow, I had never give any assurance in it till the documents has been thoroughly examined by me.

4. Furthermore, this is just an initial analysis, there's definitely a gap of difference from actual one, and given that his information is still vague, I would need few more details from him to tabulate an actual analysis. Until I had the right details, will I tabulate the DSR on top of his mortgage loan financing.

5. You are trying to make a point out of nothing, the fact is, I still haven't include his age factor into it as I have written, as per vague information given. I don't need to alter anything as the table tabulated is not based on his age factor yet.

6. You are telling me, without his actual information given accurately, you can estimate his range of max loan eligibility? Seriously ?

There's still unknown factors in



7. So, this given me an impression that you analyse based on vague information and not his actual details. When you didn't even ask him on the essential question

8. So based on this, you know his actual figure on his bonus and allowance?


What's his other debts?
As far as I know, you didn't even question and you gave him a range of max loan eligibility already.

9. So, as per what you have written in reply to him/her, Your estimation is of accurate? You didn't even factor in his other debts and with his vague income information.



10. All I can say is, my terrible mistake in not removing the default loan tenure year in my table (Which is obsolete as the age factor haven't even add into the analysis calculation) My bad for not explaining well on my table functionality, I will do better next time Mr life balance.

This post has been edited by Madgeniusfigo: Mar 6 2016, 11:06 PM

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Dear,

1. This is important, I wouldn't want my articles written with effort and hardwork and then being posted by random others without my consent or cite, and took my hardwork for granted and make it his/her.

It's an intellectual knowledge.

Hope you take this matter seriously, and not taking it lightly from how you reply.

2. Don't take this the hard way. I'm just advising and protecting others intellectual property.

3. Hope next time, you can improvised and add on value to this content and articles of others and make it more interesting and informative. Just remember to cite the AUTHOR.


This post has been edited by Madgeniusfigo: Mar 6 2016, 11:12 PM

Well..... plagiarism is nit picking... since you put it this way.. well.

Just hope you give more quality advises regarding mortgage to the netizens here.

Dear,

1. This only be done by people who had big cash flow.

2. Yes, you can dump in RM10K into the account so that no interest will be paid. But not every bank allowed you to do so, May I know which bank is your loan currently under?

For more accurate answer, do call the bank customer service.

Not every bank allows you to do so, careful with certain advices you receive here in forum though....

Dear,

My bad for not replying to you message quick, hence you got confused with other's replied to your question. Had been attending events for recognition.

1.
Fees that you need to pay when getting a housing loan:
a. legal loan fees
b. legal spa fees
c. MOT
d. Stamp duty loan
e. valuation

When developer gave free SPA legal fees. The remaining fees that you need to pay is

a. legal loan fees around RM 4-6K
c. MOT AROUND FEW thousand
d. Stamp duty loan around few K
e. valuation around RM600-800

2. First time house buyer are entitled for 50% stampduty discount

3. Booking form of the developer usually will state whetehr the SPA legal fees is covered by the developer itself.
WHen Legal fees SPA is covered, you don't need to pay for it but the rest as stated in answer 1.

Dear,

My bad for not replying to you message quick, hence you got confused with other's replied to your question. Had been attending events for recognition.

1.
Fees that you need to pay when getting a housing loan:
a. legal loan fees
b. legal spa fees
c. MOT
d. Stamp duty loan
e. valuation

When developer gave free SPA legal fees. The remaining fees that you need to pay is

a. legal loan fees around RM 4-6K
c. MOT AROUND FEW thousand
d. Stamp duty loan around few K
e. valuation around RM600-800

2. First time house buyer are entitled for 50% stampduty discount

3. Booking form of the developer usually will state whetehr the SPA legal fees is covered by the developer itself.
WHen Legal fees SPA is covered, you don't need to pay for it but the rest as stated in answer 1.

4. So do remember, you would to have enough money to pay off cost such as legal loan fees, valuation, stamp duty loan and MOT.

MOT is the transfer of title, which will occur at later stage after all the above a,b,d,e had been paid. You will have to pay after the strata/individual title successfully transfer to your ownership. SOmetimes it take few years time, as it depends on the speed of the lawyer and the developer though.

Do remember to pay for it and not delay when asked so, such as, when people delayed paying and the transfering also delayed, what if suddenly developer went brankrupt and your unit are still under master title more than 10 years? Your property would be hard to sell off as not many banks would finance the buyer.

Do take note.

This post has been edited by Madgeniusfigo: Mar 10 2016, 03:52 PM

Dear

1. If you currently have 2 mortgage loan, your remortgage for this property without loan would be 70%

2. If you currently have 1 mortgage loan, your remortgage for this property without loan would be 90%

Dear GameFr3ak,

1. Commercial lot, yes utility bills will be higher.

2. Commercial lot the interest rate will also be slightly higher than residential lot interest rate.

Dear,

Since there's not much changes on the income and debt.

The table that I shows you would be the right tabulation analysis.

2. For asb div, bank will divide it by 2 years and recognize 80% of the income.

Dear Kyo2020,

Yes, there's few banks that would do a ccris and ctos back check after loan approved.

If I am not wrong, it would be updated monthly (Hope someone with much more concrete information could answer this)

Dear Sáimer,

1. If you need to have a full description of your MLTA, i can provide you.

2. The difference would be as below, laymen terms:

Dear gshock_kaki,

1. For loan around RM610K, the interest rate will fall between the range 4.35-4.5% effective rate.

2. 30 years old, hence you are still entitle for 35 years loan tenure.

3. With RM5000/ month, and with not much debt, getting a RM610K loan should be able.

Dear,

Great, you got this right this time.

Dear Xin,

1. 90% Rm500k loan amount approved full flexi.

Credit extra Rm300k into the account.


2016 April
-loan approved RM500K, 4.5% interest.
- interest will be charge based on the RM500K loan through out loan tenure.
-installment payment estimate RM2500 (RM1500 interst + RM1000 capital)

2017 April
- loan outstanding balance is RM480k
-decided to credit RM300K into the full flexi account
-RM 480K-RM300K = RM180K
-interest 4.5% will charge based on the RM180K.
-installment payment estimate RM2500 (RM500 interst + RM2000 capital)

2. You will be paying more towards the capital and less to the interest. Hence saving more on the interest payment.

3. Monthly installment will stay the same.

Dear Pink,

1. Thanks for following my format of writing down the details, very concise and I can accurately analyze your details.

2. You mean the contractual bonus RM6300 had already added into your gross income RM6300?

3. However, based on your information. Your max loan eligibility is RM328,000 for HLBB. the rest of the banks do look at right bottom corner yellow highlight.

4. Based on your information, 90% shouldn't be a problem, however, I would need to look at your CCRIS, CTOS and income documentation before giving you any assurance

5. Do becareful of other overstating your max loan eligibility.

Dear

Hope that it helps!

Dear simisai,

In order for me to accurately analyze your max loan eligibility, do provide me with below details:

Dear,

1. This scheme you have to hit certain criteria

a. Rm5k-10k income based on whether you are joint borrow or indiv borrower

b. prop should range between 100k-500k

c. Your DSR shouldn't exceed 60%

2. I would help you to calculate your profile whether you are eligible for this scheme, do provide me with below details: