Hi guys,
Regarding 1st home buyer waive 300k stamp duty.

My mom pass away 10 years ago, and the house of her was divided to two and pass to me and my brother.

So now i want buy a house, i am still 1st home buyer to entitle the waiver of 300k stamp duty?

My lawyer say i cant get stamp duty waiver since my i got name in my mother house (even though i just little portion, share with my other brother and sister).

Which is 10 years ago i still studying,
dunno inherit house from parent will affect next time when want buy 1st property.

Just want to confirm here is it true?

Applying for 630k loan

minimum can get 3.25% for 29 yrs

Can someone help me estimate how much the MRTA or MLTT that I need to prepare?

Age 41 / non smokers / office work / no medical conditions.

Thanks

I jumpa banker straight with payslip and EA..

now which bank can accept outside MLTT?

PBB 3rd property subsale now can do 90% or still capped to 70%?

Does anyone know how long does a typical house loan gets approval from HQ lvl? My dad is selling onee of his hse to a buyer and loan approval has been pending for more than 3 weeks already, the hse is less than 700k. Is it typical for banks to have a longer time to process the loan approval during MCO?  Bank is Public Bank

The banker is managed by the agent from the buyers side, all documents has already been provided to them. Usually the branch can approve themself so i'm not sure why it has gone to the HQ lvl, maybe its a new process during the MCO period, so even within MCao it will usually take a week for any bank to approve the loan?

But its a subsale property, and the loan that they are taking is below 500k, maybe they are way strict than before. End of this week will be 1 month of waiting for the approval

hey guys, for subsale property around PJ for 600k to 700k.... how much is the interest on loan assuming 90% loan

Preloan eligibility check

Income
Net: MYR 8240
Bonus 2020: MYR 11758
Rental (commence JUL2020): MYR 2300

Expenses
Mortgage: MYR 3928
Hire purchase: MYR 1595
Personal loan: MYR 830

What the possible loan sum (if any)?

no but i plan to use two names to increase the chances of eligibility

If I am buying a completed project from developer, the loan assessment will be based on SPA price or bank’s valuation of the said property?

Hi all, property newbie here.

Which is better to take, MRTT or MLTT?

Let’s say I have a credit card with limit of RM15k, my credit card statement date is 5th of every month, statement due us 25th.

If I swipe RM10k on 3rd of the month and my cc amount due is 10k on statement date, will it show up in my CCRIS? what if I pay fully before the statement due, will it still appear in CCRIS?

Asking this to avoid any chances of affecting my credit score during loan application.

I think this depends on when bank does the extraction and send the data to BNM? I don't think it has anything to do with the statement date though.

I think it depends on what kind of data the banks send to BNM. Is it the credit balance? Is it the amount payable in statement? If I settled my bill on time but it is after banks send their data to BNM, I will still be considered having that debt?

Loan amount 500k+ mlta 19k(20years)
Rate 3.05
Is it good to take? What u guys think?Waiting for other bank also.

For joint loan, is there any weightage in DSR calculation or it will still be considered 100% loan under your name?

my flat house 2015 ..cimb loan on bank 5 year already finish.. lawyer call and would like to proceed
deed of reassignment...  caj me rm1k .. it that normal caj ?? and what i get
1.ori deed of receipt and reassignment
2.ori power of attorney
3.ori deed of assigment
4.ori murabahah facility agrement
5.original SNP
6.ori dead of mutual
7. leter offer
8. notification letter

no 2 until no 8  i already get on 2015 when i get my key house.. why this lowyer give me same doc ??

and i ask about geran.. they said this house still no geran.. need to ask developer and if geran already have.. i will be charge again...

Hi, may I know what is the best loan for purchasing subsale to get now?
I enquired regarding Bank of China, BR = 2.55%
1st and 2nd year BR + 0.3% = 2.85%
3rd year onwards BR + 0.45% = 3.0%
of course the BR will increase when economy better
Is this a good loan to take?
Please advise, thanks!  

Getting a loan of 230k approved with MRTA but the interest rate is 3.55percent, seems a bit steep?

What I mean is after the joint loan purchase, will the second purchase consider that The first purchase joint loan as a 50-50 loan instead of a full loan.

E.g: first house is purchased with joint loan, with a monthly installment of RM1.6k per month. When buying a second house, DSR calculation of the first loan will be taken as 1.6k or 1.6k/2 since it is joint loan?

Thanks.

Dear sifu, as a full comm earner any bank recommend for housing loan? Because i heard tiger Bank only take 50% income to calculate. Any advise?

Just gotten loan quote under PBB

(MRTA applied)
1st yr 2.27+0.58 = 2.85%
2nd yr 2.27+0.7 = 2.97%

(MRTA non applied)
2.27+0.83 = 3.1%

Rates seems a bit high as well, anyone get better quote from others bank recently?

29
1 borrower
20k average 6 mths comm

Housing loan 3100
Car loan 1600

Loan eligibility and please recommend any bank is good?

Dear Sifus,
may I know how soon we need to pay the legal fee and loan fee to the lawyer? is it immediate once they start the process? or can it pay by stage billing? how if after paid the lawyer start to slow down or not responsive?

Dear sifus, 1st time buyer here. Islamic loan better or conventional loan better? Plz advise. Tqvm 🙏🏻

Preloan eligibility check

Income
Gross: MYR 10,000

Commitment
Hire purchase: MYR 1200
Ptptn: MYR 200
Currently looking at a project which is under construction.
SPA 824,880
What the possible loan sum (if any)?

age: 29, single name

HLB banker told us might slash to 85% or 80%. Haven't know is it confirm & whats the reason yet.

I am a first home buyer and recently booked a unit. However, the project will only officially launched in Sept / Oct 2020.

Most likely I would confirm the unit once it is officially launched. What do you recommend for the timing in applying loans? Any recommended banks for me to check out? TQ

sifu,

Looking to refinance and consolidate my existing mortgages ~530k @3.27%. Any sifu can recommend agents?

2 borrower.

Main
27
Monthly Avrage Comm across 6 month: RM 11k
monthly commitment: RM 5k

Joint
49
Monthly Salary : RM 4k net
monthly commitment : RM 450

Eligible loan amount how much?
And which bank should i go for

Hi Sifus,

I'm planning to buy a completed project (developer unit). Will the bank consider giving a 90% loan??? Heard from 1 agent that the bank will not give 90% loan as the project has completed....Anyone here knows ka?

Completed 4 years ago. Direct from developer

Hi there,

wanted to purchase 2nd subsales units estimate 900k and want to know % of bank loan will approved

Joint

gross income 24k

current commitments
House-2200
hire purchase-2450

age 43.

thanks

Hi everyone. Hope everyone is doing safe. Not sure if this is the correct place to ask but I’ll try.

Recently I’ve got approval for my housing loan at 2.9 p.a for 35 years. And their criteria is to have a pbe bank credit card together with the loan. Currently the housing loan has been approve and I’ve sign the letter of offer. However for the credit card, their HQ applied for me 50k (as per my ccris report). What are the chances of the credit card approval?

I’ve asked my local branch banker they did not know much about it as it is applied by the HQ. I’m okay with the credit card limit, but funny is my pay is only 5k. Are they giving me 10x of my salary for the credit card? Or it is only applied for and later will be approved accordingly?

Thank you so much

Hello all,

I'm looking to purchase my first property (3br/2bth/3cp condo, undercon, scheduled for end of 2022 completion) valued at 630k, by the end of HOC 20. I've done some preliminary investigation and would highly appreciate it if someone else could validate my numbers/plan.

Age: 27

Gross Salary: 8.1k fixed, OTE: 10k

Monthly commitments: 0, am saving 2.5k per month in Stashaway with returns of 12% to date.

CTOS score: 773, last checked 1st August 2020

I currently have 40k in cash, and am targeting to have at least 56k, before the tentative purchase date in March 2021. I just started a new job, and want my bank statement to reflect at least 6 months of this new payment scheme.

My existing plan is to pay 7% in down-payment (44.1k) and finance the remaining 93% (586k). This should translate to around a monthly installment of 2.3k per month at 3.15% for 35 years. I also intend to rent out the 2 remaining bedrooms for at least 950 total monthly.

I'd prefer minimize the down-payment (between 5% to 8%) and do some basic renovation to make my 2 available bedrooms more attractive to renters, before dumping the remaining cash into other investment vehicles.

Can anyone comment about the loan numbers or overall plan? Thanks!

Hi expert, this quotation is good or I can get better than this now? Bank Tiger

Is LHDN tax return crucial in housing loan application?
30 year old commission earner in healthcare industry, last year tax return income about 190k.

Savings, shares and annual pay slip as proof should be sufficient for 1.3m loan. But EPF not much.

Dear experts, the amount of income tax you pay will affect the for housing loan application? income tax for form B usually bank's will see the gross income or chargeable income?

Hi,

Im working in o&g sector, which bank allow to give mortgage to people who are in o&g sector?

And, what is the lowest rate of that bank?

Thank you

Sifus,

I got 2 offer. Which is better and why? I am kinda confuse now.
As you see below, both gives the same ELR but which 1 is better in long run let's say 30 years? Pick lower BR or lower spread?

A) 2.63 + 0.27 = ELR 2.9
B) 2.27 + 0.63 = ELR 2.9

Thanks.