[quote=Allise,May 12 2015, 04:34 PM]
[quote=ims2628,May 6 2015, 11:13 AM]
Yes. Convert from your salary in Singapore dollars to Malaysia Ringgit and estimate your monthly income from there


The bank will follow market exchange rate?

[/quote]

They will convert according to estimate rate to count your income.

Hi all,

Wanna ask.. If one's income is purely based on commission. Will bank approve the housing loan?

Comm monthly arnd RM16k + Rental income RM3000 (Not stamped but shown credited to account.

Commitment: Housing loan and car loan (RM2400).

Just wondering how banks calculate the Debt Income Ratio and the percentage set to calculate the income for commission and rental income.

Also how much is the property eligible to purchase.

Thanks!

I'm going to buy property price RM370k for 35 years loan tenure.
Anybody knows best rate offered by PB for this amount?
And normally how much I need to pay the bank loan legal fees? (Islamic)

PBB for this loan amount lowest should be 4.4 appeal rate, loan legal and valuation fees estimate 2% from your loan amount

I'm planning to refinance my existing house with market value approximately 900k for bare house. I did some renovation which cost me around 150k. The house was purchased in early 2012 for rm600k and current outstanding loan is about 530k.

As I know (based on my reading early last year), cash out on refinancing can only financed up to 10 years only. is it still applicable? heard about only approval stage need to pass the "10years capability requirement" but repayment can be made for 35 years. Again, is this still applicable?

Put aside concern on my income and commitment, how much approximately the refinancing amount could be? which bank offer better rate?

cheers

Yes cash out will be counted as 10 years commitment, however once loan approve we can appeal the tenure to 35 years, but commitment will be counted as 10 years. bank offer better rate it's depends on your grading, it's average 4.35-4.45 for this 900k.

thanks for your prompt reply. how much % of commitment bank allow nowadays?

thanks for your prompt reply. how much % of commitment bank allow nowadays?

thanks for your prompt reply. how much % of commitment bank allow nowadays?

Dsr below 70%, if special cases around 71-73% also can be accepted but I will not advice you take such risk to go until max, later appeal rate also won't be that attractive

Hi

This is related to a home loan but from a seller's point of view. Here's my dad's situation. Any advice appreciated.

- sold his fully paid up, freehold property this year for 1mil. The property is more than 10 years old, so no rpgt
- buyer and my dad/seller share the same lawyer recommended by the RE agent
- buyer paid 2% (20k) booking and 8% (80k) when signing the SPA
- buyer took a 700k loan and letter of undertaking from bank had been issued. We hv a copy of this provided by the lawyer.
- lawyer is asking my dad to hand over the original house geran to initiate the transfer process
- we are asking to get a written confirmation from the lawyer to show that the buyer has deposited the balance (200k) with them before my dad passes them the original house geran
- lawyer says that they can show us the transfer slip for the differential sum before we give them the geran

Question : is this normal procedure ? I.e. The last step ? Shouldn't the lawyer confirm that they hv received the entire differential sum (900k) before we hand over the house geran ?

Hi,

Just curious, what is the cost for the

i) Disbursement
ii) loan stamp duty?

How is it calculated for each item?

Thank you.

Just wondering for loan of RM1.1 million, what kind of interest rate I should expect?
Also if a bank offer 4.xx rate, can I negotiate lower rate and how long will it take for them to reconsider?

Lowest should be 4.35 without mrta

There are Sales & Purchase Agreement (SPA) Vs Loan Agreement (LA).
Do you means LA disbursement fee & Stamp Duty / Stamping?

Stamp duty for loan is 0.5% of the loan amount. The disbursement fee that you mention if is inclusive of the legal fee for handling the loan documentation then will be substantial too. The legal fee follows the fee scale - just do a google search and you will be able to get it. Other than legal fee under the disbursement, the fees and charges incurred for searches and lodgement of documents etc are much.

Which bank get loan easily? Not strict type..

OCBC but the interest rate quite high. What's your concern actually?

My concern is afraid later not approve...sure prefer lower interest...PBB good?

Hi, I'm looking to take out a loan for a commercial property. What is the best LTV i can get? 90%?

Property price is about 220-230k.
What would be the best rate that the market can give for such a loan, and what bank?

TQ in advance

This post has been edited by daijoubu: May 15 2015, 10:50 AM