yeah, thinking of moving on from the company

Should I go for the bank with 4.5 rate but MRTA 30 years, Islamic or with 4.45 rate with MRTA 10 years, conventional..?

4.45 rate with mrta 10 years you can always top up mrta or replace the balance with mlta.

property price, under construction: 355k

C*MB quite high
BR 4.0% + 0.85% = 4.85%
MOF = 90%+5% (MRTA+fee)

and from R*B
4.5%
MOF = 85%+5% (MRTA+fee)
the banker are trying to appeal for 90%+5%

just applying to alrajh* and uo*. are waiting now
P*B have reject my loan.

this is due to my ccris report, jun/jul last year i have been late paying my car loan

should i just cancel my intend to buy for now and wait for another 3 month to buy another property?

CIMB below 500k rate cannot be appeal this might due to the reason why their rate is so high for your loan range.

i see. thanks

will wait for the other three bank then. hopefully will be approve

what is the best rate do u think we can get nowadays? 4.45?

4.35 but depends on loan amount and profile grading

my bank has approved loans for 4.25% for properties above 2million in 2015
so it really depends

what is the correct way to proceed with the full settlement of housing loan?

Loan details: HL islamic flexi
lock in period : 3 years

now in 4th year


do i need to write a letter and ask HL bank for redemption statement?

This post has been edited by renodiy: May 23 2015, 09:53 PM

Yes.

any format or a just a simple letter?

after that how will the property discharge be done? bank appointed lawyer?

Just a simple letter clearly stating your intention will do.
If you have any lawyer which you want to appoint to handle the discharge matter, just let them know. Else, they may let you to select the lawyer (or they decide it for you) to do the necessary.

Exactly and buying residential properties in the present times could offer good cost benefits in future to a buyer who can now purchase a dream home at much affordable price.Recently the prices of real estate have come down thereby creating a luring opportunity for the property buyers to look out for investment in a dream home .

hi.. need some clarification on this, I plan to refinance my house.. from.. so indicative valuation is 680k..

i need to know th effect of cash out portion for my next property purchase..

Example if I settle my current mortage it would reflect as below:

earlier mortage value, 322k.. so 90% of 680k.. would be 612k... so the breakdown as pe below...

Property 1
Loan 1 - Settle to Bank A - 304k (calculation of new loan = at 4.4% for 30 years = 1612)
Loan 2 - Cash out from Bank B 308k- (calculation of new loan cash out portion = 308k at 4.4% for 10 years = 3177 but if I take 30 years it become 1524..

So when buying the next property.. will the new bank..let say bank C.. see this as 4789(1612+3177) or 3136(1612+1524)?

this is the part I am stuck...

Bank C should use the actual monthly repayments of your loan from Bank B as basis for its calculation (though for Bank B it may use 10 yrs as basis of calculation for DSR but with actual 30 year loan tenure).

Thanks Jasoncat for your valuable response...

No prob. Wish you luck.

Hi, may I know whether the interest rate for house & shop lot are different?
Actually I intend to refinance my house (fully settled) and use them to settle my shop loan - (bal: 300k). & normally how many years refinancing would be available?

Hi All,

Can you tell me which bank gives best package currently for housing loan 700K plus?
Need to decide soon..please help