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?

Has the house ownership allocated to each one of you? If yes, then you may apply loan to purchase it.

You should be entitled for full stamp duty if you're first home buyer and house value less than 1 mil (til end of year)

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?

loan amount? i am getting 2.95 only

Dear sifu, is there any bank offer to take up 1 million mortgage loan and upgrade your banking status to premier account?

Yes, i comparing SCB n HLB, both bank accept my housing loan but giving different offer:

SCB slight higher rate, but offer to premier banking status

HLB lower rate. No extra

I understand bank will change their criteria anytime, so in long run take the lower rate is better?

Yes, around that figure. Lower rate is better?

Question: Is Mortgage life insurance MRTA or MLTA Compulsory for bank loan?

with insurance 2.95% interest rate
without insurance 3.2% interest rate
is it true?

Hi all Sifus,

I would like to ask abt the HOC 2020, what will be exempted actually? Im not very well aware before, as i also 1st time to get a home loan now.

So, i have a quotation from a bank on my loan application. The loan breaks into, 90% margin + loan legal fees + mrtt.

So for mrtt, i understand as it quite mandatory in my opinion nowadays. But, loan legal fees? I thought it will be exempted under HOC 2020?

My developer claim its a HOC project. They will cover on SPA & MOT only on developer side.

In addition, i have to pay rm 500 for MOT registration. Oh yaa the project im interested is less than 1 million.

Appreciate all of you can enlighten me. Thank you

Is the following loan rate at a higher side for current market?

Amount Rm930,000
Rate 3.2%

My impression is that the average rate is at about 3.1% currently.

Bank officer says I need to physically go see her for the loan offer letter. Can’t send electronically. Now is cmco, I can’t go.

I want to study the t&c before signing. I’d prefer to have a copy given to me.

Is this normal or not?

Did they grant the request to read it?

Because mine says it is P&C so can’t send electronically. Which is dumb cause this is a document involving me so how is it confidential for me to have a copy???

which bank is offering low interest rate? anyone know mbb or cimb interest rate with about rm500k housing loan.

Why is that yea? I also got 2.95% from RHB and Maybank, CIMB was 0.05% more.

This is my personal experience why I'm going for RHB. Public bank deal is good if you dont dump cash.

Public Bank Full Flexi:
70% set off interest on extra prepayment amount
Example loan 500k, put in 100k extra prepayment, will minus 70k (70% x 100k)  and use balance 430k to calculate as interest
No Withdrawal fee on extra prepayment
RM10 monthly maintenance fee
RM200 set up fee

Similarly, full flexi in RHB, Slightly higher interest rate 2.95% but 100% principal reduction. No withdrawal fee, No setup fee.

But I was notified that in RHB you wont be able to enjoy interest reduction during construction. Cash dumped in during construction, cannot redraw. (Appreciate if someone could validate this)

Another update i got from RHB, extra money dumped into the principle prepayment account will enjoy interest reduction during construction period BUT you can only withdraw the money once the loan is fully disbursed.

Is that right? 500k and 700k are correct. For 100k (to 350k of your examples) only 70% is used to suppress interest meaning interest counted will be on the balance 430k. This is what PBB officer told me. I may be wrong.

Any idea what is the lowest flexi loan rate in town? I read somewhere back in this thread Standard Chartered offering BR + 0.37% which equals 2.74% now? Any truth to it?

Loan amount around 450k, looking to refinance for better rate. No need top-up / extra drawdown, just want flexi loan.

i got offer of 2.89% from UOB, but the catch is 4.5% of MRTA from the loan amount... maybe my age is older..haha...

my SnP price is only 228k... loan is 205K + MRTA 9.5k (153k 15 yrs)

Any sifu can advice here is the deal below good to take? Many thanks.

Alliance Bank
Loan amount - RM673,032(included 25k MLTA)
Tenure - 35 years
Rate - 3.0% (after appeal)