I have an offer from MBB where they allow advance payment - all money I channel in will 100% direct to reduce principal.

In this case, should MRTA be financed into loan together or it's still better to pay lump sum separately to avoid interest? I can afford to pay the MRTA upfront but just wondering if I should instead channel the funds into reducing the principal loan amount.

Hi , i would like to ask about purchasing the house from my parent , what is the procedure without involving agent ?
There is outstanding so i wish to loan the outstanding amount and parent wish to to transfer the property name under me.
Any sifu able to point out the step to start the loan process and name transfer ?

So i just find a lawyer and do i need to go to bank and apply the loan as well ?

hi any bankers here can pls pm me. 

Im selling a house in PJ but 2 buyers so far said their bank cannot give loan as valuation cannot match my asking price, which I think is quite competitive for current market.

Would like to know who/which bank can give me the required valuation then i can ask my buyer to contact you directly

Kindly PM if you can help, in view of my buyer potentially being your customer. TIA

Ok let me clarify.  This is an area where transactions are very limited as they rarely come up for sale.  The 2 buyers valuation is Std Chart 460k and aRHB 480k.   Now, current units for sale is one for asking 1.5mill (4.3k sq ft LA & renovated) and mine 3500 sq ft LA not renovated.  The taman beside mine one unit facing T junction 2.8k sq ft LA (around there) asking 900k.

So the difference is quite a lot which may be that the buyers dont have decent bankers, hence why im asking so when i get the next buyer Im prepared and can straight pass them your contact and they can deal with you on the loan processing directly. Its a win-win situation im trying to create, nothing about why a seller should help.

If can then do PM. thx

Hi guys, need your advice:

I have 2 bank loan offer and I'm not sure on which one is the next option. My loan amount is RM477,000.

1. RHB
- 2.85%
- full flexi with NO set up cost and withdrawal fee etc
- mrta premium higher (RM9756 for 18 years minimum to get this best % rate)
-loan tenure 35 years

2. UOB
- 2.8%
- semi flexi
- mrta premium cheaper (RM8,686 for 15 years minimum)
- loan tenure: 34 years

I was told by RHB banker that local bank Base Rate is more stable than foreign bank, so she suggested me to take up RHB even though the interest rate is higher than UOB by 0.05%.

Any view on this? Thanks in advance.

Hi, my question is not on mrta.

I am concerned on the validity made by the RHB banker - local bank Base Rate is stable than foreign bank. Is this true?

Which bank allows me to apply housing loan online? I just want to know the eligible amount I can borrow base on my salary.

Good day all gurus, last Friday my loan for a sub-sale property had disbursed and wondering how soon would I get my key?

Subsale can partial disbursement meh?

Hi mini orchard, thanks for helping again! It's full disbursement.

Should I be worried if lawyer didn’t notify the seller yet? Because my lawyer said they only notify seller whenever they see the money already in their account. I knew the disbursement through my online banking stated that money had been released last Friday.

Just worry the seller delay to vacant the place and handover

Hi newbie here,

I've been offered a home loan package with 90% loan amount , 2.85% interest and CLTA 2% of my property value.

I wanted to ask can we actually still negotiate with the banker for lower rate or lower CLTA insured amount ?

Is true now everyone rush for HOC? My loan still pending. Atmost 2 weeks. Banker say because many rush HOC and staff onleave. CIMB

Hi all bankers and sifus,

I’m  with my girlfriend trying to get loan for my first house. We plan to buy double storey KL.

Property price: 900k second double storey
Loan:hope to get 90%
Credit card: clear off every month no outstanding
Age: 28(me) 25(she)
Year of our business: 2year plus
Net income:
Enterprise profit
Year 2019 - 99k - rm4200 monthly profit /person
Year 2020 -135k - rm5600 monthly profit/person
All sale and expenses got transaction in our account
We also got submit our income to LHDN for year 2019&2020
Monthly saving around 4k - 6k
Occupation: morning market hawker
-we operate our business under our partnership enterprise
-profit by sharing in business enterprise account
-ssm 2year ++
Commitment :
For me: ptptn rm250 /left 13 year

Every month clear no outstanding
She : no commitment
Marital status : single
Currently : rent house rm1500 per month

Is our profile able get a loan for our 1st house purchase? What would be the loan margin and loan tenure? How much we need to prepare in order to buy second hand double storey with price 900k?Thanks for the advice

It is big chance to get 90% loan?

Hi guys, just a follow up with my previous post. I had my loan for subsale house released on 17th December and is it reasonable that lawyer say might be able to arrange handover only next year Jan? Reason being they didn’t notify the seller to move out and caused delay in the process of handover.

My lawyer had been very passive and rude all this while and need constantly call them to ask what’s going on.

I believe the money still with the lawyer firm.

They just told me to wait for seller and never mentioned about the exact date or delay compensation.

It's been 10 days since the money release to their lawyer firm.

Is there any firm action or assertion that I can do since my lawyer just ignore my message or call most of the time.

Thanks for such clear explanation, mini orchard!

The execution of SnP should be due in 3 months but everything was settled in roughly about 2.5 months.

Seemed like no hope for this case as the lawyer that I appointed was very rude and I never personally see her until today.

I not able to speak to her as well as she doesn't disclose her phone number to client and won't call you even requested. Damn, not even knowing her name..

So far from A to Z, I can only deal with her "admin staff".

I bought the house from an agent that I only talk with him once for 5-10 minutes during the visit of house.

Recently called him to ask when could the seller handover the key but his answer was "give seller some time to move since seller doesn't charge you interest". He thought I was the one need to pay penalty interest instead.

Thanks once again, I believe I could just wait patiently until next year 

Thanks mini orchard for the quick tips, will call up the agent to see whether he's willing to help or disclose the owner's contact so it would be easier than passing the word indefinitely.