Some banks 15 years some banks 10 years.

Try asking for 10 years coverage and see, try not to request for shortest/lowest coverage right off the bat.

Hey guys, I've been looking around to find banks willing to re-mortgage my unit that is fully paid off but so far only get feedback with unfavourable terms, such as calculate DSR based on 10 years so can only get very low loan amount.

Some of my details below:
- own 3 properties
- 2 under loan, 1 fully paid off

Now I am looking to refinance / remortgage the fully paid off property. Any bankers can intro?

Thanks.

Hi lifebalance, UPGM. Thanks

Let's say I am buying a RM100,000 house. I have RM100,000 cash to buy the house but I don't want to tie up my money in the house. Instead of paying cash for the house, I opt to take a loan instead (in other words, I prefer to have liquidity), so what type of loan should I get? and which bank is better?

Hi sad boi, mind sharing your banker's contact? interest to apply for maybank full flexi

It's the first one, my banker confirmed this with me.

i.e. in your case, loan amount 1mil, client place 1mil into current account, max saving is 1mil * 70% only.

100k.

70% means can go up to 700k principal savings, meaning if you put 900k, the bank will still charge you interest based on 300k.