Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
|
|
 Dec 18 2019, 04:20 AM
Return to original view | Post
#1
|
 
Junior Member
81 posts Joined: May 2007  
|
Hi all sifu I’m planing for refinance but the house and loan is joint name between me and my mother, the loan still on going, is it possible refinance just under my name coz my mum no income.
I wan to ask that refinance also require to buy MRTA or MLTA? and which I need to choose for? |
|
|
|
|
|
Dec 18 2019, 04:06 PM
Return to original view | IPv6 | Post
#2
|
|
Junior Member
81 posts Joined: May 2007
|
QUOTE(lifebalance @ Dec 18 2019, 09:54 AM) Either way still provides you the coverage but MLTA will be cheaper long run  |
|
|
Dec 18 2019, 04:09 PM
Return to original view | IPv6 | Post
#3
|
|
Junior Member
81 posts Joined: May 2007
|
QUOTE(Mr.Sea @ Dec 18 2019, 11:01 AM) Yes you can do it only under your name. U mean existing MLTA? Or the new refinance loan?Yes you will have to purchase insurance coverage. But if already have MLTA sufficient to cover loan amount then no need. |
|
|
Dec 19 2019, 04:16 AM
Return to original view | Post
#4
|
|
Junior Member
81 posts Joined: May 2007
|
QUOTE(Mr.Sea @ Dec 18 2019, 05:31 PM) If you have existing MLTA coverage for the home loan now, when refinance no need to take if the the coverage is enough I just found out mind is MRTA on existing loan...Example Current original loan 500k MLTA coverage 500k Current loan balance 300k New refinanced loan is 450k Your MLTA coverage 500k is enough already to cover your new refinance loan of 450k. Only works with MLTA. Not MRTA |
|
|
Feb 25 2020, 12:47 AM
Return to original view | Post
#5
|
|
Junior Member
81 posts Joined: May 2007
|
hi i wan to ask about Maybank Commodity Murabahah Home Financing-i, I heard that the interest rate will be fixed although the BR decrease and it cant put extra money in principle acc for reduce interest rate.
I which to know tat pro and con compare with convential and islanmic bank loan? anyway my offer getting is 1. MBB(islamic) 305k 3.97% 30 years 2. PBB 230K 4.15% 15 years I will settle my loan early wont following the loan period. This post has been edited by Jau: Feb 25 2020, 01:00 AM |
|
|
Feb 27 2020, 04:18 PM
Return to original view | IPv6 | Post
#6
|
|
Junior Member
81 posts Joined: May 2007
|
Actually pbb and mbb which hv better advantages in term of fees, hidden charges, late charges, interest rate decrease or increase and etc...
|
| Change to: |  0.0480sec
 0.88
 7 queries
 GZIP Disabled
Time is now: 16th December 2025 - 03:34 PM |
Quote