Normally the free SPA will not cover the stamp duty on the property which you must pay once the property is completed to transfer the ownership from master title to strata or individual title, thus you can still benefit from it by getting discounts on the stamp duty from the government on the SPA.

Are you talking about financing 100% of your loan? Whatever extra you get from the bank will be handed to you, so I do not see any reasons why not to get the scheme if you can get it, and if you need the extra cash. The free legal fees for the SPA can include stamp duty as well, but it depends on the developer since for most first-time house buyers they would qualify for the 100% rebate of the first RM300k agreement size's stamp duty. You would have to ask.

Joint with friend is no no.

I've seen my disputes with my own eyes when friendship turned sour.

Do-able yes. Advisable - NO.

Don't apply for 100% loan btw. Much higher interests compared to conventional funding.

4.25% for average customer Vs 4.6% or more for 100% loan.

The difference could be huge!

Huh, I thought I read it that he mentioned "Thinking to buy a property in KL", how come end up the property in Bangladesh ?

He has a lot of clarification to do. Too confusing.
Taking joint loan with a friend is possible but no recommended as what chiahau mentioned about things going wrong and you get tons of headache.

Especially if either one of you passes away while serving the loan.

And yes 100% loan will not only get you higher interest rate charged but also more interest payable in the long term since you borrowed more money in the long run.

Exemption will be up to the first 300k only. So it depends on the price of the property that you're buying.

Yes it is possible, but as @Chiahau said, I would not recommend it. The least of a relationship that I would suggest is fiance/fiancee.

I may have different experience with other brokers, but 100% do not necessarily have higher rates than normal 90% loans. 100% is just the bank giving 90% plus 10% that is being capital guaranteed by CGC, a cooperation (government owned, run like a private entity)

You can always apply for the 100% loan, and then decide later on if you want to take it or not after looking at the offer
No necessarily, when BNM changes the OPR, the banks will/may decide on their own to change their own BR/BLR. Some banks are slower than the others. Maybank has been very quick to adopt to OPR changes though
Yeah, asking for settlement amount from the vendor's bank does take a while, 1 month is a bit long, but it is not impossible. Don't worry about penalties, your lawyer will have kept the sent-received mail dates to protect you from incurring penalties.

OCBC rates are quite OK. Prior to the BR reduction, about 4.41% for 500k and above.
It depends, if it is under schedule H (checkout the HDA), the the loan would be tagged as a residential loan thus the 90% margin applies, just like any other residential units. The 85% margin limit for commercial loans are set by the banks themselves, to reduce their exposure to "investment" properties.

Between the developers' sales agent who will help you processing the loan, and the subsales agent, I would trust the developers' sales agent because those projects are their own.

It is not unheard of that subsale agents would sway the purchaser into buying their own units by downplaying the competition - for some the 5% difference between 90% and 85% is a huge factor.

Investment properties carry with the higher risks, and are defaulted more often than own-use residential.

instead of rushing to buy a property and take up a long term commitment which is risky for you at the moment, consider renting first until you find a more suitable solution for yourself as renting would not tie you down.
rates with foreign banks are not really that bad, especially for my OCBC clients recently.

First 2 years 4.1% and thereafter 4.18% subject to customer scoring
depends if the project is under HDA or not. if yes then it's up to 90% depending on the bank.

Hi guys, I tried to search elsewhere but couldn’t get any accurate answer. Does anyone know or had experience before that bank will perform another round of credit check before loan disbursements? My ccris does now show any late payment flag but my credit utilization might have increased due to my recent purchase. Not sure if this will affect the loan disbursements

Haven't gotten my offer letter yet. But the PBB banker said probably 3.8%

Hi sir, you seem to be knowledgeable in this matter so can I ask..

if I want a full flexi loan where if I park more money in the account, the monthly installment/deduction is reduced (instead of fix monthly repayment where more will be towards principal), what bank offers that product ya ?

AFAIK, MBB, CIMB can.
PBB and RHB don't have.

Any other banks can offer that facility with <4.0% interest rate ah ?

Total Loan Amount: RM 777,983
Loan Amount: RM 749,700
MRTA : RM 28,283
Loan Margin : 90%
Tenure : 25 year
Interest Rate : 3.96%
Monthly Instalment : RM 4,090

considered not very good rite?

Yup, I am sure because that is what we have currently with CIMB Home Flexi but the current interest is 4.5% (signed in 2018). Confirmed yesterday after talking to a CIMB banker that that is the case, currently lowest can get is 4.15%. It is as what you said, more money into account reduces the interest, but in this case it is reducing the interest portion of the monthly installment. This type of flexi loan doesn't shorten tenure, but gives you more cashflow monthly.

Others like PBB and RHB's full flexi loan fixes the monthly payment, but pays more towards the principal if you put more money in the account, whilst shortening the loan tenure.

Maybank's semi-flexi loan is similar to CIMB's, whereby additional payments will reduce the monthly payment, but its a semi-flexi loan. Meaning redrawals/withdrawals need to do over the counter, take few days and got like RM25 charge per transaction.
I believe UOB Combo Mortgage Loan can do like CIMB also, but its not my developer's panel so didnt ask about it.

MBB flexi additional payment is reducing interest rite? not payment if i not mistaken. i have taken flexi mbb also but now under construction. additional payment wont save interest also as per banker. need wait till VP then only can save interest if put in extra payment

You have comprehension problem

lol receive offer from cimb, 4.25 crazy.

hlb offer 3.85%. this was last month.