Hi All,

Does advance payment reduce interest rate for HLB?

Thank you.

I received offers from 2 banks regarding my housing loan. I'd like to seek an opinion of which is the better option.

Maybank
Loan amount : RM301k++ (inclusive of 5 year MRTA)
Monthly installment : RM1,370 (across 35 years)
Rate : 4.2% [BR + 1.20% p.a.]
HSBC
Loan amount : RM258k (no MRTA required)
Monthly installment : RM1,174 (across 35 years)
Rate : 4.2% [BR + 0.56% p.a.]

Any opinion is greatly appreciated, thank you.

But to reduce principal, if i need fund urgently later, can i still withdraw? But HLB branch has confirmed advance payment will reduce the interest.

Dear Sifus,

Would like to ask an opinion with regards of my financial standings

Age 35 year
Non smoker

Aim - clear 2 loan (PTPTN & Car Loan) and clear some cash
Plan - refinance house (Loan 1), current market value 350K

Current salary ~ 7K (nett)

3 property loan, all rented
[Loan - Amount Taken, Pending Loan Amount; Interest rate, Monthly paid, Term, Income]

Loan 1 - 140K Pending 82K; 4.55% PBE; ~850/month, 20 years, rented 1k/month
Loan 2 - 328K Pending 296K; 4.55% BSN; 1700/month, 35 years; rented 1.7/month
Loan 3 - 278K Pending 277K; 4.35% PBE (still in Lock in period); 1350/month, 35 years, rented 1.2k/month

PTPTN Loan 120K Pending 58K; 600/month
Car Loan 85K Pending 66K; 1K/month

I came up with a few scenario

Options 1
PBE to refinance the Loan 1, however i was told could top up the loan only (roughly comes to 170K, max term of 20 year) which in turn makes no sense to me as the monthly repayment would be back to the same with PTPTN + Car Loan (with an additional cost of lawyer and documents fees)

Options 2,
Approach other bank like Maybank. MBB told me current rate is 4.35% with a possible 35 years with compulsory MRTA with MBB.
*Was reading thread and noted some member getting 4.15% to 4.2%, is this possible?*

Options 3,
It is possible for me to refinance my parents property with their consent (current market value ~ 800k to be refinanced, so i can clear Loan 1 + 2 + PTPTN + Car Loan).

Which options is feasible? Any advise sifus?

Hi guys, i need your advice on this matter cause i really had no idea what to do now.

I'm not aware that developer has selected specific branch as their panel (because i thought panel bank was meant to be any branch within the bank) and agent did not tell me (even i told him which branch I'm getting the loan from) so i went and proceed to obtain a loan in MBB- BK branch and sign the LO on Friday morning and was told by the agent that developer only told them regarding this matter today. They ask me to withdraw my loan from MBB- BK and apply it with MBB - TTDI. If not I'll have to bear the legal fee, SPA and MOT. At the same time, if I withdraw it from BK Branch, i will have to bear the amount of RM2,200. Should i bear the RM2,200 solely?

Loan RM580K. 30 years.
First time buyer. Sole owner.

MBB full flexi islamic
without MRTA/MRTT
4.2%

CIMB semi flexi
MRTA
4.35%

RHB full flexi
MRTA
4.2%

which is the “best” option?
im not muslim though.
what else do i need to take note?

Hi guys, appreciate it if I can get some advice here.

Currently, I have a joint housing loan with my dad to build his house (completed recetly), loan serviced by him, only used my name and docs to get approval, not sure if I'm the guarantor or it's a joint loan, checking with the previous bank officer on this. So, was thinking, if I'm the guarantor, is the monthly payment counted into my dsr calculation when I'm applying for a housing loan?

Also, currently in the midst of changing job (joining end of this week, change from contract to permanent), is it better to start at the new company first then only apply for the loan? Since I will just join, the dsr calculation, will it still based on my previous pay?

And, how do they usually calculate for pay in Sgd? Currently working and staying in sg, buying prop at JB, 457k, loaning 411k.
Age:30
Salary:5800

Thanks in advance!

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?

Hi all,

I am considering to take a loan for my first house.

Initially I plan to grab BNM fund for affordable housing (up to 100% loan with 3.5% & 40y tenure), but it was fully utilized for the panel banks under the under-con project.

My question is, if I still proceed to apply for loan, after getting loan offer from the bankers, is it still possible for me to turn down the offer if I find not feasible and canceling the booking? What might be the other risks beside penalty on the booking fee I paid?

Edit: added some words

U mean existing MLTA? Or the new refinance loan?

Hi,
I'm planning to refinance my current house in JB and understand there is a need to engage bank valuater to find out my current property value.
So if i approach 3 banks (compare the interest offered), does it mean i need to pay 3 times for the valuation fee?

Appreciate your advise...

Just asking,

Can we claim back MRTT money once we completely payoff loan settlement?

If yes, how long it will take after we send back surrender policy form?

So far, still waiting after 1 month & yet, have not receive it.

Thanks.

Hi all, if i have a house worth 400k, but loan was 200k. After serving 5 years of instalment, i need more money for other investment, possible to top up loan with same bank to get loan for 90% of current market value?

Thanks.

Is it a good time applying home loan now or better to wait for 01 Jan 2020?
Or it doesnt matter actually?
Thanks.

Hi guys, I have a question regarding Mortgage Financing; Base Rate aka BR.

Say if bank A offer BR 3.99 + 0.41 = 4.40% while bank B offer 3.50 + 0.90 = 4.40%. Since the ELR are the same, should I choose bank A or bank B?

Can anyone enlighten me whether we should go with lower BR or higher BR? And why?

Your explanation is incorrect; As BNM increases the OPR overtime the banks will adjust BR accordingly

Bank A :BR 3.99(+0.1) + 0.41 = 4.40% > 4.50%
bank B :BR 3.50(+0.1) + 0.90 = 4.40% > 4.50%

Clearly the question asked was comparing on variable rates offered by 2 banks. In which point of question was he referring to fixed rate loans?

guys, i already have 2 housing loan under my name. now wanna buy another apartment. still possible for me to get 90% loan?

Hi would like to know now my property loan 167k latest rate 4.45. Balance 156k. Current property value 260k (neighbor sold last month). Now what is current rate bank offer? might want to refinance.

Income rm2000
Want to buy a house value: rm385k
Fd and ansb:rm400k
Want to loan 70%. Do you think loan can approve?

42

2k income nett can get approval 70% loan.

Anyway to get bank loan for RM700k?
Fixed Salary = RM5k
Car Loan = RM1.7k
Extra Income per month not reported (Part Time) = RM5K per month
FD: rm160K

Hi sifus.. What is the benefit of me taking a flexi/ semi flexi vs a normal housing loan? A little confused here hope to seek some enlightenment.

Thanks!

Is it possible to convert a 90% loan to 70% loan so I free up my quota to upgrade my home at 90% loan? Or do I have to refinance? I'm with cimb