Mortgage Loan Package Inquiries

Lowyat.NET forums

Lowyat.NET Kopitiam Garage Sales

Lowyat.NET Rules and Regulations FAQ Help Search Members

Welcome Guest ( Log In | Register )

Lowyat.NET -> Property Talk

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

views

Pain4UrsinZ	Jan 29 2017, 04:15 PM Return to original view \| Post #1
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	hello, For 520 K sub sales first home buyer, how much do i need to prepare ? can get 100% government loan ?
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Jan 29 2017, 07:12 PM Return to original view \| Post #2
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	QUOTE(lifebalance @ Jan 29 2017, 06:37 PM) Eligibility Individuals aged 18 years to 40 years only Malaysian citizen only First time home buyer only Single borrower/customer gross income not exceeding RM5,000/month Joint obligors gross household income not exceeding RM10,000/month (based on gross maximum income of RM5,000/month per obligor) Payment amount must not be more than 1/3 of monthly income Business owners/directors/partners/sole-proprietorship are not allowed Property value from RM100,000 - RM500,000 You'll need to fulfill all these criteria for 100% loan Eligibility Individuals aged 18 years to 40 years only Malaysian citizen only First time home buyer only Single borrower/customer gross income not exceeding RM5,000/month Joint obligors gross household income not exceeding RM10,000/month (based on gross maximum income of RM5,000/month per obligor) Payment amount must not be more than 1/3 of monthly income Business owners/directors/partners/sole-proprietorship are not allowed Property value from RM100,000 - RM500,000 Aside from that you'll need to prepare 10% payment as deposit (52k) + 5% of 520k for SNP and Loan agreement (26k) You can provide me the following info to check if you're eligible for the loan Age Gross pay Nett pay ASB Rental Income Bonus 2014 2015 2016 Commitment House Car Credit card outstanding Personal Loan PTPTN no government loan 100% ?
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Mar 4 2017, 03:04 PM Return to original view \| Post #3
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	maybank
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Mar 11 2017, 05:44 PM Return to original view \| Post #4
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	hello, gross income 5k, net about 4.4k. Government servant , dont have any credit record like credit card and other loan. want to loan 270k, 25 years semi flexi. High chance to get approval ?
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Mar 14 2017, 06:05 PM Return to original view \| Post #5
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	hi guys, i got offered from banks loan 270k for 25 years. Both also same rate: Bank A : BR 3.90 + 0.45 % Bank B : BR 3.00 + 1.35 % which one should i take ? how do we look at the BR ? This post has been edited by Pain4UrsinZ: Mar 14 2017, 06:06 PM
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Mar 14 2017, 07:04 PM Return to original view \| Post #6
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	QUOTE(lifebalance @ Mar 14 2017, 06:15 PM) No I've repeated a lot of times in here. Just look into the ELR. If both are the same then compare into the following 1. Online service 2. Location of branches around you 3. Fees and charges so since after BLR changed to BR, we do not need to worry about economy/market inflation, volatile and OPR will impact our loan rate ?
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Apr 13 2017, 10:06 PM Return to original view \| Post #7
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	» Click to show Spoiler - click again to hide... « QUOTE(Madgeniusfigo @ Apr 12 2017, 05:36 PM) Hey there! Undercon Spa : signing SPA WITHIN 2 WEEKS AFTER booking from signing, can extend. need to talk to developer Loan legal fee : this is when you signed letter offer for loan, then bank executed Letter instruction to the lawyer, and spa signed. Only you will sign the loan agreement. above will take 1-2 weeks from loan approval However, spa signing sometimes developer will delay etc.. so there's no fixed timing for this, put it as 1-3 weeks as an estimation Stamp duty on MOT: estimation around VP, completion of project 1-3 years timing Loan execution : Loan execution depends when developer signed the SPA and Loan agreement. subjective timing, as depends on developer when gonna sign. Loan disbursed : this will disbursed according to progressive table scheduled. first loan disbursement on the first 15%. Execution of this will depends on the developement progress on pilling. when loan approved executed the loan, project has reach stage 2. then money will disburse around 1 months ++ , subjective CODE 1) 10% Downpayment 2) 15% stg 2a (Pilling / below ground works) 3) 10% stg 2b (Concrete slab for your unit 4) 10% stg 2c (bricks wall) 5) 10%stg 2d (internal piping and wiring) 6) 10% stg 2e (internal and external wall plastering 7) 5% stg 2f (sewerage serving the building) 8) 5% stg 2g (drainage serving the building) 9) 5% stg 2h (Road serving the building) 10) another 20% upon VP (splits down to 12.5+5+2.5) Cheers Dear klsooo, 1. Yes, first house for RM500K loan stamp duty waiver by RM1500 SPA stamp duty waiver by RM5000 per 2017 2. However, your valuation 700k, spa charges will be accordance to this. except =X 3. Any more inquiry, let me know Cheeers 3) 10% stg 2b (Concrete slab for your unit if the unit at very high floor what does it mean ? serve more or less interest ?
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	May 8 2017, 09:44 PM Return to original view \| Post #8
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	hi guys, i have signed SPA and made full payment for all fee. Lawyer saying that they are working on: "proceeding with the loan documents and procuring all the relevant confirmations and undertakings from Developer, Master Chargee and Bank and compiling all drawdown documents." anyone know how long would this take? Now i'm not sure whether i need to lock my money in Fixed deposit, as i'm taking Flexi loan, later suddenly need to cancel my fixed deposit then put it into flexi loan account.
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Oct 30 2017, 07:08 PM Return to original view \| Post #9
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	Hi All, regarding schedule of payment. is parking level 3 is consider as 2(a) the structural framework of the said Parcel ? my parcel is at level 28.
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Oct 30 2017, 07:28 PM Return to original view \| Post #10
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	QUOTE(lifebalance @ Oct 30 2017, 07:11 PM) Hmm don't think so, what was written in your agreement ? i'm referring to Schedule of Payment, installments Payable. 1) immediately upon signing of this Agreement 10% 2) within 30days after receipt from the vendor: (a) the work below ground level including piling and foundation of the said Building comprising the said Parcel 10% (b) the structural framework of the said Parcel 15% © the walls of the said Parcel with door and window frames placed in position 10% .....http://mypf.my/2016/11/02/malaysia-property-progressive-payment-schedule/ so is parking level consider as structural framework of the said Parcel ? now they built until level 3, my parcel is level 28. This post has been edited by Pain4UrsinZ: Oct 30 2017, 07:29 PM
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Oct 30 2017, 08:36 PM Return to original view \| Post #11
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	QUOTE(lifebalance @ Oct 30 2017, 08:06 PM) I would assume it's 2(b) on structural framework Yea well sometimes you want to enjoy free things you have to go with the developer lawyer, otherwise if you want someone to represent you, then you'll need to pay for the lawyer fees yea , what is structural framework ?
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Dec 30 2018, 10:09 PM Return to original view \| Post #12
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	Hi consultants, If want to buy a 800k condo from developer, is it possible to apply two types of loan ? my wife get 500k loan from LPPS (goverment loan), then i take 300K from private bank. got such thing ? This post has been edited by Pain4UrsinZ: Dec 30 2018, 10:10 PM
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Apr 26 2019, 03:57 PM Return to original view \| Post #13
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	M2U is showing my loan as "maybank conventional loan" but it is still semi flexi as i can see the interest payment lower when i put in money. is that normal and the same for everyone ?
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Apr 26 2019, 04:15 PM Return to original view \| Post #14
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	QUOTE(wild_card_my @ Apr 26 2019, 04:11 PM) I don't have MBB mortgage loans, but according to my MBB sales-banker associate, even for flexi, every single ringgit paid into the loan would be considered as advanced payment, without having to notify the bank. The only time you need to notify them is when you need to withdraw these advanced payments. Advanced payment means reducing principal loan?
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Nov 14 2022, 08:54 PM Return to original view \| Post #15
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	hi guys, how to know the principal offset % CAP for flexi loan ? why it is not stated in offer letter and facility agreement ? im using maybank semi flexi.
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Nov 15 2022, 06:45 PM Return to original view \| Post #16
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	QUOTE(lifebalance @ Nov 15 2022, 06:41 PM) If it's a flexi loan, then it'll have the capability. Your letter offer would have stated the term for prepayment. I checked offer letter and facilities agreement both didn't mention off set cap, I checked with Maybank agent she said no cap can 100% offset on interest.
Card PM	Report Top Like Quote Reply

Pain4UrsinZ	Oct 11 2025, 11:55 AM Return to original view \| Post #17
Regular Senior Member 1,856 posts Joined: Dec 2008 From: In The HELL FIRE	guys if take shorter tenure 25 vs 35 years, bank will give lower or higher rate? it is flexi anyway
Card PM	Report Top Like Quote Reply

« Next Oldest · Property Talk · Next Newest »

Add Reply Options

Change to:

0.2390sec

0.82

7 queries

GZIP Disabled
Time is now: 2nd December 2025 - 01:55 PM

All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)

Removal Request

Powered by Invision Power Board © 2025 IPS, Inc.