Hi All,

I am in the midst of considering which bank loan package at the moment for my first house. I have applied for many banks (Not all of them) via contact from my agent so far, three replied but not much detail I got here cause I wasn't sure what is the correct questions/checklist when looking at the loan package. Three more banks pending due to their internal arrangement. Anyone kind to guide me where or what to check in mortgage offer letter? Such as MRTA (Some included some are not), Flexi / Semi-flexi. I understand about the BR and Spread terminology, but not different kind of packages.

Thanks.

This post has been edited by WallChecker: Feb 22 2015, 12:19 AM

Hi All,

Seeking some expert advice here as I got offered from few banks so far:-

Bank A: 3.65 + 0.90 = 4.45 (MOF: 90%, Tenure: 35 Years) + Sum $ MRTA
Bank B: 3.99 + 0.41 = 4.40 (MOF: 90%, Tenure: 35 Years) *No MRTA included
Bank C: 4.02 + 0.43 = 4.45 (MOF: 90%+5%, Tenure: 35 Years) + Sum $ MRTA

I am still waiting for another two banks but it seems that they may take quite long time to get back to me. Thanks.

Edit: Thanks Jasoncat on your earlier advise.

This post has been edited by WallChecker: Feb 25 2015, 11:03 PM

I see.. At the moment I am attracted with the lower interest as well. As this is my first home, I am really trying to consider whichever factors that affecting present and future. Thanks, Jasoncat.

I google-d on MLTA vs. MRTA, and MLTA sounds good. But I have to let go considering my current financials post to my loan installment started. Thanks, ims2628.

This post has been edited by WallChecker: Feb 26 2015, 01:17 AM