Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 Dec 1 2018, 04:44 PM
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#1
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Junior Member
188 posts Joined: Jan 2008  
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Hi, if i have a low DSR, will bank still ask to see my savings?
If so, whats the saving amount they are satisfied with for a loan of RM 1 mil? Im working overseas and i only have a home loan rm150k in Malaysia. No cc debts or anything. |
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Dec 5 2018, 07:11 PM
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#2
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Junior Member
188 posts Joined: Jan 2008
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Hi,
Just got a reply from my banker. He said the bank only approved 80% financing for me because of slash margin on that particular project i am planning to buy, nothing to do with my profile. Is there something like that? Is there still possibility for me to get 90% financing from other banks? |
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Dec 28 2018, 10:10 AM
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#3
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Junior Member
188 posts Joined: Jan 2008
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Hi all,
Got this offer from UOB. Total Loan is 1087552 ( loan rm 1037790+ mrta 49726) Interest rate:4.5% 1) is this offer ok? 2) should i get mlta or mrta? |
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Dec 28 2018, 12:33 PM
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#4
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Junior Member
188 posts Joined: Jan 2008
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QUOTE(lifebalance @ Dec 28 2018, 10:12 AM) looks good, market rate about 4.4% on the lowest Thanks bro. MLTA  QUOTE(wild_card_my @ Dec 28 2018, 10:27 AM) 1. This offer is ok. For 1m the best offer is 4.35-4.4% Thanks for the explanation. 2. Whether or not you need to take MRTA/MLTA depends entirely on your objective. If you ask an insurance agent obviously he would prefer that you take MLTA due to the opportunity to offer you, a prospect, a product of his own. For example, UOB cannot finance MRTA offered by AIA (I believe Great Eastern is their insurance provider), so an AIA agent would recommend that you opt for MLTA. MRTA has its purposes, depending on your needs, it can be cheaper to opt for this. Remember, this is a 35-year long contract that you are signing, only you know what's best for yourself. An insurance agent (which I incidentally am as well, to be transparent about this) would decide what is best for him (his commissions). It is not wrong to entice people/prospects to prop up the sales numbers, but it is best to furnish the recommendations with proper arguments. Bro, just additional question, mine is a semi flexi account. And right now, assuming i accept it and sign the snp, i will only be charged interest only until construction completes. So during this period, say my interest is 1k. Can i pay more than 1k to reduce the principle? Or this method only applies when the construction completed? |
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Jan 7 2019, 08:03 AM
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#5
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Junior Member
188 posts Joined: Jan 2008
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Hi all,
In one of the clause in my LO by UOB, it says: "You can prepay the facility subject to the Facility has been fully disbursed" How I understand this is that during the construction period until, say VP, I cant pay more to reduce my outstanding principal amount, even though my Home Loan is a semi-flexi home loan? So say my house is expected to complete in 2022, I can only pay extra to reduce the principal amount only in 2022? Just to add on, i asked the Loan agent and he said i cant prepay. Is this normal? This post has been edited by adrianteo: Jan 7 2019, 08:07 AM |
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May 11 2019, 02:19 PM
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#6
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Junior Member
188 posts Joined: Jan 2008
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Hi guys, does anyone has news about UOB new BR?
Try to search around but still no news till today... |
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May 14 2019, 06:06 AM
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#7
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Junior Member
188 posts Joined: Jan 2008
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QUOTE(Giant @ May 13 2019, 04:03 PM)  UOB not going to lower for the rest of the year  What she meant is that OPR is expected to remain the same for the year. I stand corrected. |
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May 15 2019, 07:42 AM
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#8
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Junior Member
188 posts Joined: Jan 2008
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UOB revised BR to 3.85%. Previously was 4.11, a drop of 0.25%.
https://www1.uob.com.my/personal/announcement.page |
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Nov 12 2019, 11:20 AM
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#9
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Junior Member
188 posts Joined: Jan 2008
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Hi all, appreciate your advice on this situation.
I have 1 housing loan, started around 5 years ago. Loan amount: RM 143k Interest rate: 4.7% (after recent BR reduction) Outstanding amount: RM 136k Loan type: Call up RHB and was told its Flexi Home Loan Question: is it better to go for refinance as the interest is quite high? |
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May 13 2020, 01:28 PM
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#10
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Junior Member
188 posts Joined: Jan 2008
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Hi, anyone here has UOB loan? The base rate till now has not changed ever since BNM reduced the OPR?
Any idea why or they don't plan to reduce the BR? Asked my banker and he is as useless as usual. Called the contact centre and no help at all. This post has been edited by adrianteo: May 13 2020, 01:29 PM |
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