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Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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bagok
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 Aug 17 2015, 07:49 PM
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Getting Started
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Hi
I need your guys opinion. I in the midst of purchasing my second house which cost 800k ( superlink ). My loan had been approve.Due to current economy situation, should i proceed with this purchase or hold until our economy recover.
- my first house ( apartment ) due to complete feb next year. Monthly payment around 1700
- if i proceed with second house purchase, it will be for my own stay. I will sell/rent first house. First house Located at shah alam near tesco/aeon.
- second house monthly installment is around 4000. My concern is, if i cant gent people to rent/buy the first house. Its under leasehold/bumilot status ( hard to sell i think )
- i dont think i can pay both house ( assuming no ppl want to rent first house )
Should i proceed or hold first.
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bagok
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Aug 18 2015, 07:57 AM
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Getting Started
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QUOTE(cdspins @ Aug 18 2015, 07:53 AM) if You cannot pay both house instalment, I suggest you not to buy the second house. Economy isn't good now... holding power become a main factor Thanks bro, really appreciated your input. Yes, this is what i think..  |
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bagok
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Aug 18 2015, 08:20 PM
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Getting Started
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QUOTE(cdspins @ Aug 18 2015, 07:58 AM) wow... you really save alot if you are comfortable with DSR of 70%. Imagine 10k salary. 70% go to house loan, hire purchase and others billing. Only left 3k, petrol, maintenance fee, food, insurance, phone bills and etc... wow... really tight and that is for 10k, small potato like me even worst....  Combine income with my wife.. |
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bagok
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Aug 18 2015, 08:21 PM
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Getting Started
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QUOTE(cdspins @ Aug 18 2015, 07:58 AM) wow... you really save alot if you are comfortable with DSR of 70%. Imagine 10k salary. 70% go to house loan, hire purchase and others billing. Only left 3k, petrol, maintenance fee, food, insurance, phone bills and etc... wow... really tight and that is for 10k, small potato like me even worst.... combine income with my wife... |
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bagok
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Aug 19 2015, 08:55 AM
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Getting Started
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QUOTE(cdspins @ Aug 19 2015, 08:41 AM) But if it is your first house, newly wed couples, it is highly advise that to look into house price which will not put such high 70% DSR onto the combine income of the couples. Try to make the mortgage 50% or less... when saved up then only consider upgrade or investment.... step by step Thanks bro. |
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bagok
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Aug 20 2015, 05:10 PM
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Getting Started
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QUOTE(kevyeoh @ Aug 20 2015, 10:56 AM) Strange. Your loan already approved. With current strict condition, i think you should be doing OK for the bank to approve the loan... Maybe you are too worried yourself but end of the day if you are not comfortable then you should not proceed... Yep, maybe im thinking too much. |
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bagok
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Sep 2 2015, 10:20 AM
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Getting Started
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Guys
i have below offer :
Rm700k property with 90% loan
base rate: 4 + 0.4%=4.5%
tenure 35 years
monthly installment will be Rm3072
good deal ?
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bagok
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Sep 2 2015, 10:28 AM
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Getting Started
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QUOTE(ims2628 @ Sep 2 2015, 10:24 AM) br 4 + 0.4 = 4.5? or 4.4? its acceptable if 4.4 Sorry Typo..4.4 total . RHB BR rate is 4.0.. Thanks, the other bank interest is 4.55 |
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bagok
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Sep 2 2015, 10:55 AM
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Getting Started
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QUOTE(ims2628 @ Sep 2 2015, 10:51 AM) If RHB then this should be their lowest rate already if without mrta This is with MRTA.. MRTA is 10k ++ for 15 years |
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bagok
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Sep 3 2015, 08:13 AM
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Getting Started
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QUOTE(Madgeniusfigo @ Sep 3 2015, 03:23 AM) Yes, it is a good deal, in terms of RHB rate. Thanks... |
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bagok
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Sep 5 2015, 04:54 PM
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Getting Started
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QUOTE(CAFE21 @ Sep 5 2015, 03:55 PM) What if only PTPTN is in default but other loan are all current status. Will d loan be rejected as well? Apart from making full settlement, is there any way? No way..you have to pay all the outstanding first. Best bet is using kwsp account 2 |
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