Once a broker has submitted the case into the system, the other broker cannot do the same for the same case. As such, it is a little disrespectful to do so without telling the broker. You can instruct one broker to submit to 2 banks, and another broker to a different 2 banks though.

In genral, with CIMB, they will charge you RM40 for each month you put too much money in your mortgage flexi account with them. Meaning they do not want you to abuse their flexi mortgage account as if you were using it as OD

OD is expensive at above 5% p.a while home flexi with CIMB is cheap at ~4.5% or so; so if you pledge your property to CIMB to get the home flexi and dump the money back into the account to enjoy the facility as if it was an OD, CIMB loses money.

Hence, they are charging you this fee.

It is something normal but different ways of practice by different bank. Lets' say AMBNANK full flexi. Ambank will charged the client RM500 a month !!!! If the client put too much cash into the capital account.

If you ever sign Ambank Letter offer, do read the fine print.

They will charged you RM500 penalty every month given that:

Your current capital account outstanding balance is less than 10% of the actual outstanding.

What do you mean by 70 percent of access cash ?can xplain ?

Dear Choywm,

Valuation fees follow a tier calculation system

For First RM100K =0.25%
Next residue up to RM2 mil = 0.2%
Next residue up to RM7 mil = 0.167%
Next residue up to RM15 mil = 0.125%
Next residue up to RM50 mil = 0.10%
Next residue up to RM200 mil = 0.067%
Next residue up to RM500 mil = 0.05%
Next residue more than RM500 mil = 0.04%

So it is almost the same or it could be lower for some valuation company firm charged. (It depends on company)

Dear Choy,

Yes it is normal.

1. For public bank, once default and the rate adjusted to BR+6.15%. It can't be reverted and you are being punished for the rest of your loan tenure.

2. Some banks will charge you interest late payment when you default for the 1st month and recurrence of such behavior, bank will adjust the interest you piad to 6.85%

3. Different bank different measure of punishment.

4. Never default on your payment. To prevent any future unecessary default, do put in advanced 3 months installment in the account first as back up.

Dear choywm,

1. Cash out part 10 years is on the calculation part. It is only for the bank internal calculation for your loan eligibility.

2. Cash out installment payment can be stretch to 35 years max loan tenure and maximum age 70. If you are currently age 60, then no choice, 10 years is your max.

3. Oh, it's ok, I ain't any expert of Maybank, but I am able to help you to stretched it to 35 years max if your age is less than 36 years old.

If you need my help, just give me a call or text will do.   

1) This is the estimation of the total loan amount charged and differ by bank. This is a benchmark of the highest cost.

2. Yes, your legal loan+stampduty loan + valuation price is logical and reasonable.

Dear choywm,

Sorry, didn't see the OD part, my eyes skipped a beat when looking at your posts. haha

1. May I know what's the reason for you to take Overdraft over normal cash out?

As the interest for overdraft is very high