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Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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foongwen
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 Feb 3 2015, 11:28 PM
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New Member
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may i ask about! recently i buying a house is RM360k
but the agent told me that can do full loan as because the owner is selling under bank value. is it possible to do full loan for something like this?
and the agent told me if doing full loan. the bank if approved the loan after the 3-4th months later the bank in credit back the 10% of the payment i made to owner 8% & 2% for the agent.
extra info-
the owner own this property is around then 10years
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foongwen
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Feb 4 2015, 11:06 AM
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New Member
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QUOTE(Fat3Twister @ Feb 3 2015, 11:35 PM) Able to do so if the owner willing to mark up the rice in SPA. Actual price is 360k, let's say owner willing to mark up the price in SPA to 400k, provided the bank valuation also can match 400k, then you might be able to get 90% financing of 400k, which is 360k. Of course, you will be paying higher legal fee, higher stamp duty. hmm how about the 10% i have made!? bank will credit back to me or? |
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foongwen
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Feb 4 2015, 01:39 PM
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New Member
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QUOTE(Fat3Twister @ Feb 4 2015, 12:57 PM) Some banks will directly credit to seller's account while some banks will credit to the lawyer and lawyer pay to seller. So you have to arrange with the lawyer ok thanks alot Fat3Twister  |
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