Hi sifu, a simple enquiry. Are lelong properties subject to bank valuation too? E.g winning bid at 350k reserve price, minus 10% deposit so straight forward loan amount will be 315k right?

This post has been edited by iamloco: Feb 10 2023, 09:21 AM

Gg those who bid over market value.. gonna need to pay more cash then

Hi Sifus, do I need to sign LO first before signing SPA? What's the consequences if after signing the LO, i want to cancel it?

Thanks for the info!

If i have 2 housing loans, and one day i settle one of the loans, can i still get 90% loan for my 3rd house?

This post has been edited by iamloco: Mar 9 2023, 03:27 PM

Hi, I'm currently considering to refinance my home loan to reduce monthly commitment. Here is my situation:

Financing with Bank A, current effective rate is 4.05%, outstanding 392k. Loan remaining 27 years. Monthly instalment 1945.

Refinancing with Bank B, rate offered 3.9% with MRTT, legal fee absorbed into loan (2k) so total amount is 394k. Few structures with MRTT but assume I take the minimum coverage (18 years, 50% loan) instalment will be 1737.

Is this a good deal considering extra cash flow of 208/month? The only downside I can think of is I'm gonna extend my loan back to 35 years..

Forgot to mention that the Refinancing will be flexi loan.

This post has been edited by iamloco: Mar 24 2023, 06:02 AM

How to claim? We need to ask for the annual statement from the insurer?

Anybody taking maybank home loan? Did they just revise the instalment amount based on last year's BR revision?

This will reduce the instalment amount or reduce loan tenure?

I wouldn't considering EPF return % is higher than mortgage rate..

Anyone taking loan with maybank? Did they revise their base rate recently?