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Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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koja6049
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 Mar 12 2025, 01:13 PM
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QUOTE(alexandersuk @ Mar 12 2025, 05:20 AM) Recently I have been viewing house to purchase. I asked my agent whether there is still 100% loan for first time buyer. He said no. Is there still full home loan for first time buyer? 100% loan is *technically* available for developer new project  What they usually do: quote a high S&P price for you to get loan first Bank loan you the 90%, 80% or other approved amount. Developer then give cashback to buyers as high as 20% At least this is how it works when I buy house in Klang valley, my last purchase the developer gave me 12% discount on the S&P price |
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koja6049
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Mar 16 2025, 04:13 PM
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QUOTE(Cubalagi @ Mar 12 2025, 10:31 PM) BNM didnt say such thing/gave such assurance la...give source if yes. BNM didn't say anything, it's just "experts" speculation https://theedgemalaysia.com/node/733002QUOTE Following Bank Negara Malaysia's (BNM) decision on Wednesday to maintain the overnight policy rate (OPR) at 3%, which marks 18 months of rate pause, economists expect the central bank to leave the benchmark interest rate unchanged throughout 2025 as well. |
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koja6049
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Mar 16 2025, 04:16 PM
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QUOTE(Human Nature @ Mar 16 2025, 08:52 AM) My daily interest with PBB loan decreases yesterday and today. Anyone know what could be the reason? need more details, decrease in percentage or amount? |
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koja6049
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Mar 16 2025, 08:20 PM
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QUOTE(Human Nature @ Mar 16 2025, 05:11 PM) The amount yesterday and today is consistent, but not much la, less than RM5 If it's amount, then it is normal, since your loan is reducing. Also, I don't think you can see daily interest? Supposed to be monthly. |
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koja6049
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Mar 17 2025, 04:30 PM
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QUOTE(hirano @ Mar 17 2025, 03:10 AM) I am currently looking at a property around 700k-800k range and wondering which would be the better option among these two if it's a flexi loan: 1) Deposit 20% of the property value, and only doing 25 years tenure. 2) Pick max years tenure, 10% deposit, but paying extra every month. The agent is saying option 2 is better as I can put extra cash anytime and still get to shorten the loan in the end and pay lesser interest. Hoping for some more opinion? also important is check the interest rate, usually quoted as SBR + spread of the bank. usually if you get higher loan and longer tenure, the spread can be reduced substantially. Compare the interest rate between 1) and 2) This post has been edited by koja6049: Mar 17 2025, 04:31 PM |
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koja6049
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Mar 21 2025, 03:32 PM
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QUOTE(lowyat101 @ Mar 21 2025, 09:38 AM) Few years ago I took a housing loan with short lock-in period (3 years) but slightly higher interest rate (4.45% as of today) than the others at that time. The reason was at that time, I was planning to sell the old house and pay off this housing loan, so the short lock-in period is more important. But now I'm thinking to use the proceed from the old house in other investments with higher return and keep the current housing loan. What will be the options available for me to get a lower interest rate? If I re-finance then I believe it will incur additional legal fees? How about requesting the current bank to adjust the interest rate/ monthly repayment and loan duration? Is it common for them to consider this? Thanks more likely you need to refinance. Definitely will incur legal fees. |
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koja6049
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Mar 23 2025, 02:41 PM
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QUOTE(!@#$%^ @ Mar 22 2025, 04:58 PM) how much will be the refinancing fee? worth it? dependent on the lawyer you use, some charge high fees, some give a discount. But the stamp duty on the loan amount is fixed, that's from the govt side  |
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