Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 Jan 30 2016, 11:50 AM
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#1
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan  
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QUOTE(lifebalance @ Jan 29 2016, 11:15 PM) Hi clay Zero moving cost would translate into higher interest rate? Anything exceeding 5% would be considered highI got 2 banks offering zero moving cost Do let me know in PM so I may study your case and advise you accordingly  |
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Jan 30 2016, 10:29 PM
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#2
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan
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Hi lifebalance,
For ZMC package at 4.99% interest rate, what is the monthly installment for 25 years with loan amount 650K (310K cash out)? This post has been edited by netcrawler: Jan 30 2016, 10:30 PM |
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Jan 30 2016, 10:56 PM
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#3
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan
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QUOTE(Madgeniusfigo @ Jan 30 2016, 10:50 PM) Dear I'm also not the fan of fixed interest rate. What are lower rates for refinance in market curently? For ZMC and Non-ZMC?If based on refinance cash out RM650K , 4.99%, 25 years loan tenure. Your installment would be around RM3796/ month. For the next 25 years, your interest rate will be 4.99%, when property market is in bull scene, rate is low, your rate will forever fixate at 4.99%, which eventually will force you to refinance and incur additional legal charges and so on. Think twice before opting for fixed interest rate. |
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Jan 30 2016, 11:07 PM
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#4
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan
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If we choose refinance for a house, would the DSR calculated based on current house
installment (house to refinance) + refinance amount ? |
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May 16 2020, 05:22 PM
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#5
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan
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Any good refinace package or top up loan in market now?
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