Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 Jun 9 2017, 06:00 PM
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#1
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QUOTE(alexanderclz @ Jun 9 2017, 05:29 PM) i see. really learnt a lot from u guys pls take note,   Some banks absord the properties valuation.... Some banks dont, they ask buyer to pay. UOB is one of them |
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Jun 9 2017, 06:02 PM
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#2
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1,523 posts Joined: Apr 2005 From: too far to see
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QUOTE(wild_card_my @ Jun 9 2017, 06:00 PM) Assuming that the tenancy agreement shows that you are the only landlord for property B, you are younger than 35 years old The assumption is  90% allowance included 80% rental income included Some bank takes lesser % from allowance amt. lesser % from rental income |
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Jul 4 2018, 05:37 PM
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#3
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A friend ask...
Is Singaporean able to buy a property lower than RM500K? Or they have to go for RM1 mil in KL area? |
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Jul 4 2018, 06:55 PM
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#4
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QUOTE(lifebalance @ Jul 4 2018, 05:40 PM) Cannot, foreigner guideline 1 mil in KL, and 1m - 2m in Selangor depending on area. So Singaporean allow to buy RM500K property and above in Johor only..Hope this answers your question Thanks |
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Jul 4 2018, 07:21 PM
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#5
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QUOTE(lifebalance @ Jul 4 2018, 06:59 PM) Johor is minimum RM1 mil also. Where did you get the info that it's only RM500k and above ya ? mind sharing ? There are project allow singaporean to buy Property above RM500K.... |
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Apr 22 2019, 04:05 PM
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#6
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Senior Member
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Any bank offer Zero moving cost for refinancing ?
Whats the BR +++rate for the loan? |
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Apr 22 2019, 04:19 PM
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#7
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QUOTE(lifebalance @ Apr 22 2019, 04:16 PM) 4.99% fixed rate AIA as I know 4.99 ... a bit high right?QUOTE(Pac Lease @ Apr 22 2019, 04:12 PM) interested to apply Alliance Bank refinance? Now can cash out in overdraft facility for standby use or debt consolidation. Zero moving?Whats the rate? Interested on semi/full flexi |
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Oct 6 2022, 12:38 PM
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#8
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any bank offer zero moving for refinancing? currently i have a 4.02 loan, does any bank loan rate better than this?
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Oct 6 2022, 12:49 PM
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#9
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QUOTE(lifebalance @ Oct 6 2022, 12:41 PM) nope, unless you're looking for fixed rate to hedge against rising rates. Thx, btw what is usual refinancing Rate?Currently, we can apply the loan tenure up to at least 70 yo? or 75 yo? Intend to buy 1 studio for keeping. But still assessing the market now, And some say next year could be crisis year....ai...  QUOTE(mini orchard @ Sep 28 2022, 10:26 PM) Did you applied for any moratorium during mco ? Depending on banks, some include the moratoriium in the monthly repayment now. Remind me of what I did...Best is to call the bank or visit the branch to clarify. I did apply for moratorium, but I still continue to pay the monthly repayment. Logically I have made adv. payment for 12 months now right? Can I withdraw this money anytime? This post has been edited by taitianhin: Oct 6 2022, 12:51 PM |
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Oct 6 2022, 12:58 PM
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#10
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QUOTE(mini orchard @ Oct 6 2022, 12:52 PM) Depending on loan type....flexi, semi or conventional. Is semi Flexi UOB bank. I might check them soon....jz to understand how strong my cash in hand now Best is check with your bank. All banks have different tnc for their loans.  QUOTE(whereisthecat @ Oct 6 2022, 12:50 PM) Approached HLB on my own for loan (not panel/not through agent). To bank Your income should be As I'm commission and overtime - based, my basic is low at 2k, but total is higher at 7k monthly. I also have an additional freelance part-time job with another company (additional around 1.5-2k per month, properly documented). I'm borrowing 300k loan for a 400k subsale house (100k from savings, also properly documented). I have a car loan with PBB, and two credit cards with Maybank. All paid on time every month. So not a blank credit record. Previously many people including property agents told me HLB is one of the best banks for variable income earners like me. So, I approached them first, applying for their flexi loan. But today I was told that my loan is rejected. The banker's reason is that HLB doesn't consider any of my commission/overtime as income. So they only consider my basic of 2k which is too low for 300k loan. I'm now very confused. Is this true? Or could there be something else that they're not telling me? Should I apply for other banks? Will it be a concern for them that I was rejected by HLB? Because I was sure that HLB would approve out of all banks so I didn't apply for more banks... Based 2000 * 70% = 1400 est commission 3000 * 50% = 1500 OT, probably not counted for many banks minus Car loan +- 800 Rental est +- 500 each CC -300 300K loan about RM 1300 installment at 3.6% loan rate, without calculating the maintenance fee, if any so for quick check (1400+1500) - (800+500+300+300) I would say you only have RM900 left for new house loan...Might be hard for you to get the loan This post has been edited by taitianhin: Oct 6 2022, 01:32 PM |
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Mar 25 2023, 05:49 PM
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#11
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QUOTE(Lonelybird @ Mar 25 2023, 05:34 PM) 1) I signed letter offer with bank after my loan approved. yes, 90 days start when SPA is signed. However, most instanec will need 4 mths to complete, which could be extend to 120days, easily.2) I signed SPA at lawyer office. 3) Waiting to sign loan agreement. Not sure how is the correct proceduce as this is my first time buying a house. I only afraid of the late penalty which is quite costly. And Leasehold usually take more than 3 mths... your 1,2,3 seems alright.... in 2) Lawyer probably get you to sign all kind of doc, sekali sign all... so nothing much for you to do after that. btw, for better cashflow, you might want to arrange for $$ release to lawyer. Not all payment need to pay to lawyer in one lump sum SPA and loan agreement Stamping $$ is needed when do Stamping at Government office. They not gonna need the stamping $$ when you sign SPA one from my past experience. i paid my Stampnig$ after 1.5mth-2mths after i signed SPA. QUOTE(Lonelybird @ Mar 25 2023, 05:44 PM) Is that a correct step of Signing SPA first then sign loan agreement? i heard some people can sign SPA and loan agreement on the same day. Both ways works fine...SPA and loan agreement are 2 separate contracts Which means buyer can buy with Cash on a SPA. If your worry is about if there will be an approved Loan agreement for you to sign, well, you have LO, thats pretty much secure a loan for you. unless your profile got problem.... btw, SPA need 2-3 weeks to produce, whereas loan agreement probably take more than 2 weeks to come out....so it is unlikely you get to sign SPA with Loan agreement together...And without a signed SPA, why would bank give you a Loan agreement? Lu dato ka? This post has been edited by taitianhin: Mar 25 2023, 05:59 PM Lonelybird liked this post
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Apr 23 2023, 11:53 PM
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#12
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QUOTE(Kopi5263 @ Apr 21 2023, 10:40 PM) Advance payment can help to reduce interest rate of my loan? ur one not Flexi loan laThis is due to i have paid excess monthly payment and excess amount reflected at advance payment, but the principal still remain the same is term loan |
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Apr 24 2023, 11:30 PM
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#13
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QUOTE(Kopi5263 @ Apr 24 2023, 12:39 PM) Semi flexi. So need inform banker on this Flexi loan meaning when deposit, it auto convert extra to cover capital/interest.Full flexi meaning when withdrawal it is very easy. Either by cheque or easy transfer via Online banking. Semi flexi meaning when do withdrawal is call in to request for withdrawal If need to call in to pay for capital, this is not semi flexi related. There is no any flexi nor flexi related in such behaviour.... This post has been edited by taitianhin: Apr 24 2023, 11:32 PM |
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Oct 6 2023, 08:41 PM
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#14
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QUOTE(SnowWhiteTan @ Oct 6 2023, 08:32 PM) Banker told me if go for Islamic housing loan, there's no lock in period. Is this something to consider? Yes...It seems like is a lubang on Loan structure Eventually, lock in seems non-halal/not working in the so-called Islamic contract Conventional Loan can be Locked, and Interest is serve for The Loan Rate But Islamic loan works in a way, the customer is kind of renting from Bank. Bank own the Property.... and They probably cant lock that Whatever we paid is more like paying rental kind of things... Islamic Loan is forbidden to take Interest as earning So i guess is good for us... And also good for showing good business in Bank Islamic Banking Account too.. This post has been edited by taitianhin: Oct 6 2023, 08:45 PM 1282009 and SnowWhiteTan liked this post
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Aug 26 2024, 04:05 PM
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#15
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QUOTE(sad boi @ Aug 26 2024, 04:00 PM) Recently applied for a mortgage, all applied banks ask for proof of FD/savings. How much do I need to keep in my savings to get lower interest rate? What hav you promise them? they didnt tell you?how much is your loan amount? usual 400K - 500k loan, FD of 20k->50k seems good. which could cover 1-2 years of loan installment if show 100K fd abv, they allow more risk, and giv better rate lo This post has been edited by taitianhin: Aug 26 2024, 04:06 PM |
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Sep 27 2024, 03:48 PM
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#16
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QUOTE(ky118 @ Sep 24 2024, 04:26 PM) For housing loan which is better - Islamic or Conventional loan? Just compare both rate. Usually end up with the same rateBanks are using SBR to calculate the interest rate. Is SBR better than the previous BLR rate? I had islamic loan b4, reason? They dont have real lock-in period Not sure about others... |
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Mar 10 2025, 04:47 PM
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#17
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QUOTE(thickface @ Mar 10 2025, 03:45 PM) Hello. Can i ask if third residential property can get maximum how many loan % of house price? There is diff betweenon 5k salary and 30k salary. How do bank count my loan credibility? My objective might be to purchase the next home before selling my current home. No one will blindly tell u what you wan without u mention what you are Apa actual scenarionya? |
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