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 Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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wuwah
post Dec 30 2014, 07:49 PM

ai ai ai~
******
Senior Member
1,153 posts

Joined: May 2009
From: Malaysia, Perlis
Hi, I have several questions here, tried read through this thread, but not quite found answer I'm expected. I'm sorry if this was answered previously..

- A family member, my aunt wanted to sell her apartment to me. She might want to sell it under market value. Is there any problem with it? say, the apartment in the area priced around 100k, but she wanted to sell around 70-80k.
- About first home scheme, if I bought a house under my name and I rented it out, then latter when I got married, and me and my wife wanted to buy another house, what's problems I might expected? something like higher deposit %? is it true?
- MBSB 105% first housing loan, is it recommended?

Thanks a lot for any replied. Really appreciated
wuwah
post Dec 31 2014, 12:14 AM

ai ai ai~
******
Senior Member
1,153 posts

Joined: May 2009
From: Malaysia, Perlis
QUOTE(wild_card_my @ Dec 30 2014, 09:45 PM)
1. No, there would not be any problem with selling the house under the market value.

2. No problems whatsoever. The rule is that the first 2 properties can be bought at 100 or 90% margin of financing (MOF), while the 3rd and beyond residential property loan will be capped at 70% MOF.

I have helped many youngsters get their 100% loan schemes, no issue as long as you qualify

3. I don't represent MBSB so I cant speak for them. However, do note that buying a house requires paying the house for 100% of the selling price, plus about 2% loan agreement legal fees and 2% SPA legal fees. With the 100% loan that I do, it covers the 100% of the selling price, not the 2% + 2% legal fees that you need to pay as well.

The interest rates for 100% loans are the same as other normal loans, I am not sure about MBSB though. I heard their rates are higher than normal.
*
Thanks a lot for your answer. yeah.. I saw the rate is high compared to others. Just because they offered 105% loan that makes me considered their loan compared to others. here's the pdf,
http://mbsb.com.my/misc/promo_rumah_pertama.pdf

I saw your phone no back then in this thread, would you mind if later if I got enquiry or need your help in this trade, I call you for help? or might ask you to arrange for us?

QUOTE(661188 @ Dec 31 2014, 12:09 AM)
Bro,
For 1 lhdn may still charge stamp duty at market value if they deem undersold.
*
Noted. Thanks for the info notworthy.gif

This post has been edited by wuwah: Dec 31 2014, 12:16 AM
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