QUOTE(Cantalope @ Jun 29 2016, 06:07 PM)
Lol. Cool it bro. I think you're not being properly informed.
Tomorrow's deadline is for us to keep the old price by topping up the 5%. You are not signing the SPA tomorrow. You are only signing the actual booking form tomorrow. With the booking form, you can go apply for your loan.
You are always free to not top up by tomorrow but the new price will take effect on your booking. The actual deadline for your booking is end of July. If u did not sign the actual booking form by then, your booking will be forfeited and they will return to u minus 500. Those buying under new price only need to come up with the 5% upon signing of SPA, not when signing booking form. But you will pay 7% more for the prop. SPA would be sometime August. So you have plenty of time to hunt for loan. So far, Maybank has confirmed. The rest will be coming in soon.
Hi Cantalope, I think I am another who are not properly informed.
I (We) paid 5K for booking fee (earnest deposit) last time. I don't understand why we need to top up 5%. Is that meaning the booking fee is actually 5% instead of 5K?
The agent keep asking me to prepare the cheque. I not even know who is the panel lawyer I shall deal with and how is my loan progress. The agent requested me to prepare all necessary documents for loan application last month and I already provided to him that time. I already signed the booking form at show unit and I don't keep any copy until today (just whatapp image from the agent and he is very slow).
I am wondering, is it I need to pay the remaining of 5% now and I no need to pay anything when I sign SPA. Then I have 2 months time to apply for bank loan. If my loan is not approved, I will get 100% refund of the 5%. Some said need deduct 500. If sign SPA is around August or September, I am paying 5% now and wait, I can't do anything about it. Let say my loan get rejected in October or November, I request for refund then I shall get back my 5% maybe middle of year 2017? So within 1 year my money is just freeze and I can't do anything?
Please advice.