u r absolutely right

Yeah. I'm worked at mortgage department in bank for 10 years. Will know the guideline clearly

For option 2, AIA can offer 90% loan for 3rd property?

Then, that's good for Alliance Bank if above is consider advance payment. Got any other charges?

For my OCBC, RHB and CIMB, I need to inform my bank that the repayment is for principal reduction purpose then this sum will be (transferred) to my housing loan account which is under redrawal-able limit and I continue to make my monthly payment. Even my old Alliance Bank loan is same.

30% of 400k is only 120k.
You could use your advance payment to cover that, and use any rebates from the new unit package to get some cashback.

refinance involve cost and additional commitment on your monthly repayment, why want to put yourself at high risk?

plan A, You got 200k cash (i assume it flexi loan la, where u can take out watever you want or put inside to reduce interest)
Assume you dont do any refinance practice , 3rd house 400k only, 30% downpayment is 120k only , you left 80k cash, which is still ok for emergency use. right?

plan B, sell 1 of your house, den you got 90% loan and more cash

plan C, save 13k + 6 month reserve cash, then fully offset your loan 1 (might take 1-3 year), after that baru consider buying 3rd house.

If ur loan is under semi flexi loan and is under conventional package.then any advance payment into ur home loan account will auto deduct for principle and reduce the interest.

I think you can only take loan 1 or 2 with AIA, or refinance to AIA if it is not under AIA now. Then u can take 90% loan 3 from bank.

https://www.propertyguru.com.my/property-gu...-mortgage-58175

Check item 3, in fact a lot of financial institute will offer more than 70% for 3rd loan

u mean by refinancing my loan 1 or loan 2 with AIA, this will free up 1 of my quota on 90% loan from bank?

Yep

How much is the interest? 5%? Or based on loan amount?

Is this a BNM rule or different bank diff rule?

You need to check it out with AIA, But should be same like other Banks, interest mostly base on your credit rating.

This is under bank offer package.

Hi,

Right now my property loan as below:
1st property loan - CIMB
2nd property loan - LPPSA

If I want to buy 3rd property, can I get 90% loan from bank? or else need to apply from other financial institutions?

This post has been edited by soulmixx: Jan 11 2024, 10:15 AM

if your lppsa loan do not appear in your CCRIS record, then you can get 90% for the 3rd loan. However, is depend whether your payslip got show deduction for housing loan or not. If it is show deduction for housing loan, then only can get 70% for 3rd property.