. go to KWSP/EPF to check ur balance in acc2. if u have online, also can.
. u search for the property u like based on your epf saving/personal saving or any personal loan u can get. no point seeing a 300k condo when u only have 10k in ur epf acc2. unless u wanna get more loan.
. go to banks and ask for their bank loan info. go to at least 5-6 banks. insurance company like AIA also have bank loans but look at the T&C carefully.
. u weigh which one suit u best. repayment wise. lock down period is usually 5 years so after 5 years u can do refinance. some offer 3 years.
. once everything settle, money and mind all set.... look for the property agent etc... lawyer etc....but that wont be the end of ur worries....more worries to come

This post has been edited by chloelew: Oct 29 2007, 11:26 AM

Developers or seller usually have to refund the purchaser's booking fee if the buyer can prove that they are unable to obtain loan from banks.


The best course of action now is to check whether oyur CCRIS and CTOS is clean, the find out whats the max loan you could go for. SAve time

Subjects to T&C. Some developers and sellers may not refund. Better ask this before paying the booking fees. To make it safe, go to your nearest bank and ask them to Pre-approved your loans first before paying the booking fees. This is to make sure that banks are willing to lend you money.

CCRIS plays a very big role here. Banks used this to check whether you are a good paymaster. Make sure you do not forget to pay your Credit Cards, Car loans etc..on time. Every late payment can damage your credit report which is reflected on CCRIS. As for CTOS, some banks are not using it now due to the controversy recently.

Dont think its subject to T&C.

From what I understand, developers are not allowed to keep buyers cash unless the buyers signs the dotted line.

by law there is no such thing as booking fees but it is a practice , buyers have to be aware of this thing as there is no law protecting u on booking fees paid. booking fees is considered as part of d/payment.

3k...epf 10%
balance 2700
33% of 2700
= RM891

with a monthly repayment of RM891 , my guess is you can only afford a 160-180K apartment/house.