Latest mortgage rate for housing loan packages, All Mortgagers are welcomed to post...
|
|
 Sep 15 2009, 05:44 PM
Return to original view | Post
#101
|
 
Senior Member
2,663 posts Joined: Feb 2008 
|
QUOTE(rakyat @ Sep 15 2009, 05:41 PM) Err..... my loan is appox RM280k and CIMB offer -2.3 whole tenure (flexi w/o MRTA) When you get the offer? izzit islamic loan and NZEC package? |
|
|
|
|
|
Sep 16 2009, 05:42 PM
Return to original view | Post
#102
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(tatatan @ Sep 16 2009, 02:39 PM) But if it is Flexi, then the interest will reduced due to the extra payment you make. The interest paid COMFIRMED will be the same for 30year or 20years tenure if you are using flexi loan and paid the same amount as 10 years installment.For my understanding, it suppose to be the same for 20 years tenure and you pay in 10years with the 10years tenure. This really need sifus to clarify. Sifus/gurus, please clarify this for us. Thanks. If you need calculator that can show for it. Pm me  |
|
|
Sep 18 2009, 02:08 AM
Return to original view | Post
#103
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(jackchp @ Sep 17 2009, 05:16 PM) yes....actually PBB offering Semi-flexi package and Fully flexi package to the market.. Hmm, semi flexi and full flexi, it make a lot of different to me.majority of the PBB bankers hard sell with the semi-flexi package since there is not so much different with the fully flexi package |
|
|
Sep 18 2009, 01:21 PM
Return to original view | Post
#104
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(azbro @ Sep 18 2009, 11:14 AM) How do I go abt it? Even you have RM60k in Account 2, you cant just take the RM60k like that. You can only use the acc2 money to pay part of the installment and also down payment for new purchase of property. And also if you still can afford to pay the interest, better not to withdraw money from EPF, as you getting more interest from EPF then you saved if you take to pay the loan.Do I use the 60K for to clear the RHB balance before refinancing with HSBC. Or I refinance the house first wth HSBC and then throw in the 60K? About your question,let say you have RM60k in hand, The above 2 option have no different in total interest paid, you may just dump in the RM60k into the flexi loan then both interest will be the same already. The only different is the monthly installment amount. But if you choose option 1, meaning you getting under RM100k loan, so you cant get the zero cost package thus there is more cost you have to pay. If you need help in getting the loan or need and calculation for the different option and package, you may contact me always Onn 017-6100337 Added on September 18, 2009, 1:24 pm QUOTE(jackchp @ Sep 18 2009, 08:24 AM) can u share with us what are the differences?? I remember i've write the different for both in some thread. Let me find it out and post the link here later.  This post has been edited by onnying88: Sep 18 2009, 01:24 PM |
|
|
Sep 19 2009, 12:39 PM
Return to original view | Post
#105
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(azbro @ Sep 18 2009, 02:27 PM) Thanks a million for both explanation..sorry I'm a newbie at this since this is my first time refinancing. If the money will put in ASB, then it's ok to do so. I've just checked with the KWSP hotline and they say can take out the whole money to pay the balance..but must leave abt RM1k blc. in that account 2....dunno true or not if really do it. My idea was dump in RM60K to the Rm100k blc...meaning I have RM40K balance left. I'll get a refinancing from HSBC Rm120K (as my house is worth RM135K) So HSBC will pay RM40K to RHB and the rest of the money (RM80K) they will give to me. I will take that money and put inside ASB abt 8% interest. So now I've got RM80K in my ASB account. Monthly I'll be paying 3.7% for it. Or why not I use that money to settle my car loan? Sorry for newbie questions  Added on September 19, 2009, 12:41 pm QUOTE(truelife @ Sep 18 2009, 03:30 PM) i really don't understand how it works.....if i pay an additional 50k to treat as partial prepayment for principal amount, not as advance payment, it should reduce the interest right? Yes, if you pay any amount to reduce the principle, it will reduce the interest too. Simply because interest = balance x % Added on September 19, 2009, 12:43 pm QUOTE(awiekupo @ Sep 19 2009, 10:48 AM) Hi guys.. newbie here too.. Yes, we call it refinance if you change the loan from bank A to bank B.I've taken a house loan under EON bank and my fren said that we are allowed to switch loan to another bank only after 5 years to save on the interest rate & etc.. is this true? I dont know what you guys call this (Is it same like refinance?) Anyone can shed some light? Many thx in advance.. If you need help in calculation and compare for the loan, pm me This post has been edited by onnying88: Sep 19 2009, 12:43 PM |
|
|
Sep 21 2009, 06:57 PM
Return to original view | Post
#106
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(peng123 @ Sep 21 2009, 01:57 PM) onn, I think in your case it's very hard to get the loan approved as your ccris record is not good. Maybe you can ask any sibling to help to refinance using their name as borrower. Then use the money to settle the CC debt. This is the one of the best way to settle the cc debt.wan to ask ? i got 1 house. d/s semi-d cost rm 235,000 existing loan rm 95. can i refinance and get more cash ? which bank is good ? but my cc hutang rm 40K++++. pay not good. owe 3 or 4 months ... can i refinance ? thanks Or maybe you can consider to restructure your CC debt to 0% installment. 100% approval for it as long the card is still active. You may pm me for more information. Goodluck. Added on September 21, 2009, 7:03 pm QUOTE(bryan_x00 @ Sep 21 2009, 02:14 PM) Hi, I think low down payment is offer from the developer, not from the bank. The bank is only the developer panel bank. So the 1st step to get low down payment property, is look from the project that offer that, or property that selling lower then market price.Wan to ask anyone take loan with low d/p? which bank offer? worth to take? Or better to pay 10% d/p? Worth to take or not, it's very subjective. If you can affort, you can always pay more upfront as you borrow lesser = less interest. But the cash flow also reduce. Or you can borrow more and dump in the cash you have into the loan, so that you have the cash flow and less interest also. This post has been edited by onnying88: Sep 21 2009, 07:03 PM |
|
|
|
|
|
Sep 22 2009, 01:25 PM
Return to original view | Post
#107
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
[quote=peng123,Sep 22 2009, 10:13 AM]
[quote=onnying88,Sep 21 2009, 06:57 PM] I think in your case it's very hard to get the loan approved as your ccris record is not good. Maybe you can ask any sibling to help to refinance using their name as borrower. Then use the money to settle the CC debt. This is the one of the best way to settle the cc debt. Or maybe you can consider to restructure your CC debt to 0% installment. 100% approval for it as long the card is still active. You may pm me for more information. Goodluck. .......................................................................................................................................................................... thanks onn for ur reply. what means 'restructure cc debt to 0% installment' ? for my case . i don have any sibling that can help me refinance. Headache >>>>>>>>> in beginning of year 2008, i entered akpk program but terminated the program at the end of Jun 2008.. that further increase my problems..........  any advise ?? thanks.... can't afford to pay CC debt every month ... paid but can;t reduce the principal of loan...  eveery month paid blind... the amount owed always same...  [/quote] I've pm you to get some detail of you. Will try my best to help |
|
|
Sep 25 2009, 12:00 AM
Return to original view | Post
#108
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(MyDevil @ Sep 24 2009, 08:47 PM) I am offered BLR - 2.3% for NZEC. Now considering it. HLB's should be full flexi loan while PB's should be semi-flexi. The - 2.4% got certain condition. I forgot liao. PB offered me minus 2.4% though. When I submit the application, I included the HLB ad in it  So which type of loan you prefer then choose from there. |
|
|
Sep 25 2009, 12:43 PM
Return to original view | Post
#109
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(MyDevil @ Sep 25 2009, 12:37 PM) What do you mean by semi-flexi? I thought it is flexi? Mean HLB is with a current account like with the loan.I am more towards HLB atm. PB has some terms that I don't like. PB don't have current account. |
|
|
Sep 26 2009, 01:59 PM
Return to original view | Post
#110
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(MyDevil @ Sep 26 2009, 08:48 AM) I see. If you really prefer HLB,You may also ask HLB to cancel the current account facility, so that you no need to pay RM10. I think I will choose PB as HLB needs current account. Rm10 per month. But make sure you clear about the T&C. |
|
|
Oct 1 2009, 12:25 PM
Return to original view | Post
#111
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(bob @ Oct 1 2009, 11:54 AM) already asking the bank .. & they said bcoz of my property is under PKNS, so its longer than normal to settle. 3month is the fastest you can get. Maybe 2.5month also possible. But this is apply for ideal case.PKNS procedure very leceh lorr If you say 4months and above, it's not a surprise. I have a clients take 9months to get his money disburse when he refinance his leasehold bumi lot terrace house. Good luck to you. |
|
|
Oct 8 2009, 05:53 PM
Return to original view | Post
#112
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(chewchinwee @ Oct 8 2009, 04:05 PM) Looking for a 300k loan for a completed condo unit direct from developer. Can someone advise on which package has the lowest overall payment for 20 years? BLR-2.4 is consider very good already. Just choose the bank which is most convenience to you then. 1) Loan amt: 300k 2) MOF: 90% 3) Period: 20 years 4) NZEC - Developer paying for legal and stamp duties 5) MLTA/MRTA - Not sure which is better 6) Lock in period - preferably low 7) Penalty - Minimal or none 8) Flexi - Not sure 9) Fixed rate or Float rate - which is better Which type of package would be suitable for me? So far they are a few banks offering BLR -2.4% for whole tenure. Thanks! Lock in and Penalty, i think it's standard for you to get 5 year and 3% of loan amount for BLR-2.4 rate loan. MLTA or MRTA, it's very objective to say which is better. How about you pm me your D.O.B and i make some quotation for you and let you compare which is more suitable to you. No obligation of cause |
|
|
Oct 9 2009, 06:04 PM
Return to original view | Post
#113
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(Blue_Diamond @ Oct 9 2009, 11:12 AM) I've go through both the letter of offer from bank A & bank B...bank B offer shorter locking period and is a much more established local bank. Whereas Bank A is Direct Access, a division of CIMB which i'm not sure of it's future if i were to take loan from them. Any advice? As long you haven't sign the Letter Offer, you have the right to reject the offer. Lawyer can't process anythings without a signed Letter Offer.As i know Direct Access = CIMB now, everythings you wanna know or check you can do it at CIMB. My old previous loan also from direct access, after the direct access's branches gone, they just ask me to check the detail at CIMB. In the process, i have no problem getting what i need from CIMB last time. Well, for now i already refinance the loan due to better offer rates. |
|
|
|
|
|
Oct 13 2009, 02:26 AM
Return to original view | Post
#114
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(d2kl @ Oct 12 2009, 02:33 PM) I currently have two properties: Do you have to sell property A to get for the down payment? If you need then better you just refinance your property A, don't sell it. You refinance For RM220k, with BLR-2% for 30years let say. You just need to pay RM995/mth only. You still have extra RM500 cash every month. Then you can use the extra cash from refinance to pay for the down payment for new property.a) Property A worth RM 250,000 Receiving Monthly Rental: RM 1,500 Owe the Bank: Currently RM 80,000 Actual Value now RM 170,000 (after reducing current loan owed to bank) b) Property B worth RM 280,000 Currently being occupied by me. Fully paid up and able to generate monthly rental of RM 2,000 I plan to purchase a property worth RM 700,000 to stay long term. Do you think I should sell Property A and take that remaining RM 170,000 and invest in the new property as initial down payment or should I refinance Property A and let the rental pay for the monthly repayment ? I do not intend to sell Property B and plan to use the monthly rental generated to pay off for my third property worth RM 700,000. Also, what is the maximum loan am I eligible to get if our total income is RM 11,000 monthly? Together with property A (RM500) and B (RM2k), you can generate about RM2.5k cash already. For a RM700k property, loan for 90% = RM640k. Let say you get the loan with BLR-2%, 30years, you only have to pay RM2892 per month. With total income of RM11k. You have no problem to take RM700k to RM800k loan. (i assume no others commitment) |
|
|
Oct 15 2009, 01:42 AM
Return to original view | Post
#115
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(fiseel @ Oct 14 2009, 11:24 PM) Hi All, Alliance offer is consider very good for you now. Even you refinance to others banks, you might maybe get slightly better like BLR-2.1% like that only with your loan amount. Haven't consider in the penalty, MRTA and etc. So it's better to accept the offer ba. Save money and lesser hassle. Mean while maybe you can ask them to change to flexi loan if you feel that flexi loan can help you save even more money. Need some help on my house loan thingy. Currently I'm having a bank loan with Alliance Bank (Since Nov 06) Tenure= 20yrs Loan = RM378k + MRTA RM5.7k TOTAL RM383.7K 1-3yr =5.5% Thereafter = BLR-1% Lock in period 5 yrs Penalty if full settlement b4 lock in over =5% or ard 12k I've made an appeal to them, their counter offer BLR -1% for first 2 years BLR -2% for the remiaining year Lock in 5 years starting from the date I agree to this new rate. Any suggestion/ opinion if I should take this up, OR go get other better offer? But with the new loan, i need to get the MRTA & absorb the penalty.... Can the sifu out there give me some opinion? Thanks a lot! Goodluck. |
|
|
Oct 20 2009, 03:27 PM
Return to original view | Post
#116
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(semez @ Oct 20 2009, 03:02 PM) Sifus & Gurus out there, 1) If it is flexi loan, so the interest is calculated base on loan balance - current account balance x interest = Interest charge. So the money you put in will be under the current account, not to the loan account. So there is no need to state out the penalty for withdraw or put in money, simply because you no need to do so to the loan account.I have an home loan offer from CIMB for its Flexi Home Financing-i (islamic). Details are as per below: NZEC Full-Flexi (according to the banker) Loan amount : RM484740 12 month interest free 2-5th year BFR-2.3 subsequent BFR-2.35 no maintenance and processing fee link to mudarabah current account i (u can earn interest if there is any balance in the account) I have got the offer letter and my concern is 1) it doesn't state that i am allow to put in or withdraw any amount of money that i wish to without any penalty. 2) It doesn't state that it will offset my interest if there is balance in the mudarabah current account Is anyone outhere that actually taking CIMB Islamic Flexi Home loan??If any, please share your experience and do they have any hidden clauses/charges that apply? To me this package seems too appealing and hard to believe. Please advise as i am new to mortgage. I also read some comment that the loan amount on your statement is actually more than your actual loan (Loan amount + 30 years interest). Can anyone clarify on this matter? I also understand that there is 20% reduction for its stamp duty because government is pushing for public to move to islamic facility. This is announced on 2007 budget and valid from Sept 2 2006 till 31st Dec 2009. Anyone can clarify? 2) Ask your banker to show you where is the statement that can show the calculation for interest. And also calculation formula for the penalty. It should be written in the LO. I deal with CIMB Islamic LO before,the interest and penalty calculation formula is written in the LO clearly. Yes, the loan statement you receive will be showing balance with loan amount + 30years interest calculated with the capped rate. So don't be surprise that you will see a balance of 1mil+ in your every month statement. But don't worry so much, the actual interest is still calculated as stated formula in the LO. And your actual balance you may ask the banker to calculate for you if you want to know that, same with the penalty and settlement amount. If you have any question about the loan interest formula and T&C, just ask your banker to clarify it with letter in the LO, so that all will be in black and white. You have the right to do so. Goodluck Onn |
|
|
Oct 28 2009, 05:25 PM
Return to original view | Post
#117
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(abechik @ Oct 28 2009, 02:35 PM) hi.. thinking of re-financing my home.. Yes, you may choose your prefer bank, but your prefer bank might offer you as good as others. So you may be consider others if the offer is better.market price around 240- 250k ... offer me something pls... err ... can i choose my own preferred bank or you'll give a list for me to choose from... really blur... thx For you loan size, you can get about BLR-1.8 to BLR-2 for full flexi loan and BLR-2 to -2.1% for semi flexi / term loan. You may pm me your prefer bank and i can check the package for you. Added on October 28, 2009, 5:31 pm QUOTE(dabudin @ Oct 28 2009, 03:46 PM) I am looking for a house loan around RM170k.. please recommend me the best rates.. How about your credit record? if there is some record and it's nice, i don't think there is any reason you can get a loan approve dunno whether i am eligible for the loan since only 9 month in workforce.. just graduated last year... could anyone enlighten me on these house loans? But make sure your income is not more then 1/3 of the monthly installment. (add in others commitment if have. e.g car loan) For RM170k loan, BLR-1.8 for 30years, your monthly installment will be around RM788. So to be safe your income should have 3 times of RM788. Let me know if you need any help in choosing the package or bank. Goodluck. Added on October 28, 2009, 5:32 pm QUOTE(horndog @ Oct 28 2009, 01:30 PM) Looking for an offer for the following: Do you have any prefered bank? Maybe i can provide you the info of package you need. 1. Property Value : 200k 2. MOF: 90% 3. Period: 30 yr 4. Flexi : Flexi (for the ability to pay down sooner, no OD or redrawing req'd) 5. Lock-in period : max 5 yr Please contact with details, looking to decide by end of week. Thanks This post has been edited by onnying88: Oct 28 2009, 05:32 PM |
|
|
Oct 29 2009, 05:26 PM
Return to original view | Post
#118
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(dabudin @ Oct 29 2009, 05:07 PM) All PM replied.. Thanks onnying88 for the reply... It's sub sales unit or new launch project? If it's sub sales, maybe you can try check value from others bank and see any of them can get higher value for you or not. Higher value = higher loan amount you may get. I got BLR-1.85 for 30 years, monthly 766... loan MOF 90% (ZEC)... from CIMB... Any bank can beat that? Is it possible for me to get 95% loan? Don't get confuse from some bank broucher as writen 95% margin loan. As it's normally 95% as in 90% + 5% (the 5% is for MRTA). |
|
|
Nov 4 2009, 10:57 AM
Return to original view | Post
#119
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(leongal @ Nov 4 2009, 09:12 AM) wow....i nit to check with my mortgage broker...mine was submitted on thursday/ friday Actually broker or banker it's the same, it's depend on how them want to make it fast or not only. But sometimes others causes may delay the process like the bank internal system or your doc not complete.Added on November 4, 2009, 10:02 amIs it the case that response will be slower if we apply through a broker than a banker? |
|
|
Nov 4 2009, 11:04 PM
Return to original view | Post
#120
|
|
Senior Member
2,663 posts Joined: Feb 2008
|
QUOTE(yiivei @ Nov 4 2009, 06:22 PM) hey guys and girls, i) does that mean that the property title will be transfer to me? or just the loan bear by me only without property transfer?i have a situation here of which i need the help and advise of you. Now, my mum wishes to re-finance the loan to another bank. In that way, she can oso reloan with a higher amount as she needs money. But, her requirement doesnt qualify to apply or refinance the loan. So, she wants to refinance the loan under me. If that the case right, i) does that mean that the property title will be transfer to me? or just the loan bear by me only without property transfer? ii) what if my mum doesnt wan to settle the loan after re-finance, am i the 1 tat going to face the full liability? iii) will i be blacklisted if the case on (ii) does happen? iv) what if the house was sold, and will it automatically repay the loan? Thanks Nope, the property is still own by your mom, just the loan will be bear by you. This is called third party loan. ii) what if my mum doesnt wan to settle the loan after re-finance, am i the 1 tat going to face the full liability? Yes, you have to take the full liability for the loan, simply because the loan is under your name. iii) will i be blacklisted if the case on (ii) does happen? Yes, if you or your mom didn't serve the installment for the loan, ONLY you will have bad record for you own CCRIS record. Once you have bad CCRIS record then you will be blacklisted for any loan application. iv) what if the house was sold, and will it automatically repay the loan? You mean the house going to lelong? If that's what you mean, then YES. If you or your mom still didn't pay for the installment for a period, the bank have the right to lelong the property and use the money to settle the loan. |
|
Topic ClosedOptions
|
| Change to: |  0.0536sec
 0.62
 7 queries
 GZIP Disabled
Time is now: 2nd December 2025 - 07:25 PM |
Quote