For your info:

All flexi loans have a set up fee of RM200 and maintainance fee of RM10. Banks can call it whatever fees but you have to pay the RM200 and monthly RM10. So this applies to SCB's flexi loan too.

oh ok, so monthly only rm10 extra on top of the interest, any charge for witdrawal?

which bank offer the best rate for refinance above 100k, with ZEC & not compulsary MRTA

i don't think hsbc has the setup fee. any advise?

This post has been edited by kucaixx: Mar 5 2009, 01:43 PM

RM200 one-time set up fees (pay upon signing LO)

No withdrawal fee... Mortgageone is fully flexi...

Flexi or conventional? Most banks now don't make MRTA compulsory.

---

Added on March 6, 2009, 1:17 amWithdrawal as in? When do you withdraw. After signing letter of offer? After disbursement?

---

Added on March 6, 2009, 1:18 amAre you sure? No RM200 charge to open the current acc?

This post has been edited by DriedIce: Mar 6 2009, 01:18 AM

---

Added on March 6, 2009, 1:18 am

Are you sure? No RM200 charge to open the current acc?

[/quote]

the last time i checked CIMB islamic has a flexi package that doesn't require RM200 start up fee nor RM10 maintenance. and the penalty is 3% from the remaining outstanding loan, not from total loan amount.

[quote=livingmonolith,Mar 6 2009, 09:24 AM]

---

Added on March 6, 2009, 1:18 am

Are you sure? No RM200 charge to open the current acc?

[/quote]

the last time i checked CIMB islamic has a flexi package that doesn't require RM200 start up fee nor RM10 maintenance. and the penalty is 3% from the remaining outstanding loan, not from total loan amount.

[/quote]

Yup. That is only for Islamic. Their flexi package gives you profits as well..

To all bankers out there. I am exploring other options again, other than my regular bankers.

I am an investor with more than 4 properties in my CCRIS. I need 90% margin of financing. I am not interested in anything less than 90% financing. My repayment record is clean, and my debt to income ratio is very healthy.

PM me to let me know what I need to do to give your credit processing units a level of comfort.

If u can tell me the ways of securing my 90% financing - i'd be most interested in doing business with you. Feel free to PM me.

thanks.

Hi dried ice, like 1 time withdraw need to be charge any amoutn of fees? it would be nice if some one can draft how much i would be charge est.
Loan amount and NZec. any fees need to be aware of.

For the withdrawal part, its usually called hidden charges. Some banks have it once you've done past 5 transactions in a month or something like tht. If you are interested you can give me a call @ 012-3871138 and i'll come up with all the legal cost and monthly installment for you.

---

Added on March 7, 2009, 6:06 pmFD's or other source of income would help. Normally the bank would prefer you to open an FD with them.

This post has been edited by DriedIce: Mar 7 2009, 06:06 PM

Yes, I know that, chief. Obviously, I need the specifics - e.g. FD amount to be 1/3 loan exposure? FD / UT / Stcoks that are 24 x of your installments? Each bank varies in terms of their deviation approvals. I'm suprised that most bankers (those that I've met anyway) - can't give me any specifics.....

DriedIce, you are banker? yes will give you acall, later and how to address you?

For FD would be about half your loan size or less. Did a case before they requested half the loan size for as the person was still under probation and the 2nd applicant was too old.

So in your case 1/3 the loan size would be sufficient if you are employed.

Most bankers can't give you the specific as they prefer it if you can give more docs the better for them. No need to go through the hassle of appeal and all that..

---

Added on March 10, 2009, 12:27 amNo. Used to be a banker. Now I'm a mortgage broker. I help ppl look for the best loan rate in town instead of them going through the hassle of bank shopping. And you can address me as Theresa.

Thx.

This post has been edited by DriedIce: Mar 10 2009, 12:27 AM

Well, I need the specifics to prepare the additional doc's, dont' I?

anyway - thanks for the interesting conversation.

hahahha, I share your frustrations mate!! I tell you, if I get a penny for one "tactics" they use...

which is why I now have "pre-packaged" documents ready to be given to banks, but hassle la to keep updating them everytime I change jobs, increase/decrease FD etc. All evidence to show my numbers are good. Still with all these if they see your commitment is too high (even though you income is superb!), they still ask for 50% of FD la, RM100k of purchase of other services etc. There is one bank, which will DISREGARD CCRISS if you put 50% of money in FD .

Oh, btw, there are many banks who will disregard your other commitment (ie your properties financed by other banks). This is one of the "loopholes" I took full advantage of earlier. Not sure if it's still the same now...

interesting? Which FI is this?

Pai & MeeJawa - I think it's time we met up to discuss all loopholes.

I find the 50% FD rule which disregard CCRIS a bit hard to believe - but hey - the more "loopholes" the better.

The amount of "extra" documentation which I have in my house is now ridiculously high.

Different banks have different treatments of giving 90% margin to investors with more than 4 prop's. And it's perplexing that bankers (those I've met) are very vague.

I think Pai even discovered one which still gives 90% irregardless on how many number of prop's u own!

Pre-packaging can be easier - if we know all the "rules of thumbs" which bankers use. That way, I'll be able to standardize my documentation pack.....

So - what say u all? PM for timing and details?

actually if u put 50% FD ur margin is at 40% or less already. majority of the bank wouldnt mind loosen their guideline a little more since the risk assessment for them has been lower by a huge margin.



all Housing loan will appear in ur CCRIS... and i hate to break the bubbles, but the only housing loan that wont appear on CCRIS is the housing loan that isnt finance by any bank... go figure

and they have quite some high interest rates there...

So pratically, they have your record regardless where u go.




Psst~ Pai... pm me the details. xD

This post has been edited by merce: Mar 10 2009, 10:50 PM

This post has been edited by ravi9907: Mar 12 2009, 12:00 AM