I just also got an offer for refinancing of housing loan. The details as below:

Market value of property: 295K
Loan tenor: 15 years
MOF: 84%
Loan term: BLR - 2.2% whole tenor (ZEC, flexi account, no MRTA)
Cost: One time fee of RM200, Current account maintenance RM10 monthly.
No minimum or maximum cap on BLR. Prepayment can be done without 1 month notice period

Have not signed the offer letter yet. Do you think this is a fair deal. Any better offers out there?

OCBC NON ZERO MOVING COST PROMOTION!!


[U]Under Construction & Completed Properties[/U

Loan size RM150,000 to < RM200,000
(Whole tenure BLR-2.2%)

Loan size RM200,000 to < RM300,000
(Whole tenure BLR-2.3%)

Loan size RM300,000 and above
(Whole tenure BLR-2.4%)


LVS financing (Legal fees, valuation, stamp duty) may apply to loan amount above RM200,000.

This offer is available for limited period only. Anyone interested to apply please don't hesitate to ask detail from me.
Feel free meet up with me in Klang Valley area.

TOH CHIN MING
Mortgage consultant
0169455966
cmtoh85@hotmail.com

Chin Ming,

Have a few questions, and properties to be refinanced.

I think I've seen some of your postings, but fro brevity here, can you confirm if the packages above are :

1. Full flexi
2. Extra pre payment which automatically reduce principle (and thus interest)
3. No notice period for prepayment
4. Lock in period and the penalty?
5. Can withdraw anytime with no penalty and notice
6. Monthly fees?
7. All-in-one account (checking/savings/loan/atm card)
8. internet banking? fees for GIRO and Bill payment?

Thanks!
meejawa

deleted, i found the answer edi..paiseh

This post has been edited by jovyn: Apr 3 2009, 09:57 PM

Chin Ming,

I'm also interested. I have PM you my e-mail. Please send a pdf doc of your home loan statement to me. I'm only interested in the flexi package similar to Mortgage One from SCB. I can get my answers from the statement. Thanks.

I dun think OCBC have any Full Flexi package like Mortgage One from SCB.
OCBC always tell people they have Semi-Flexi that function like Full flexi which for me is just useless and no different from normal conventional term loan.

Correct me if i'm wrong.

That's would I've heard too. I have always been a big fan of Mortgage One, but need to explore elsewhere now.

The statement will tell a thousand words. Sometimes, even better than a sales person.

Ya, the statement will let you know everythings. But do you believe that people from a very famous Mortgage loan Consultant (the name start with 'S') tell me and every one that bank statement is fake and there will be always a hidden statement that bank never let us know. How radiculas is that. They keep on say that Flexi loan is useless in saving interest.

They are saying that because if everyone takes up Flexi, their business future is jeopardised.

But i wonder why there's no action from any flexi loan's bank or Bank Negara.
They telling everyone in anywhere including in their talks/presentation/seminar.
How can those banks let them say like that? or is that real of what they talking about flexi? (chance might be 0.001%)

my salary is 4k..want to buy a house 500k with depo 100k...will bank accept my loan?

i think it's abit hard to get 400k loan with salary just 4K.
As you monthly installment base on 400k loan for 30years already about RM1800 already.
But you still can try for it. I can try my best to get the loan approve for you if you wanna try.
If can try to get another name in the loan.

Why my friend got BLR -2.2% for his loan above RM300k only?

And also non-zero package in which he needs to pay the lawyer fee for the loan about 5k plus.

BLR-2.2 i think is ok already. but still can improve abit like 0.1-0.2 like that.
Is your fren take Flexi loan? May let us know which bank?

Yes, it is flexi as told. OCBC lor

there's absolutely no chance at all. Like what Boon mentioned, this particular "S" consultant mortgage company is just terrified stiff that there business proposition would be zilch, if everyone takes a flexi loan.

I suspect that some bankers would complain to BNM soon about these jokers.......Just like how some landbanking companies got caught with their pants down in the end.

I dont think OCBC have any full flexi loan, please ask your friend check carefully.
What OCBC have is only semi-flexi as they calling it.
That's totally big different from Full-flexi loan.
(Correct me if my info is wrong, any OCBC bankers here?)

Try to get CIMB or Alliance if you looking for Full Flexi, Their rate currently is quite nice, BLR-2.2 to -2.3 should be no problem for Full-flexi loan
I can intro some good service banker if you need it

---

Added on April 6, 2009, 1:49 amWaiting Bank Negara or any financial parties stand out and ask 'S' to stop the joke.

This post has been edited by onnying88: Apr 6 2009, 01:59 AM

What is semi/full flexi?

You may refer to my reply in another thread about Full-flexi, semi-flexi, and normal term loan

Here's the links , refer second post

yes, his one is semi