Shorter lock in is only beneficial for property investors who buy and sell properties fast. Most of the time u woulndt even think of refinancing within the first few years as the difference is negligible. But i got mine at 3 yrs lock in last yr.

agree.. thats y i am jumping ship to ocbc also

Hi,

Looking for bank thats offer loan for buying BDKL flat.

Please help

Thanks

what is the rate for CIMB?
loan amount 150k

Hye everyone.

I am planing to buy house and actually has started my progress. Never had any credit record before (CC, car loan).

My house to buy detail is:
Type: Apartment,
Location: Puchong Intan
Price: RM130000
Spec: Basic original unit. Owner never live there, only rent it out.
My Salary: RM 2000++

Currently two bank has turn down my application. It was CIMB and Alliance Bank because of my credit record is too clean.

Currently that property agent just bring my application to RHB.

Is RHB Bank ok?Any suggestion for next bank?


Thank You!

go for foreign bank. start by getting a credit card

good news. Now the norm is BLR -2.2, no more 1.9

yes. now all banks standardise on -2.2

I am looking for a package to refinance my housing loan.

Loan Amount: RM250K
Type: Apartment
Location: Kota Damansara

Current outstanding is RM170K with OCBC Bank.

Any bank able to absorb the 3% penalty (i.e RM7K) & offer BLR - 2.3%

Agent are welcome to PM me for the best offer. TQ

Currently mbb offering:
fixed rate 4.5%(1st 3 years), thereafter BLR-2.15% (250k above)
finance up to 95%
lock-in 3 yrs
KL/PJ area

pls feel free to call me 0122948810

if mbb could offer 4.1 lock 3 years then -2.15 afterwards it will be attractive...

I wonder wats PBB offering.... since all my housing loan are from PBB, malas to diversify to other banks..
since -2.2 is a norm.. is ZEC also a norm? or bye bye ZEC liao??

This post has been edited by eugene jk: Aug 14 2010, 04:04 AM

ZEC will be history now, all offering NZEC now for commercial bank.

onn: u still doing the half the mortgage calculation?

Yes, I can explain how to utilize varies of mortgage loan type to save more then half of the interest. Without extra cost or extra payment.

i took flexi loan to be able to dump in money whenever i wish

but how do i balance it out?
since now BLR is low, would i be better if i put the money elsewhere like insurance saving plans? then when the BLR is high, then switch back?

what are the chances of getting 90% MOF for subsale properties? I heard at most 70-80% nowadays... is this due to lower valuation due to the recent price hike..?

This post has been edited by eugene jk: Aug 15 2010, 12:15 AM

Agree man, quite hard as the valuation for prime area properties are always lower than the actual selling price. Check for few areas, same result, best case 85% considered very lucky already..

But depends on your "profile" though, if you have solid credit history some bank will kind of "ignore" the valuation and give you higher MOF.

yea.. i ask the same question else where and giving the same answer that valuation cannot keep up as prices are increasing everymonth...

Given that bank are not giving high MOF, but subsale still going strong... meaning ppl having lots of cash for 15 - 20% downpayment.... 20% of 400k, thats 80k... if including legal fee, stamp duty, MRTA/MLTA, that is amounting more than 100k... Malaysian are cash loaded

This post has been edited by eugene jk: Aug 15 2010, 02:03 PM

Hi All Bankers,

I am looking for a loan package.
Appartment completed wt strata title, RM 95k, loan 90%.
Base salary 3k. Nice credit records.
All doc ready to process immediatly.
PM me pls.

Tks.