Hi Acethriller，

Objectively, the mortgage services provided by BSN is moderate as compared to the whole industry. Most of the time, quality of services are highly dependent on the bankers who serve you. Based on our past few months' experience, the non-banker processing of OCBC is the most efficient among the others, and you can get such services from the outsourcing unit of OCBC. The loans that we applied on behalf of our customers normally get their approval within 2 working days upon the submission of full documentation and legal fee is quoted at a reasonable rate.

Thanks.



This post has been edited by home_save: Dec 19 2010, 11:31 PM

[attachmentid=1756330]

i have to get this after raya...
source: http://www.iproperty.com.my/news/744/Get-t...-i-or-GiroHome-

Hi Chris, i have a friend who is interested in the Vistana Serviced Apartments. Its a developer unit costing RM 320K. Whats the best rate u think he can get? Ive given him your number as well. He is a Malaysian doctor currently working in Singapore.

This is for fixed rate la. Now BLR is still considered low. So no point taking a fixed rate loan for such a high value. U can always change to a fixed rate if the BLR goes up too high in a few years thru refinancing. Till then its a waste i think.

If u have the money why bother buying properties in non prime areas? Focus on prime areas and ull see really good value appreciation in a few years.

hi bankers,

please quote me the best rate for the following loan

Property price: 238k
MOF required: 90%
Property name: Axis Residence
Tenure: 40, if not, 35
MRTA: no, i prefer to add to my insurance
Loan Agreement: to add in

Please PM me your contact stating which bank you are from and the rate

i had enuff transaction atm n this is only an emotional buy for this year. wudnt care much about prime/non-prime coz this unit is not intended for investment. just having a relatively near weekend spot.

hi, i need a mortgage loan for a property (subsale) of price 315k.

i need bank valuer to get min. 285k value for this property.

mof required: 90% or above

bankers may pm me for more info.

hi all, quick question..
am i eligible for a home loan if i had recently switched job to another company?
and let's say that i move again to another job which pays higher.. but it's a contract position
will my loan application get approved?

after 3 months in new company !

hi prototype

Can. when i bought my first property, i only had 2 months payslip to show the bank since i changed jobs but backed it up with my annual income statement (+ 6 months payslip) from my previous job. my position is also contract based. No problem. if you dont want a headache, approach one of the mortgage agents here, am sure they would be happy to help out

Hi all,

sale price: 450k
loan: 90% -100%
loan tenure: 30-40 years
location: USJ
gross salary: 7k (husband & wife)

prop type: 2 story
floor area: 22x75 renovate

optional: bullet payment % (if any)

any banker/broker can quote for me? do pm me. thanks.

This post has been edited by zztienli: Aug 31 2010, 11:05 PM

Dear Prototype,

We can give a try on your case as the requirement of each individual banks vary from the others. Based on our experience, if you are working for MNC or Berhad, it will increase your likeliness to secure a loan. The most important point here is that you must be able to prove that you have a steady source of income to pay your installment. If you can prove that it won't be a problem to get a loan. However, it is still subjects to banks' discretion.

Please let us know if you do need help on this. Have a great day.



This post has been edited by home_save: Dec 19 2010, 11:32 PM

Dear Cybermaster,

I had received a phone call from your friend this evening. As there is not much information about the unit, I will have a check on its value tomorrow as the gap of value for this particular apartment is quite big and provide an estimation of the loan amount which available to him.

Meanwhile, I will engage him and have his profile as this will influence the rate given by the banks.

Thanks and enjoy your Merdeka Night.

---

Added on August 31, 2010, 11:48 pmDude, is this 1 Jun 2009 post?

I think BSN latest offer should be over here




This post has been edited by home_save: Dec 19 2010, 11:32 PM

this is wat im looking for, u got pm.

Dear HomeSave,

I was wondering whether the Zero Moving Cost (ZMC) like the one offered by BSN means legal fees will be included in the loan or the fees are actually paid/waives by the bank?

Are there actually packages where legal fees are actually paid/waives by the bank? Thanks. I'm currently looking for a homeloan.

Dear y2kfirewalker,

For ZMC, there are 2 plausible scenarios:

1. It might be totally born by bank, however, with a relative poorer rate (for example, non-ZMC is at BLR-2.2 while ZMC at BLR-2.15)
2. The legal is financed into the package and you pay them indirectly through installment (hidden)

To be frank, banks won't simply be worse off without gaining something.

Please let me know if you do need help in getting a homeloan. Thanks.


This post has been edited by home_save: Dec 19 2010, 11:32 PM

Price war for housing loans has begun


KUALA LUMPUR: There may be a new round of price war among banks for consumer loans, with the new mortgage rate going down to as low as base lending rate (BLR) -2.3%. The current BLR rate is 6.3%.

Some analysts said this comes as a surprise to the market after a mutual understanding was reached earlier to set a minimum rate of BLR-1.9%.

The new mortgage rate is now down to BLR-2.2% since end-July and some banks have started offering BLR-2.3%.

A home loan officer from CIMB Bank Bhd told StarBiz that housing loans have been revised downwards.

“Previously we were offering BLR-1.9%. Now, we are revising the rate to BLR-2.1%. We had been losing some market share to foreign banks and decided to join in the price war,” he said.

The BLR is a minimum interest rate calculated by banking institutions based on a formula which takes into account the institutions’ cost of funds and other administrative costs. The BLR is measured against the overnight policy rate (OPR). This year, Bank Negara has raised the OPR by 75 basis points in three rounds of rate hikes points to 2.75%.

This means that the BLR also goes up by 75 basis points to 6.3% currently. The BLR is one of the major components used by banks to determine the pricing of home loans.

StarBiz called up the customer service departments of some of the major banks for verification. While rates change depending on the mortgage taken, some banks have become very aggressive in their rates.

It appears that CIMB’s rate is now BLR-2.1%, Hong Leong Bank, OCBC Bank and UOB Bank is BLR-2.3%.

While the website of Malayan Banking Bhd shows that it is offering BLR-1.8%, one of its home loans officers contacted said it could offer up to BLR-2.2% depending on the loan taken.

Then lets join the fun!

---

Added on September 1, 2010, 2:15 pmDear All,

My service is to help you to get the best mortgage deal disregard residential or commercial. A lot of you out there would like to source for the best offer in terms or margin (80%?90%?100%?), tenure (30,35,40?), legal fee, interest rate, and also MLTA. I'm a mortgage broker, so let me and my team assist you with our best effort and experienced. Giving you a hassle-less one stop solution.

These are the most competitive rates, (rest of the banks that I did not mention, we also able to provide you the service. Just ask..)

OCBC
a) BLR-2.3% whole tenure (300k above)
b) Yr1-Yr3 fixed 4.15% (300k below)
Yr4 BLR-1.90%
Yr5 BLR-1.15%
Thereafter, BLR-2.1%
UOB
a) BLR-2.2% whole tenure (100k above)
b) Yr1-Yr3 fixed 4.2%
Thereafter, BLR-1.9%
STChartered
a) Flexi BLR-2.1% (200k-500k)
Flexi BLR-2.2% (500k-800k)
Flexi BLR-2.3% (800k above)
b) Yr1-Yr3 BLR-2.3% (300k above)
Yr4-Yr5 BLR-1.3%
Thereafter, BLR-1.9%
RHB
a) Yr1-Yr5 fixed 4.15%
Thereafter, BLR-1.9%
EON
a) FDR+1% whole tenure (200k above)

Currently we are giving away give voucher from our own pocket as well! A small token appreciation of support, EVERY RM250k loan will entitle for RM100 petrol vouchers.
Still more to go, EVERY RM2000 MLTA's premium will entitle for RM150 cash rebate!

In order to qualify for gifts, all you need to do is email your details as of format to us at busymortgage@gmail.com,

Name:
Contact Number:
Property Address:
Property Price:
Margin:
Ideal Interest :
Tenure:
MRTA/MLTA:
Legal Finance: Yes/No

This post has been edited by wilz: Sep 1 2010, 02:22 PM

wilz,

currently on BLR -1.95 but still in lock-in with RHB. loan amount exceeds 500k, outstanding above 300k. for refinancing - can i get BLR -2.3 or should i just talk with RHB (which apparently hasnt yet joined the "war"). do you negotiate rate adjustments with banks too (what's the price)? if i can get RHB to give me BLR -2.x then i'd be happy.

thanks