Dear Cybermaster,

I have a check on your inquiry, however, there isn't much historical background for this particular condo. Based on my preliminary checking, Pelangi Indah seemed to have a good price but with a comparative poor rent. Rent to price ratio is indeed a bit low. For your information, there are certain properties which either had been abandoned by the developers and being rehabilitated by the other developers, or, the initial developer had been bought over by others and resulted there is multiple change of ownerships. For these 2 kinds of scenario, banks will be very reluctant to finance such properties as (1) the conditions of the completed properties might not be the same condition as specified earlier, and (2) to encourage the buyers to buy from reputable developers instead of the formers that I mentioned previously.

It is not advisable to purchase the properties which are difficult to obtain financing from the banks as there must be a reason behind this, in which the properties can be (1) very unlikely to appreciate, (2) conditions and fitness of properties are uncertain, (3) very hard to be sold (new buyers face difficulty in obtain financing, thus, reduce the demand for the properties, eventually, lower value).

Kindly advice your friend to opt a better option. If he were willing to take up the risk (or simply, he just love the unit), kindly let us know and we can try to help out and obtain financing for him, however, we are unable to guarantee the best rate for him. Thanks.


Regards,

Timothy Ooi
Senior Negotiation Cadre
Home Save Real Estate Consultancy


This post has been edited by home_save: Dec 19 2010, 11:33 PM

Hi r5th,

According your information, the best package for you is BLR -2.2.

The document you need to prepare is as below
a. Mykad I/C
b. 3 months latest payslips
c. 3 months latest bank statement
d. Latest EPF
e. Latest Borang B/BE form
f. Booking receipt (with unit no. and purchase price)
g. Sales & Purchase Agreement (if any)




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


Regards,


Axtan, Ong
Lead Mortgage Consultant
Home Save Mortgage Consultancy
+6 017 5500905


Visit us in Facebook and ask a question

your friend sell to cheap..

i got customer bought rm390k.

i even help him get value of rm440k.

if not mistaken OCBC is semi-flexi. Do double check.

Wow.. So many home save agent here. Seems like you guys making here quite competitive. Cheers! =)

thanx axton!

I'm interested to buy a condo located at Seksyen 22 Shah Alam (Puri Ayu condo). Selling price is RM185,000.

I want to know which bank can give the best deal and I prefer Islamic loan and bank who can give the max loan (95% if possible) and 40 years repayment period (I'm 25 btw)

Please also let me know how much I need to prepare like S&P, valuation fee and all that.

My salary is RM3k minus commitment and epf around RM2k. My wife salary RM2800 minus commitment and epf left around RM2k as well.

Any agents are welcome to PM me.

BLR-2.3% ZEC?

Correct me if I'm wrong. If zec definitely hard to get blr-2.3% base on the loan amount. Furthermore, ocbc will not give zec if blr-2.3%

Wat to do. Rich ppl looking to cut loss only by urgent sale.

i see..

anyone apply loan 500k/1m above ?

i can give u good rate !

any bank offers 100% loan? i know nothing about BLR.. what's that? lazy to google... anyone can explain?

Reply removed.

This post has been edited by home_save: Dec 19 2010, 11:34 PM

Hi,

Anyone know the package in Hong Leong Bank for condo 250k?

thanks Chris.. you'r myman!

Blr-2.2% max. Pls don't think of blr-2.3%. Very difficult task. Unless eon bank. Interested can talk to me.

Property price: RM550k
MOF: 90%
Tenure: 30 yrs Flexi
MRTA: ?
PM me the package.
Thanks.

Thanks a lot..cos that owner said his valuer is for HLB that can give this price..

be careful abt hong leong bank valuations

they decide on the valuer according to the first alphabet of your (ie: the buyer's) name

so your valuation might differ a bit unless its very close to or below market value depending on which valuer u get

Property price: RM236,000 from developer
Type: Condo apartment
Location: Gombak
Financing required: 90%
Tenure: 30 - 35 years
ZEC preferred
Looking for BLR (6.3%) - 2.2% or 2.3% for the whole tenure
MRTA/MLTA: offer me

PM me. thanks