anyone here can help with getting an estimated bank valuation for a house? i'd like to know what is the difference between the selling price and bank evaluation before i fork out the cash and apply loan.

pls pm me if you can help. thanks

Hi,

i think it's better for u to submit a few banks to get the value..
I realise that different bank,they get different value..
Alternatively,u can call the agent around that area to get the estimated value.
They can tell u based on past experience

Hi raven,

Pls provide me with the details as below, I could help on this. Real Estates are welcomed to have our valuation service as well and we could work out the best package for our clients efficiently.

Details that required: (i) Full Address, (ii) Build-Up Area, (iii) Renovation detail + initial renovation cost. (iv) property type, (v) intermediate/end-lot/corner (vi) Land Area

PM the detail please.

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Added on September 30, 2010, 11:01 pmDear Gal,

As banks have their owner panel valuer, for refinance case & Sub-sales, it is advisable to do it reversely. (Normally, we go to the banks and ask for the package and go through the valuation) Check the value from valuers and opt the highest value, then we figure out this valuer is which banks' panel and we will get a loan from that particular bank.

Well, sometimes, this is another trick that our consultant always practiced, for the sake of saving time by getting the loan from the right banks and avoid buying any over-priced properties.

This post has been edited by home_save: Sep 30 2010, 11:06 PM

Oh..that interesting..will PM you with my properties details..no charges?

Hi Gal,

No problem, charges will be a drink at mamak stall. This should be good enough.
Will check for you. FOC unless you gonna to ask me to check bunch of properties

This post has been edited by home_save: Oct 1 2010, 12:44 AM

what's the better rate for loan under 150k? said 30 yrs repayment, which bank offer the most competitve rate? thanks

Hi Cwhong,

BLR - 2.0 ~ BLR -2.2 is applicable to you. Rate granted is mainly dependent on property location, loan size, profile. You can look for a bank with the most competitive rate, but they might not willing to grant you that rate or even a loan due to many reasons. My advice is, go for as many as possible and sign the best.

i got one from cimX but -1.8-1.9 any bank lower than this? ocbX, Arab bank?

Hi all, I am looking into to buy this apartment for own stay

Permai Puteri Apartment
Location: Ampang
Tenure: Leasehold
Built-Up: 833 sq. ft.
Asking Price RM 160,000
Bedrooms: 3
Bathrooms: 2

Does anyone familiar with the 'real value' of this unit?

We are looking forward to take loan under two people's name (bf and gf) up to 90% and try to control monthly repayment below Rm900.

so what kind of loan rate that we should be looking at?

Thanks a lot!

This post has been edited by moody5: Oct 1 2010, 11:22 AM

just to let you know.... for below RM900 a month, u can take up to RM180,000 loan.... provided your credentials can allow you to take.... with loan ammount.... @30 years, 4.3% p.a. interest rate (just estimate).... ur repayment is around RM890

or

if you are taking a loan of the above said.... ur loan amount would be RM144k (90% loan).... and you can take a 20 years loan which would be around RM895 a month.... or 30 years loan which would be RM712 a month... based on 4.3% p.a.

i am not a banker nor a mortgage consultant.... so i might be wrong... lolz....

I wish to apply a loan for an unit of dsl priced at 370k++ in klang. any good loan to recommend? pm me.

thanks

at least i got some idea..

which means current loan rate is around BLR -2,right?

Just here to help as others here helped me alot as well.....
Yea... i am using that as a based interest...

hi, this is the first time i try to buy a house.

my target is - sentul utama condo
price - 195k
sqf - 877


i tried to find a bank that can give me a better offer

currently the best offer that i get is from HSBC with BLR-2
it also provide me with current acc - if i save my money there they said i will enjoy much more less payment and interest.

let say my loan is 180k

180k - (current saving) x interest

can someone explain to me a lil bit more or provide me a link about this benefit?
what you guys opinion regarding on this?


any other recommended bank?

please let me know because i got another 9 days before signing the s&p..hehe

thanks

Hi ryujimitsui,

To be frank, it depends on how you think of this facility (this is full flexi loan package, available with other banks as well, like PBB, HSBC, SCB, HLB...). Certain clients might think it is a good facility to them as they have quite a large sum of idle money to keep in the CA and offset the interest incurred by the loan while some consider that it is not a good option. Basically, the latter kind of clients are more investment-oriented. Considering you make a loan of 1M and you keep 500k in the CA. In a simpler manner, assume the current rate of interest is 4%, you have save 4% interest of 500k, which is around 20k. However, the latter kind of clients have a different mindset that if they are able to invest in other option that yield more than 4% return, it won't convince them to take up such facility. Most of the time, ppl will just tend to use this facility as they seldom have any options that can provide them with a return of more than 4%, sometimes, with a structured MLTA, it will save more interest than utilizing a simple full flexi package. The full flexi might be a good hedge against high rise interest rate during bad economy outlook (provided you have plentiful of money).

It is too late to ask for suggestion now as you don't have sufficient time to go through another cycle of loan application unless you drag the signing of S&P or you appoint your own lawyer to do both S&P and loan doc for you simultaneously while pending for the next loan. For your loan size, the rate can be around BLR -1.9 ~ BLR -2.2, subjected to profile variation and property financed.

Next time, better to have the consultation first prior make any move (in regardless it is going to be professional or amateur). It might helps a lot in term of getting a good offer and cost & time savings in other aspects as well.

Have you paid the booking fee? if not quickly find chris....

Hi moody,

Consider BLR = 6.3% (MI=Monthly Installment, sales price at 160k)

Scenario 1: Mof: 90%, Tenure: 30 yrs, BLR - 1.9%, MI: 721.10
Scenario 2: Mof: 90%, Tenure: 20 yrs, BLR - 1.9%, MI: 903.26

Scenario 3: Mof: 90%, Tenure: 30 yrs, BLR - 2.0%, MI: 712.61
Scenario 4: Mof: 90%, Tenure: 20 yrs, BLR - 2.0%, MI: 895.54

Scenario 5: Mof: 90%, Tenure: 30 yrs, BLR - 2.1%, MI: 704.18
Scenario 6: Mof: 90%, Tenure: 20 yrs, BLR - 2.1%, MI: 887.86

Scenario 7: Mof: 90%, Tenure: 30 yrs, BLR - 2.2%, MI: 695.81
Scenario 8: Mof: 90%, Tenure: 20 yrs, BLR - 2.2%, MI: 880.22

Scenario 9: Mof: 80%, Tenure: 30 yrs, BLR - 2%, MI: 633.44
Scenario 10: Mof: 80%, Tenure: 20 yrs, BLR - 2%, MI: 796.04

Computation above might varies due to minor differential, can be used as reference but not the exact monthly installment. MI might fluctuate, corresponding to the movement of BLR and the loan packages' features. You can download the mortgage loan calculator which developed by our IT team which right below my initial and calculate your monthly installment by factor in your expectation of BLR movement + quick settlement's additional payment.

Hope it helps.

thanks cris for your kind explanation.
i understand how the system works now.
i agree with you, we should make some view and consultation from someone like you before making any further steps.

another question cris, how they calculate the interest? its on daily right? can you show me some example about the calculation?

i noticed for each month my salary will be bank in by my company and of course i will draw the money out depend on my needs. so if they calculate those thing in daily basis, the balance of my salary will be calculated too as long as im not draw everything out.

how they calculate the interest cris?
let say 4% interest? does it mean 4% interest per month which mean 4%x12 months per year?

hope you can explain a bit more detail regarding on this pakage.

thanks

Normally the 4% is per annum.....

if i am not mistaken,
calculation: 4% of your remaining principle divide by 365/366 days.... that's how much you need to pay interest per day.

This post has been edited by lazzy_dogg: Oct 1 2010, 10:17 PM

thats mean it will be good if we dump all our money into asb rather than CA?
if yes i will cancel my intention to move all my money on asb to CA..lolx...

but if 4% per month.. for sure i will do that..haha