Hi all,

I'm planning to buy my first house... and very headache la.. My financial knowledge is like kosong la...
I don't know what to ask leh...

House price: 240k
Loan amount: 90%
Loan tenure: 25-30 years

Additional info: New house, still building.


what are the rates? and what should i know? and what is MRTA??

another problem is i work offshore, so i don't have income tax and epf.

This post has been edited by jiew71: Nov 10 2010, 04:00 PM

if you have tax declaration in other country, that should be fine... all we need is the proof of income and your passbook/bank statement advice tally with the income

MRTA=Mortgage Reducing Term Assurance
An insurance where cover your home loan outstanding incase you pass away, where your family still can own the house without need to worry for the remaining installment to pull back by bank for lelong.
Not really a good idea as when you want to refinancing/purchase new house:
1. existing MRTA will be burn, the premium you paid just simply gone.
2. By then you need to purchase a new MRTA based on your elder age, premium is even more expensive.

MLTA is a better alternative as you still can hold it even you want refinance/buy a new house, you still can deposit the premium based on your current age. You may surrender the policy and get back the money to cover the remaining outstanding of your home loan.

BTW, please check your PM. TQ.

House price : rm124k
loan : 90%
tenure : 30-40years
my first house(completed)

please advise me the plan & installment

There is actually some surrender value from MRTA when you refinance. Just that many people don't know about it.

yes... there is some surrender value.... but really not much

looking bank loan for 1 time house buying
house price: 330K
loan (90%): 295K
tenure: 30y
loan type: prefer flexi loan

anyone can help? please PM me
thanks

Hi Newbies and I know nothing about Bank Loan
Care to check what is the best rate I can get if my property is RM208050 (still under construction)
Request Loan is 90%=RM187245

What is the best BLR Rate that I can get?

Currently my property is under DIBS, It zit true those buyer under DIBS must use the Developer Bank Panel, must use the Bank Lawyer and Lawyer fees cannot be include in the Loan and lastly if you are buying a property under DIBS the BLR given are differ from those are not under DIBS?

Lastly, kindly calculate for me how much is the estimated Loan Agreement fee that I need to pay? As the banker request me to prepare RM3500-RM4000 and she said already given 35%...Is she trying to bully a newbies who knows nothing about Loan or she is really geniune stating that this is the best she can offer me? She even told me that those NOT under DIBS, BLR-2.0~BLR-2.1 and for me she is giving BLR-2.2. Can I request better rate? Not to forget for both DIBS and non DIBS buyer , locking period is 5 Years. It that too long or reasonable?

Plzzzzz Plzzz advise...I'm a lady who really knows nothing about anything. All I did is just follow what Sales Agent and Banker told me to do.

Note : DIBS = Developer Interest Bearing Scheme = Pay No Interest during Construction.

BLR-2.2 seem to be a good deal for me.

Under DIBS, it is based on the developer's arrangement. They can predetermine a set of lawyers and you can choose from them for your legal issues on SPA. Some are extended to loan agreement as well. So it is normal.

There is no facility for SPA financing at the moment, but for loan agreement you may finance it to the loan.

RM3,500 to RM4,000 is very good already lo. Stamp Duty already at high side and include RM3,500 to RM4,000. That 1 is ok. Don't worry on that.

The rest I cann't help you.

Property price:285000.
Loan value:90%
Loan tenure=30 years.
Under construction ,interest bear by developer.
Prefer MLTA.
Anyone attractive package PM me please.

Please check your PM, thanks

It can be a lot, but of course depends on initial amount paid for MRTA and how many years left for it.

---

Added on November 13, 2010, 6:33 pmMLTA is much more costly then MRTA.

This post has been edited by prody: Nov 13 2010, 06:33 PM

Property price: 685k / 850k
Loan value:90% or more
Loan tenure=30 years or more
Prefer under Islamic

Anyone have attractive package PM me please

hi,

can anyone confirm? if i were to use my company (i'm a director) to buy a residential property, is it affected by the 70% LTV? I currently have 3 property loans under my own name. will i be able to get 80%? if so, what are the differences that i should look out for?

This post has been edited by teoanne: Nov 13 2010, 10:20 PM

If this is the first/second time that you using your company name to to purchase the residential type property, then still can get 90% loan.
Bank will be check the directors' background to make sure they their current loan payments are up to date and no blacklisted.
Welcome to contact me if you interest to know more about Hong Leong Bank's package.

This post has been edited by tiffneedle: Nov 14 2010, 01:11 PM

if buying a third house., bank only gives oan up tp 70%? is this fixed and been implemented? are there ways arnd it to get higher loan margins?

Settle the first home loan, or refinance the first and second house to cash out for you to pay down payment for the 3rd house.

Property price : 259,700

Loan value: 90%

Loan tenure :30 year

Under construction ,interest bear by developer

Any good package PM me. thanks~

Hi, any loan package for property < 100k?