well, I have to say that your are a shrewd customer.

but according to another unnamed source:

If the customer have a number of agents attending to them, the property agent would not even bother to call the customer up because to them, the chances of getting the deal is 1/10 because they are competing with another 9 agents.

they are legitimate customers, but because of the bossy nature of the customers, the property agents would not even attempt to do business with them. This is when the customers are given too many options and freedoms, they get arrogant. (of course there are many other good buyers around)

So, if you want to get the best property agent to serve you, be nice to them and let them worry about your case. they are more than happy to serve you.

This is what I heard. Not applicable to bankers i believe... The level of appreciation from customer is minimal and we are obliged to provide timely service and hold no grudge.

And oops, that might or might not include your case........ no pun intended

When there is a complaint saying that bankers did not provide adequate service and good follow ups.... erm, i guess i better stop here... do we really need to argue on this point? It is always easy to point finger at the bankers and do they have a right to point back?

Let those who have engaged the bankers' service in LYN comment on this. I believe most bankers are providing professional services at no charge.

it's FOC!! All you need is, to ask for the service POLITELY.

Oh well, Nvm if you maintain this kind of mindset.


oh yea, i didnt know now the bank are not collecting interest for the loan they lend out. based on the comment above

you are not doing charity here.

do you expect your customer to say,"pls take this for your hard work" when you couldn't give them the best offer and they need to call you up with their $$ for the updates.

do you know how much your customer need to pay if the bank couldn't release the money to the seller after 90 days period. it is 8% P.A for the next 30 days and forfeit the down payment after that.

if you, as a banker, who earn the money, does not want to do follow up/coordinate and check for your customer. who else will do the job.

After they have paid all the service charges and bear the interest of their loan for another 20~30 years, do you expect them to call you to weekly and check for the status or they need to take the risk of paying extra.


I can tell you that, no one would want to waste time here asking for fun if they are not interested to borrow.

I am also interested to know who else doesnt want the best loan packages offered from bank and take the risk of paying extra due to inefficiency of the banker.

A professional banker will list down all the required documents and fees incurred in the application and
make use of their customer information to fight for the best rate for their customer and do all the follow up until the bank release the money to the seller.

A non professional banker will just collect and submit the documents to the loan approval officer and never bother to check as their customer has already signed the letter of offer. when the documents are incomplete then call the customer to submit again.

if you dont know how you competitor doing business, go to other property website and see what kind of service offered at there. if you dont want to go there, find Roy posts and see how he doing his business here

if you are not able to get the business from small fish like us, do you think that those VIP borrower will come here and ask you nicely for the loan while they are many banker waiting at their door or even approach them when they walk out from the showhouse.

I don't want to argue with you anymore and thanks those who have pm me.

loan for saujana puchong double storey 20x 70 endlot can how much?

This is the biggest problem when a customer think that a banker is representating for the BANK. Customer never realise that bankers are actually lawyers for them for loan approval.

Customer (Defendent), Bank (Judge) and Banker (Lawyer), as you can see, Banker's job is overlook at the Banking line industry.

Banker will always give them their best service and best package they can offer to help their customer. But it is the Bank (Judge) to decide which offer and package to give to customer. Since every bank got their own policy, a Banker can't give all what a customer wanted. Banker (Lawyer) don't create the policy, they assist and help to overcome the policy.

I have an experience a customer made an appointement with 3 Bankers from other banks at the same time and ask them all together what we can provide, I just left them alone and told the customer, only contact me again if only you seriously respect a Banker as a Lawyer to help you. If a customer doesn't know how to respect a banker then there is no point to go further.

A smart and knowledgeable customer will never blindly to choose a loan with only the best interest rates for housing loan. There are so many things to consider for a housing loan.

By the way, most VIP borrowers do actually consider better services rather than interest rates as they know, trust, product knowledge and service is the VALUE that they want from a Banker, not PRICE.

When you look at the VALUE, you dont look at the PRICE;
When you look at the PRICE, you dont look at the VALUE

Anyway, just a humble opinion from me.

I dont mean to point to anyone, just to share to everyone that sometime things doent look as it seem to be.

Cheers

VONG NYEE HOW
012-8560466
vongnyeehow@live.com
Mortgage Specialist
United Overseas Bank

This post has been edited by vong: Dec 7 2010, 11:00 AM

Hi,

Searching around for suitable housing loan;

Property price : 330k
Loan Margin : 90% or full loan if possible
Loan tenure : 40 year (current age = 30)
Property Status : Completed
Property Location :Kajang
MRTA/MLTA : MLTA
Additional Info : wanna joint loan. total income 5.1k

pls PM me.. TQ

Can I know what is the best flexi loan on offer now in JB for a 220k apartment? Any loan agent from JB?

Hi,

I'm seeking a used house near Menglembu / Buntong, Perak ( Ipoh Area ). Does budget 2011 start yet? Taking with full loan. There have a two situation, both same area but differ fasa and development.

Property price : 120k / 200k
Loan Margin : 95% or full loan ( the best )
Loan tenure : 40 year (current age = 26)
Property Location : Ipoh
MRTA/MLTA : Depend

Income: SGD 1400 Min
BTW, what is my maximum loan properties, repayment around RM1k per month

If join name, current income plus RM1.5k, will it entitle to support my loan?

Wait your reply soon, pls PM me some of detail and your contact number.

Thanks in advance.

Jeffrey

wow vong,

this is some statement. if i would believe that what you said is true i'd be ever so much worse off.

let me ask you how is your salary paid? by the bank from the profits they make from their customers. it's naturally in your best interest (and the banks) to give me the worst deal that you can get away with. anything else would be a bad business modell. this is why customers will and should use ways to make banks compete for the loan. only then better offers will be laid on the table. you seriously want to claim that if i ask you nicely you will make sure i get the very best deal in town because you fought for me? i dont think so. when i go loan shopping i NEVER get the best deal by just asking one banker and then hope for the best. of course you must compare and haggle. it's just like making any other purchase- customer dont want to haggle, his loss.

and one more question: what sets loans apart from each other? the smile from the loan officer? how often do i have to see them? probably not too often. what other services can i get? i get my loan, pay my installments, make add. payments and renegotiate if necessary to get even lower rates - or i leave. if you have a big loan you get better rates by default already and even better rates if you ask for it. i am actually currently having my loan with a bank i dont like a lot at all because they gave me the best deal in town. i'll pay and leave them again - its just business afterall.

but then again you might be the exeption here. i dont think however that your suggested strategy will serve a whole lot of loan seekers well.

Hi,

My point is very simple and clear. We work for the Bank but we fight for Customer. I Bet All Bankers from All Bank would everyday pray and wish their bank would give the best package in town for their Customer so they do not wish to compete with other bank. But it is by end of the day that the Bank that decide what to offer.

I never mean to bash or point anyone here because I myself is also the innocent customer who buy house myself. I just want to share with everyone that a Banker's job is overlook in Banking line industry. As an unnamed user above said, most bankers are providing professional services at no charge.

Sorry if any of my points is being misunderstood.

Cheers~

Do you think i got the best package? signed the offer letter already

RM300K loan amount (90%), BLR - 2.35%, flexi loan, RM200 MRTA (to get best rate for blr)

other local bank just can give me blr -2.2%, somemore not very keen to approve my loan as i'm self-employed...

This post has been edited by xSean: Dec 7 2010, 08:00 PM

Again, for me as a customer, i don't see any difference between a banker with other salesman selling other product and services.

Our concern is whether our service/product (Money) delivered on time (within the date specified in the S&P) to the seller as we are the one who will be penalized for the late release of money to the seller. I often seeing this kind of thread across all the forum that has property subforum. we dont care what happen at your back end as you are hired for doing that and not us. as we are buying thing, we dont care how your product is produced, what we want is when can we use the product. if you think you cant deliver your promise, dont give the promise.


and also is our service/product is delivered at what cost(interest rate) and are we aware of any hidden cost. often i heard is all the banker are collecting some hidden fees after their customer have signed on it and telling them all the bank are collecting this fees. you can notice this as well in the property forum. the banker have forgotten that the customer can choose not to borrow the money.

where is the consumer/customer right in this case

for the banker posted above, when you walked out from the join meeting with your customer (or potential customer). can you call yourself as professional when you did this to your customer. calling you for meeting is to give you opportunity to sell your product. IF you have confidence and think that your customer will chose your product base on the value that you mentioned and not the rate of your product.

why you walk away.

from what i noticed from the service given by SOME of the banker, they treat their customer as the beggar who beg for their mercy for the loan. if they are not happy, they just walk away.
they have forgotten how the bank are paying their salary. without mortgage loan, will they exist or not in the organization.

If you mentioned that every bank have difference policy and system for the rate given, why the rate given to me is higher than my new house nasty neighbour who works as general clerk in lawyer firm singapore.we borrow the same amount of money from different officer from different branch of the SAME bank and same loan packages. both of us are not the loan defaulter.

even his banker was sending him email weekly for all the update of his application until bank release the money while i need to write in to the developer to ask them wave off the 8% interest due to late release of the loan to the developer.

100k or 150k is not a big amount to the banker but they are not the one paying off the money for the next 20~30 years. is the customer who need to pay back the money.[COLOR=red]

MOD, if you think this is irrelevant and BS to this thread. please delete it as i have already got what i want.

This post has been edited by alfred liew: Dec 7 2010, 08:23 PM

Dear bankers or agents,

Need help to secure two loans:

1. Refinance a condo/ apartment in shah alam, now on the 6th year with Scotia bank - piece of shit, can't pay online and limited branch ( initial loan 154k), current market price> 200k

2. To buy a piece or agricultural land priced at 200K at a strategic location in Johore, next to Pulai waterfall, 2.25acres full with fruit trees.

Income SGD7.5k/mth
Age 32
Married with one child

Current commitment:
Car loan 530/mth
Housing loan 1000/mth X 2

Please PM me

Thanks in advance

This post has been edited by johnwoo: Dec 7 2010, 11:49 PM

u gt pm

Greetings Forumers,

I would to like to represent Home Save Financial Consultancy to deliver our appreciation for all the supports from LYN members to utilize our services since our presence in this thread. Due to change in company policy and cost issue, our company effectively withdraw all the supports and no future comments will be post within the thread from 08 Dec 2010, 00:00 am onward.

Future arrangement

1. Previous discussions and advices will be deleted and a duplication will be extracted and repost to the archives of our Facebook pages. Will be completed upon 18 Dec 2010.

2. New thread might be set up which specialize in providing advisory service to LYN members if it is approved by BOD in next meeting, 20 Dec 2010. LYN members will be informed within the thread with topic titled, "Latest mortgage rate for housing loan packages, All Mortgagers are welcomed to post..."

3. In the meantime, LYN members are welcomed to seek for advices via mail, home_save@live.com. Nicole will forward the mail to respective officers for engagement.

All the best with LYN members and have a great days.

Regards,
Chris Looi,
Head Executive Office.

Please check your PM,

Cheers

erm, I believe you really know little about how the bank process works. and i do agree that is not your concern, that is our concern. But in order to help you to most, you have to cooperate.

And I will let you know if you would like to know it. but before hand, please ask for it politely. A lot of bankers are not paid by the bank, meeting up is always forking out from own pocket, not as what you said, can claim and etc etc. would it be better if you are unsure if you are taking the loan from, do them a favour by showing your appreciation to them. If you know the costs incurred monthly for travelling, return calls to customers, calls to valuer's office versus the exactly commission received (which is 4 months after you signed the S&P), you will feel pity for them. But who really cares?

It is good that you showed the mentality of maybe majority of the borrowers, to fight for the best rate. And we do serve them with a smile and even if they opt for other bank we are happy that we are able to help, as a friend or as a fellow forummer.

But i believe you also showed the mentality of a minority group who demands a lot to get everything done and offer little cooperation. That is exactly how you get a bad treatment from your previous banker, i assume, no offense.

And yes! bankers get paid if and only if you signed up for their service. And do bear in mind that you are the one who is borrowing from the bank and the bank have a lot of processes at the bank end, we are not the one who approve or reject you loan. and we can do is make use of the most of your situation and provide you timely updates.

And you needlessly drift away from our question, saying that there is no follow ups, "pls take this for your hard work" and the comparison of a professional and non professional banker etc etc. And the indirect question of my integrity. *ps: I never say you are a small fish, please quote properly. It was mentioned by another user. You feel unjust because you are paying interest for the loan and the treatment you received is not a pleasant 1. Is this karma?

My question is:
Do you think it is fair to the bankers if all their hard work are not getting paid?

And you answered, I PAY THEM with the interest in my loan. Yes! that is when you signed for his/her bank. What if you do not take their loan, will you still appreciate what they have done for you? From your lengthy explanations, I can see it as a big NO!!!

If you do not understand what a banker's life is, please do cooperate by not providing your previous statements that show immaturity. And your sentence about: "my new house nasty neighbour" shows something about your character too.

"There is no respect for others without humility in one's self."
-- Henri Frederic Amiel

Hi
Any one can PM me the best loan package (lowest BLR, flexi)?

Property value: +-RM240K
Property Location : KL Ampang strategic location (Condo)
Loan Margin : 90%
Loan tenure : 30 year
MRTA/MLTA: MLTA
Liability: Car less then RM300/mo, ended in next 1+ year, Credit Card - no overdue

- need Flexi/semi-Flexi feature, hopefully no monthly/yearly fees for it.
- not taking Zero Moving Cost feature

This post has been edited by willer: Dec 8 2010, 07:37 PM

Maybank current offer BLR-2.2-2.3%
finance up to 90%+5% for legal fee and MRTA
MRTA is optional
tenure up to 40 years
flexi
only handle house value RM300k and above

pls call CK 012 2948810
KL/Federal Territory

forum bankers and brokes are always providing good service to customer
i use one word to explain our effot

"" Desperate In Sales ""

woorayyyyyyy

carmen tee

---

Added on December 8, 2010, 11:11 pmwhat happen here???? few days nv check forum .. so many surprise here

This post has been edited by carmentee: Dec 8 2010, 11:11 PM

Hi,

Please check your PM.

CHeers