I just got BLR-2 for first five years and BLR-2.5 subsequent from Standard Chartered.

I just got BLR-2 for first five years and BLR-2.5 subsequent from Standard Chartered.

I have a question, say my 1st hse used EPF Acct 2 to withdraw ady more than 10 yrs now. Current on TL with mthly repayment of RM750++ with balance princpal abt RM90K.

Now i'm planning to buy a 2nd home but i can't sell the 1st hse (huge investment mistake!). My wife can withdraw from her EPF Acct2 but new hse is RM400K. I dun wan touch my saving for the reno yet at the same time wans to reno the new hse come 6/2011.

What are yr thoughts on this:
Option1
Withdraw from my Acct 2 in EPF and used RM60k to reduce 1st hse principal and then refinance the hse and used the 60k to renovate new hse. Is this possible? DO i need to change bank?
Option 2
Alternatively used 60K from EPF to pay the mthly repayment which i'll be using the mthly savinbg of RM750 to renovate the hse when the time is due incl maybe take some small personal loan?

after sign letter of offer? what next?

my friend took up with EON. only yesterday i sms him ask if he signed his loan agreement. my friend not so familiar with all these things, he said "no need go lawyer its all done for him". he didnt have to go to the bank to sign the letter of offer either. the bank's officer came to his house. I said when did he sign the loan agreement? he said at the same time he signed the letter of offer. I was shocked. Worry dunno with who or what he signed.

Anyway just now he told me that he got a call from the bank today, asked him go sign loan agreement.....LOL.
but check this out - he signed the letter of offer like 2 months ago!

I just got BLR-2 for first five years and BLR-2.5 subsequent from Standard Chartered.

i signed my LO and loan agreement in the bank also. The lawyer came to the bank and let me sign everythings in the same time. Save my time alot

because you got some special arrangements ma, normally this will never happen in normal cases because the bank dont even know if you are going to sign their LO. They wont ask lawyers to prepare loan agreement on the spot like that.

btw my current bank called me ask me why I never take up their restructuring offer. i told them you all not willing to even waive rm460 of processing fee. I ask for better rates, you all give me 0.1% more from -1.65% and increase 1 year of lock-in. I said Im going to another bank liao. Now they tell me they will match what I am getting etc....but its too late.

Like I posted before I cant understand why banks not interested in retaining current customers. Only after they run away, then only want to chase back. Even you give them warning that you will move to another bank also they dont care.

actually my current rate is BLR+ something. They reduced it to BLR -1.65% but increase locked in from 3 to 5 years. Charge me processing fee of rm465.

i then asked for a better rate, they came back with -1.75%, increase 5 yrs to 6 yrs locked in. reduced processing fee by 1 ringgit.

HLB

I just got BLR-2 for first five years and BLR-2.5 subsequent from Standard Chartered.

which one will you choose?

Bank A:
1st 5years : BLR - 1.70%
susequently : BLR - 2.4%
not a flexi loan (no CA)
lock-in: 5yrs

Bank B:
BLR - 1.90% (or up to - 2.10%)
Flexi Loan (with CA. hence deduct RM10 for maintenance fee)
lock-in 6yrs or 7yrs

which one will you take? which is better? kinda hard to choose for me...

I just got BLR-2 for first five years and BLR-2.5 subsequent from Standard Chartered.

IMHO dont ever take up HSBC loan

i just got an offer from my current bank to restructure my interest rates from +0.1 to -2. T&C still doesn;t know yet coz haven received the letter.
Is this a good deal from all expert?

both also not that good, i think you can still shop for a better home loan out there...Since your name is Winning, why take up LOSING loan

that's the best i can get. u've got any recommnedation?