Looking for loan amount 170k, have not apply any bank yet.

looking for full 30 years flexi tenure.. pm me for details ya..

just now i goto see house, the bank offer me
public bank none- Zec : BLR - 2.2/2.3 until finish
AM bank none Zec : BLR - 2.3 until finish
Maybank zec : BLR - 2.2 until finish

all is new house, not yet build.


is this reasonable ?

For under-con project, try get 0% before complete. Is those bank the developer end financial bank? Usually only end financial bank will offer 0% interest during construction.

they got offer 0% before complete, but is maybank, only BLR - 2.2% loh.
all cost pay by developer.

I have a question here..if let say the house price is RM150K but I want to borrow RM180K from bank..the extra RM20K wan to use for renovation after move in...can or not? appreciate answer

This post has been edited by imax80: Aug 8 2009, 11:55 PM

why not ? a lot of people do like that...but u must 'kowtim' with seller and lawyer also..

The only way is to get under market value property (must be value from the bank, not by seller).
For example the property market value is RM200k (value by bank or registered valuation firm), and the seller sell for RM160k only.
So you get 90% of RM200k loan from bank which is RM180k. So RM180k - RM160k = RM20k extra.

If not, there is no way you can get extra money.

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Added on August 9, 2009, 5:11 amA lot of people think that asking the seller to 'sell' higher price and put the price in the S&P, so that buyer can get extra money from the bank base on the "mark up" price
For example seller wanna sell for RM160k (market value), but put as RM200k in S&P,
So the bank will approve 90% of the selling price in S&P, RM180k of loan amount. Then buyer can get extra RM20k cash.

But please take note that bank give out loan amount base on RM160k market value only.
Bank approve loan amount base on the Market Value, not value in S&P.
So seller and lawyer wouldn't help in getting extra money.
If really wanna get some extra cash, you have to look for a good valuation firm that give higher price or bank that give higher market value. It might help to mark up the price a bit.

Or else, i really wanna know how to "kaotim" the seller and lawyer too if can. Hope you can share with us

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Added on August 9, 2009, 5:37 amMaybank zero cost and 0% during construction, then BLR-2.2% until finish
(save few k of legal fee and interest free during construction period)

Others,

public bank none- Zec : BLR - 2.2/2.3 until finish
AM bank none Zec : BLR - 2.3 until finish

For sure Maybank is the best choice in these 3 bank. 0.1% is maybe RM1X extra only per month.

This post has been edited by onnying88: Aug 9 2009, 05:37 AM

what i mean by koatim with the seller and lawyer is seller agree to sell lower then market price and lawyer will state market price in the S&P...

Dear Agents,

My current best deal for loan amt 240K is -2.2% BLR, whole tenure 30yrs. No MRTA and non-ZEC. Please PM me if you have a better offer? Thanks.

ABD.

Price Of House: RM588,000

Second Hand One But Brand New. (Coz One One Stay B4)

What Is The Current Offer?

Looking For Housing Loan Package

This post has been edited by teckhooi: Aug 11 2009, 06:31 PM

I'm wondering if the 0% interest during cons, is really 0% or the interest is then equally transfer into the instalment once u start paying?

It's really 0%, you have to pay nothing during the period.
And this is only offer by the bank which is End Financial to the Developer or the Project.

Would like to know if there are anybody that can help me do my refinancing, problem is that its between my mum and my name, is it possible for me to refinance the house without her knowledge?Indeed need help...Thanks

You mean without letting her knowing it or without doc of her?
Is property under your mom's name? If yes, there is no way you can refinance without her signature.

sound like you wanna sell your mom house...(just kidding)

Is BLR fixed for all the bank? where can get the latest blr?

1. nope
2. http://www.meshio.com/base-lending-rate/

Need some expert help for refinancing with flexi loan package. My current outstanding loan is 160K and thinking to refinance at 200k. The 40K cash out is for me to look for some biz opportunities that may and may not be used. So, I am thinking to bank in the 40k back to the loan as capital repayment (with withdrawal option for future biz opportunities if there are) to cut down the loan interest cost. is this something worthwhile doing or better off to just take the 160K loan?

My 2nd question is if a lock-in period of a flexi loan is 5 years, how could a prepayment of 5 years x 12 months help cut the cost of the loan - in both capital and interest?

Is the blr fixed by government? The webpage seems like having the outdated rate? it is past half year rate?

fixed by bank negara but subject to commercial bank....current blr is 5.55 ''most banks''