Danny,

I am just wondering how is your business like....are you paid by the banks or the applicant(if successful) or both?


minolta

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Added on January 7, 2009, 8:42 pmI am looking to re-finance a sizable home loan out from UOB bank. So for those mortgage agents that are monitoring this thread, I welcome you to pm me your packages.

minolta

This post has been edited by Minolta: Jan 7 2009, 08:42 PM

I'm looking for good interest rate for flexi house loan.
I'm from malaka and already pay the deposit to buy a Semi-D at rembia.
Properties Price:400k
Planning to Loan:200k - 250k
This is my first house so no exp. on house loan.
Currently StandardCharted offer -2.05BLR, can i apply to get higher rate?

This post has been edited by limlim78: Jan 10 2009, 12:34 PM

You may check out http://www.money3.com.my
Its a portal with the latest homeloan packages from all banks.
If you are looking for flexi loan, try Alliace, currently offering BLR-2.2%

Thank you for your info.

could anyone here please explain the difference between term loan+overdraft and flexi loan? what's the benefit of both package?

Hi,

Well i'm not sure whether is your "term loan+overdraft" different from "flexi loan", cause it looks like the same to me... but i'll explain the different between term loan and flexi loan in general.

You may refer to this link for the my post.



Do give me a call if you wish to know more.


Regards,

Merce Chua
Mortgage Sales Executive
OCBC Bank (M) Berhad
019 - 913 1127
ChuaCChie@OCBC.com

This post has been edited by merce: Jan 11 2009, 07:14 PM

Here's couple existing topic:
http://forum.lowyat.net/index.php?showtopic=555063&hl=
http://forum.lowyat.net/index.php?showtopic=703776&hl=
http://forum.lowyat.net/index.php?showtopic=725102&hl=
http://forum.lowyat.net/topic/559259

And if we're talking about realestate.net.my, below is a couple of links.
Gosh I do miss this marxdean guy. Long time didn't see him there; thus I retired also.... A good devil's advocate.

This post has been edited by b00n: Jan 11 2009, 09:31 PM

Hi,

We are paid by the banks only. There are no charges to applicants.

The advantage for being an intermediary is that we do not promote any particular bank as there are now more than 15 banks in our panel. The ultimate choice still belongs to the applicant. Within 3 working days (provided there are no missing documents or complications), you will be getting a pre-approved offer from the panel banks and you are free to choose the best rates in the market.

Other than this most of our staff are certified financial advisors. Besides Property financing we also have Business loans, grants, insurance advisory, investment, risk management, estate planning among others. You can also be assigned to a personal advisor should you need any help on other areas of financial advisory.

This post has been edited by DannyOP: Jan 12 2009, 09:00 AM

danny,

you told me 3 days, but it has been more than a month since i passed all my financial documents to u and yet i still get no follow up from you or your company or your panel bank.



This post has been edited by exshige: Jan 12 2009, 03:05 PM

Yes that is the normal case if there are no complications. Actually you did mention that the first bank that called regarding your refinancing is CIMB within 3 days with an offer of BLR - 1.85? As for the rest it may be due to complications with the balance 2.5% that your developer is not willing to release. I've checked with the office submission staff that they will try to chase for a solution to this issue by sometime this week or early next week.

I've also asked why there is so long delay in your case. According to our feedback the banks now are pushing to finish cases before the long holidays and the upcoming CNY. Those 100% problem free cases will be very fast, whereas if they come across any complications it will be addressed only after the 100% cases have been completed. Hope u can understand on this but rest assured the submission staff is still trying daily to expedite your matter.

There are also some feedbacks from other applicants who have successfully gotten their loan. From the pre-approved loan to the final process, how long it takes is also dependant upon a few issues :-

1) What type of property - landed will be faster than condos with strata title. Condos with strata title will be faster than condos without. Properties without title documentation will be subjected to land office submissions which is run by our beloved govt. This is where most of the delays come about as the land office are quite slow.

2) Actual average time from pre-approved to final stage (ie final approval & cash advance) = 1+ months (for cases with full documentation & no complications) to even 6 months (for cases without titles). So please take note on this as it applies across the board to all banks.

This post has been edited by DannyOP: Jan 13 2009, 12:44 AM

which bank offers the best rate now for zero package?

Every bank and their agents would tell you they offer the best rate.
However, it is your responsibility to do research and compare for yourself.

it is also based on case by case basis :-

1) amount of loan
2) type of property
3) credit profile of applicant

Another point to consider is the service.

anyone know the latest rate for hsbc zero entry package?

it is not fixed. Depending on loan rates <250k,500k+,1 mil+, which one are you looking at? HSBC is one our panels also. They are supposed to have good service.

loan about > 200k < 250k, any idea what's the rate?

Is it a new purchase or a refinance?

how much salary need if i want take a loan 200k

any bank agent here for housing loan?
iam looking for housing loan

hi sifus/mortgage experts
i would like to ask if i could have a bank pre-approve a loan up to a certain amount for the purpose of buying an auction property? it would be nice as that would mean no need to fork out the remaining 90% by cash or worst case forfeit the 10% if i failed to secure a loan.

This post has been edited by mouldybread: Jan 22 2009, 10:32 AM