Heard that banks are going to increase their rate to ~BLR-1.8%
and also BLR will go up.

Luckily I have got my loan offer letter 2 weeks ago.

Hi, i have a situation here and have several questions to ask. Hope the pros out there can help to enlighten me.

1. If I am 50 y.o. and I wish to buy a house(new or used also can) worth RM 200k, what is the MOF and max tenure i can get?

2. If I am 50 y.o. and i have a loan-free house(free hold) worth RM 400k and i wish to refinance it, what is the MOF and max tenure i can get?

3. For case 2, can i refinance RM 300k instead of the market value of RM 400k?

4. For each of the case above, how much is the MRTA or life insurance with riders(to cover the loan amount)?

Heard that banks are going to increase their rate to ~BLR-1.8%
and also BLR will go up.

Luckily I have got my loan offer letter 2 weeks ago.

Heard that banks are going to increase their rate to ~BLR-1.8%
and also BLR will go up.

Luckily I have got my loan offer letter 2 weeks ago.

Dun be too happy 1st, always / sometimes in the offer letter stated the bank reserve the right to withdraw the offer/facilities without assigning any reason (esp. letter offer from HXBC) even though after signing letter offer but before drawdown.

Dun be too happy 1st, always / sometimes in the offer letter stated the bank reserve the right to withdraw the offer/facilities without assigning any reason (esp. letter offer from HXBC) even though after signing letter offer but before drawdown.

sigh no choice, even if they don't change the T&C still have to borrow money

i) does that mean that the property title will be transfer to me? or just the loan bear by me only without property transfer?
Nope, the property is still own by your mom, just the loan will be bear by you. This is called third party loan.

ii) what if my mum doesnt wan to settle the loan after re-finance, am i the 1 tat going to face the full liability?
Yes, you have to take the full liability for the loan, simply because the loan is under your name.

iii) will i be blacklisted if the case on (ii) does happen?
Yes, if you or your mom didn't serve the installment for the loan, ONLY you will have bad record for you own CCRIS record. Once you have bad CCRIS record then you will be blacklisted for any loan application.

iv) what if the house was sold, and will it automatically repay the loan?
You mean the house going to lelong? If that's what you mean, then YES. If you or your mom still didn't pay for the installment for a period, the bank have the right to lelong the property and use the money to settle the loan.

Hi,all.

I notice the terms & conditions in the most letter of offer from bank (eps. in appendix attached) stated that they have the absolute discretion to vary the terms & conditions of the facility from time to time during the tenure.

Dunno why got such an unfair clause . IS IT MEANS THEY HAVE RIGHTS TO DO ANYTHING THEY WANT ???

Thanks for the clarification. I still got few more queries..

i) Provided both of us fail to pay, the house going to lelong.. after lelong, it will automatically repay the loan amount rite?
ii)If the loan was under me, so call the third party loan.. my mum has no rights to re-finance witout my agreement and acknowledgment rote?

Thanks for the clarification. I still got few more queries..

i) Provided both of us fail to pay, the house going to lelong.. after lelong, it will automatically repay the loan amount rite?
ii)If the loan was under me, so call the third party loan.. my mum has no rights to re-finance witout my agreement and acknowledgment rote?

Hi all,

I am looking for a housing loan . Would prefer the items as below:

- Property price RM200,000
- new completed
- MOF 100%
- Prefer Islamic, but will also consider others
- Tenure 30-35 years. (max)
- ZEC
- Age  30 years old

please PM me the best rate.

Thanks.

more or less same wit me..
ther eis soo many package... which 1 is to choose? headache... any1 can recommend a reasonable n knowledgeable lawyer to me for sortin out all d legal stuff...