Hi, I hope I can get some advise here, I myself am new to property, mortgage and stuff.

I just paid n RM1k booking for a condo unit worth RM224k. After my 7% bumi discount, the condo unit is RM209k.

My question is, for the bank to give me a 90% MOF, will it be based on RM224k or RM209k? Because if it is the former, then basically I do not have to worry about paying the developer the 10% deposit of RM209k right? Pehaps I can give a lower downpayment, which can be funded directly from my epf savings.

I am also welcome to receiving PMs on housing loans, be it term loan, flexi loan or islamic housing loan as I am gathering my documents now.

regards,

This post has been edited by DinKnight: Oct 20 2009, 11:24 PM