Am going to refinance my property. Loan amount slightly under 400K.

all Bankers - pls PM me with your contact details, if possible.

Am particularly interested in knowing about packages that pay for my early penalty fees. tx.

PBB is one of my bankers.

IMHO - that package above is no longer competitive.

1. If i'm not wrong, that product is a plain vanilla flexi homeloan. It's not a Mortgage One or Savelink variant from SCB or ABMB. In other words - it does not have a Savings / Current Account offset feature. So no biggie.

2. Nothing great about -1.8% if rates is what you're looking for. Some banks can go up to -2.2% ZEC and -2.4% non ZEC.

Cheers.

oh - i am quite sure they have. pls do your homework before being a skeptic, my friend.

1. Is your SCB homeloan a standard conventional or Mortgage One? Same question for your PB loan

2. When was your loan approved?

well it depends - u can get -2.1% for less than 100K as well, for a conventional loan in SCB.

but pls bear in mind - it's not a pure flexi loan. Only MortgageOne should be classified as a pure flexi. And unfortunately, they don't charge that cheap.

To all bankers out there. I am exploring other options again, other than my regular bankers.

I am an investor with more than 4 properties in my CCRIS. I need 90% margin of financing. I am not interested in anything less than 90% financing. My repayment record is clean, and my debt to income ratio is very healthy.

PM me to let me know what I need to do to give your credit processing units a level of comfort.

If u can tell me the ways of securing my 90% financing - i'd be most interested in doing business with you. Feel free to PM me.

thanks.

Yes, I know that, chief. Obviously, I need the specifics - e.g. FD amount to be 1/3 loan exposure? FD / UT / Stcoks that are 24 x of your installments? Each bank varies in terms of their deviation approvals. I'm suprised that most bankers (those that I've met anyway) - can't give me any specifics.....

Well, I need the specifics to prepare the additional doc's, dont' I?

anyway - thanks for the interesting conversation.

Pai & MeeJawa - I think it's time we met up to discuss all loopholes.

I find the 50% FD rule which disregard CCRIS a bit hard to believe - but hey - the more "loopholes" the better.

The amount of "extra" documentation which I have in my house is now ridiculously high.

Different banks have different treatments of giving 90% margin to investors with more than 4 prop's. And it's perplexing that bankers (those I've met) are very vague.

I think Pai even discovered one which still gives 90% irregardless on how many number of prop's u own!

Pre-packaging can be easier - if we know all the "rules of thumbs" which bankers use. That way, I'll be able to standardize my documentation pack.....

So - what say u all? PM for timing and details?

terms seem fair, except for one point.

the MOF. U r willing to foot up 31% (approx 120K) for this? I wouldn't.

own stay or investment?

Well, chief.

The terms are good. But one of the main reasons they could offer u a lower rate is because your application less "risky", due to your hefty 120K downpayment.

I assume u have more than enough cash and have thought about your decision thoroughly to plonk down 30%. However, for poor people like me - I need that 120K for other potential investments.

So - if u r comfortable with your decision - be happy with it.

cheers bud

Chin Ming,

I'm also interested. I have PM you my e-mail. Please send a pdf doc of your home loan statement to me. I'm only interested in the flexi package similar to Mortgage One from SCB. I can get my answers from the statement. Thanks.

That's would I've heard too. I have always been a big fan of Mortgage One, but need to explore elsewhere now.

The statement will tell a thousand words. Sometimes, even better than a sales person.

there's absolutely no chance at all. Like what Boon mentioned, this particular "S" consultant mortgage company is just terrified stiff that there business proposition would be zilch, if everyone takes a flexi loan.

I suspect that some bankers would complain to BNM soon about these jokers.......Just like how some landbanking companies got caught with their pants down in the end.

I agree with Merce on this one.

A lot of people (including seasoned investors) get this point a bit mixed up.

In short - they confuse themselves. (me too, sometimes) Full Flexi / Semi flexi - has NOTHING to do with the offsetting of principle or interest or whatever. (Yes, it's important to understand that, but it's nothing to do with the term "flexi") Each bank has varrying treatments on how principal and interest is amortized over the loan tenure.

Let me give u a clear example of semi flexi. A bank is considered "semi-flexi" if u do not have the flexibility to withdraw funds with ease and convenience. For instance, I have to put in a request via writing - wait 5 days - and then the bank issues a cheque. For full flexi -u have the discretion to do so at your own ease because u already have full control at the onset.