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Latest mortgage rate for housing loan packages, All Mortgagers are welcomed to post...
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hong0228
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 Sep 9 2009, 10:56 AM
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Getting Started
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Preperty amount RM350k
Loan amount 150K
tenure 20 years.
OD 100K (so far no use yet, but may use within this few month for house renovation)
OD rate: BLR-0.75
History:
buy the under construction house on year 2007 with BLR-1.1
appeal the rate on year 2008 with BLR-1.5 from Public Bank.
now the house is complete with OC obtain.
would like to know is it worth or not to refinance with RM250k for tenure 20 years?
This post has been edited by hong0228: Sep 9 2009, 11:25 AM
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hong0228
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Sep 9 2009, 02:37 PM
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Getting Started
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QUOTE(onnying88 @ Sep 9 2009, 01:29 PM) What's the penalty amount and new lock in period after appeal to blr-1.5? How much roughly you going to use for the OD for renovation? Will need above info to calculate the break even year. 
Added on September 9, 2009, 1:32 pmThanks, Just trying to share and help our dear forumer with my little knowledge. I'm still in the learning process too may b using around RM50k for renovation. after appeal, another 5 years lock in from 2008 and penalty 3% base on loan amount which is RM150k if refinance. This post has been edited by hong0228: Sep 9 2009, 02:38 PM |
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hong0228
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Oct 11 2009, 03:04 PM
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Getting Started
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QUOTE(jackchp @ Oct 5 2009, 04:00 PM) hi....fyi,
ocbc ideal mortgage is new in market and not more than 1/2 year..
1st year = 2.50% fixed rate
thereafter = MLR-1.30% (current MLR = 4.40%
lock in period 3 years
penalty:
a) 1st-2nd years = 3% of origin amount or RM 5k which is higher
b) 3rd year = 2.5% of origin amount or RM 5k which is higher
and this package is only offered for completed property.
this package also offering home extra, which means providing an extra term loan 10% for you to do renovation or others purpose.
u also may extra privilege on PLB(portability loan benefit)...
MLR is the term that use only for OCBC, which is same as KLIBOR is the term use for standard chartered? standard chartered BLIBOR will revise their rate every 3 month, how about OCBC MLR? how OCBC MLR been calculate? OCBC ideal mortgage is flexi loan or .....? |
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hong0228
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Oct 14 2009, 02:22 PM
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Getting Started
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QUOTE(abyss8 @ Oct 14 2009, 11:18 AM) Latest OCBC Ideal Mortgage MLR -1.3% Whole Tenure **Current MLR 4.4%** 3 years lock in period early exit fee 2% on loan amount or 5k whichever is higher no prepayment restriction non - zmc min loan amount RM 150k other T&C apply MLR is the term that use only for OCBC, which is same as KLIBOR is the term use for standard chartered? standard chartered BLIBOR will revise their rate every 3 month, how about OCBC MLR? got any historical record on the MLR rate? how OCBC MLR been calculate? OCBC ideal mortgage is flexi loan or .....? |
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