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 Latest mortgage rate for housing loan packages, All Mortgagers are welcomed to post...

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khhong88
post Oct 14 2010, 06:53 AM

New Member
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Junior Member
17 posts

Joined: Jun 2010
From: Kuala Lumpur
QUOTE(Jebonmacho @ Oct 13 2010, 10:53 PM)
Hai guys, I jus need your help. I jus purchased a new apartment (140K) n my loan can only go until 70% (cos of other commitment)

I have paid de 10% upon signing de s&p. My question is when do I have to pay de remaining 20% to de developer, isit before bank make their first release to de developer or after they have released all de money then i pay de 20%.

10Q a lot for ur helps.
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The bank will disburse the loan based on the progress claim from developer for new property. Prior to that, you need to settle the 30% down payment to developer after signed the SPA,

Have you signed the loan agreement? If not, do you have any supplement income like part-time income? You can appeal to the bank to increase your financing margin with supplement income.

Meanwhile, my banker can offer BLR -2.0% without MRTA based on client's profile. With MRTA/MLTA, you can get BLR -2.1% to -2.2%.

Btw, I'm a mortgage broker with various banks as panel. Pls email me at khhong88@gmail.com if you have any query.

Added on October 14, 2010, 7:01 am
QUOTE(animegod @ Oct 13 2010, 10:42 PM)
I've been quoted 8.4k for all fees to acquire the 210k property. faint...
Anyway, is there MOT charge payable upon approving the loan? I thought MOT is issued only after we fully paid the loan amount. Or did the lawyer charged MOT fee due to it's a 3rd hand property?

thanks for all input.
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The fee is on SPA or loan agreement? Think MOT is charged when your property's strata title is not issued. Which bank you took the loan & what's the rate they offer you? Need to reconfirm with the lawyer on MOT.

Btw, I'm a mortgage broker with various banks as panel that provide free advice to our clients. Pls email me your contact no. at khhong88@gmail.com for more effective communication. Thanks.

Added on October 14, 2010, 7:04 am
QUOTE(mr_civicfd1 @ Oct 7 2010, 12:14 AM)
hii, i'm looking for a housing loan
details are as below:
1. Sub-sales
2. around RM 120K-130K
3. Age: 26
4. address: pandan perdana (near the pandan lake area), cheras
5. Property detail: condominium
6. MOF: <90%
7. looking for BLR - 2.0+ range

appreciate if anyone can advise/suggest what is current best offer out there.

thanks.
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Hi, i can help you on the loan. I'm a mortgage broker with various banks as panel. We offer free advice to our clients.

Pls email me your contact no. & property details at khhong88@gmail.com so that i can help you. Thanks.

Added on October 14, 2010, 7:23 am
QUOTE(animegod @ Oct 12 2010, 08:23 PM)
Hi all,
I have 1 question. I'm about to put my signature on a 189k loan (property value 210k)
with Legal fee financed by the bank at approximately RM5k.
I'm about to be the 3rd owner of the property.

So, my question is how much approximately do I have to top up on the 5k legal fee financed by the bank? Does the 5k includes stamping fee, lawyer fee, etc?
Are there any other charges that I should be aware of, that might cost beyond the 5k amount?
And what if the legal fees are less than 5k? Where would the extra $$$ goes?

thanks.
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Hi, i can help you on the loan. I'm a mortgage broker with various banks as panel. We offer free advice to our clients.

Are you first time house buyer? If yes, property below 250K can appeal for 50% rebate on stamp duty. RM5k is more than enough for loan agreement. Does your bank charge valuation fee? Which bank you apply the loan?

Pls email me your contact no. & property details at khhong88@gmail.com. Thanks.

Added on October 14, 2010, 7:37 am
QUOTE(beast_doadore @ Oct 8 2010, 02:05 PM)
Any Pro please help!
1. Sub-sales
2. around 270-280k
3. Age: 25
4. Manjalara, Kepong, Jln Ipoh or Segambut
5. Property detail: condominium
6. MOF: more or less 90%
7. looking for BLR - 2.2 

How much for the intial payment?
how the lawyer, duty stamp and other charges calculation?

thank biggrin.gif

Added on October 8, 2010, 2:11 pmohh..btw, should I ask for the mortage loan before to buy a house or get a house 1st then just survey for mortage loan?

if let say I get a house 1st, how should I know how the mortage package I can get for example, how much per month I have to pay for bank? yawn.gif
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First thing, if you plan to buy a property, pls find out whether your income capability is enough to get a loan (eg: monthly salary + side income)? What's your commitment level (eg: car loan, personal loan...etc)? Most of the bank can allow to 50% commitment. From there, you set your budget. When you have confidence with the loan, you can pay the deposit 2-3%.

On ther other hand, you can indicate in the booking form the transaction will be cancelled & the deposit is fully refunded if you can't secure the loan. This you protect your earnest deposit from for-feited.

Btw, I'm a mortgage broker with vaious banks as panel. We offer free advice to our client. Pls email me your contact no. & email address at khhong88@gmail.com so that I can help you further. Thanks.

Added on October 14, 2010, 7:48 am
QUOTE(jeff_v2 @ Oct 7 2010, 03:26 PM)
any good mortgage package to offer me?
1. Sub-sales
2. around RM 250-280k
3. Age: 25
4. bandar baru bangi area
5. Property detail: 2 storey terrace
6. MOF: <90%
7. looking for BLR - 2.0 (fixed or islamic)
8. can get flexi?
thanks
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Hi, I'm a mortgage broker with various banks as our panel. We offer free advice to our client.

We offer fixed rate loan & flexi loan as well. Our panel bank can offer higher than BLR -2.0.

Pls email me your contact no. & property details at khhong88@gmail.com. Thanks.

This post has been edited by khhong88: Oct 14 2010, 07:48 AM
khhong88
post Oct 17 2010, 03:19 AM

New Member
*
Junior Member
17 posts

Joined: Jun 2010
From: Kuala Lumpur
QUOTE(no name @ Oct 15 2010, 01:06 AM)
HI guys...need your help on the best rate (preferably islamic loan) that i could get for the following:

Emerald Hill Condo Bukit Indah Ampang (7th floor)
Size: 1100sqf
Bought RM175k
Looking for tenure 20-25 yrs
MOF : 90%
Current offer i got: OCBc al-amin bfr-1.8 (no lock in period), Kuwait finance house BFR-1.9

Based from my observation, current rental there is minimum at Rm1k and up to rm1.4k. But i think im going to stay there instead of renting it.

Appreciate your advice. Thx all!
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Hi, i'm a mortgage broker with various banks as our panel. With the loan amount 167.5k, i can help you to get BLR -2.0% at least . Pls email your contact no. to khhong88@gmail.com.

Added on October 17, 2010, 3:24 am
QUOTE(hAnn @ Oct 16 2010, 01:38 PM)
hi all, 1 simple yet no whr to look up question i hav here... is thr any limit in refinancing a house or is it possible to re-refinance a house which is in refinanced loan?
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Hi, you can refinance your property many times with various banks or same bank. However, every time you refinance your house, there are some fees incurred, eg: loan agreement & valuation fee (some bank can waive).

Btw, i'm a mortgage broker with various banks as our panel. Pls email me khhong88@gmail.com if you have any enquiry.

Added on October 17, 2010, 3:34 am
QUOTE(home_save @ Oct 15 2010, 01:27 AM)
Dear animegod,

Regarding the charges of fees, you should be able to ask for the full details of the quotation. If you do have any questions on it, you can ask the office staffs for clarification and they have the responsibility to answer each of items for you as the fee that charged by the firms are highly regulated. They are going to face troubles if they overcharge you (normally, they only can charge you less rather than over charging you)

MOT is nothing to do with the approval of loan. It is related with the ownership of the property. In simple, MOT functions to transfer the property to your ownership. Thus, whether you are able to get a loan or not is not really an issue with when you are going to conduct the MOT. As long as you have agreed to purchase the property, you should have complete the MOT later to finalize the ownership transfer. Sometimes, it might associates with the issuance of individual strata title for non-landed properties as well. You would need to ask your lawyer regarding the arrangement of whole purchase. (It does not make sense that you signed to purchase a property, get a loan to pay your property but didn't transfer the ownership to yours right?)

Take times and talk to your lawyer nicely, ask him/her explain to you. I believe they are willing to share with you on this (as they don't want you to go to their office and shout for troubles) It is just not wise to ask a complex question here and take some amateurs' answers to improve your understanding. Advisable to sit down with your lawyer, talk and understand about it (and may be later on, verify the info with the others as a complement, especially when it comes to what exactly is MOT. I don't think you have a full idea right? )

Just my 2 cents, hope it helps. May be you can share with us on your findings from the legal firms later on.

Added on October 15, 2010, 1:36 am

Dear no name,

As per your loan size and specification, Islamic loan is unlikely to get anything better than BFR-1.9%. (It might be BFR-2%, but it seldom happens) You might be able to get a better offer at BLR -2.1% ~ BLR - 2.2% (provided that BLR and BFR are going to be priced the same in the future and you are fine with conventional loan)

I believe KFH does have lock in period right? Since you are going to stay there, it should not be a concern. Advisable sign the KFH offer. You need not to spend your effort in hunting for loan anymore as this is very likely to be the best that you can expect with your specification.

Just an add-on, for all forumers, advised to provide the full address as we as a banker or broker, this is an essential information.

Hope it helps.
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MOT is important too! If you can't get the consent from developer (in many case which the developer bankcruptcy), the bank will not disburse the loan until the MOT is completed. Hence, you will end up paying penalty to the vendor or juz forfeit your 3% deposit. Ask your lawyer to do the search whether is advisable to proceed the purchase or not.

Added on October 17, 2010, 3:39 am
QUOTE(y2kfirewalker @ Oct 15 2010, 03:52 PM)
Hi all...

For islamic loan MOF 90% (or more) out of RM474300...can anyone give me better offer than BFR-2.35 whole tenure + no lock in period? That is the best offer I got so far and if there is no better offer, I'm thinking of signing the LO soon. Completed landed property waiting CF, buy direct from developer.
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Grab it fast, it's a good deal! Btw, check the BFR rate of that bank before you sign the LO. Some Islamic bank's BFR is higher than market rate. eg: BFR = 6.6% instead of 6.3%.

Btw, i'm a mortgage broker with various banks as our panel. Pls email me khhong88@gmail.com if you have enquiry.

Added on October 17, 2010, 3:42 am
QUOTE(no name @ Oct 16 2010, 02:01 AM)
juz to check. Shudnt there be any processing fee 4 any loan app? If im xmistaken, bank negara had disallowed this. Theres 1 bank imposing rm200 4 processing fee
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Some bank will charge processing fee. However, banker can help to appeal to waive it.

Btw, i'm a mortgage broker with various banks as our panel. Pls email me to khhong88@gmail.com if you have any enquiry.

This post has been edited by khhong88: Oct 17 2010, 03:42 AM
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