am interested to know more about MLTA.
anybody wanna buy me lunch to go over the details?

am intending to purchase a house around rm600k vide subsale.
agent confirmed bank can give valuation at rm570k.
any agent from any banks are welcomed to PM me your best rates.
my initial thoughts are going with financing from insurance firms vide their fixed rates scheme such as lock-in 30 years 5.25%.
i have previous loans with OCBC which i find their service is average at best. am considering banks such as cimb, hlbb, maybank, ocbc too.
would also appreicate if forummers can advise me the total fees expected from my purchase and loans eg. stamp duty, legal fees, etc.

am buying in a hot zone where demand is way bigger than supply. am searching for a decent place in the area for more than 4 months liao. agents told me some have been searching for more than 2 years.
of all the viewings i had, most are in deplorable condition or not very promising location (eg T-junction or main road or next to sewer pond or next to transmission lines or something).

those in valuation line please correct me, valuation is based on historical prices. therefore, they rely on transacted price to churn out statistics about pricing for a zone. eg. say taman ABC have 200 units where 50 units are located in bad area. and for the last 1 year or so, only 30 units were transacted under sub-sale where 25 units were bad units. and say the transaction for the good 5 units are rm300k/unit and bad units were rm240k/unit. what do you think the valuer is gonna give to the next guy asking for valuation within the same vicinity for a 'good' unit?

anyway this is just me telling myself i am not buying at 'overvalued' price to console myself. given the choice, i wouldn't buy it now but some circumstances are unavoidable for me to purchase the unit immediately.

pj ss2x

for each and every single cent that i'm saving all my life, i hope so too bro.

just had an extremely unpleasant service by a loan application officer on the phone just now.
for the time being i just need to vent my frustration on all those unprofessional officers. they do not take heed into the client's needs at all and are not attentive to any sort of details completely. they could be junior or otherwise but they clearly lacks the initiative to even learn their own 'bread and butter' to service their potential clients at all.
worst still, they are projecting a bad image for the banks/institutes that they work for.
of course, they are some which are genuinely good at what they do but so far, most of the officers that i'd come across are plain lazy and ignorant when it comes to loans. sigh!
having said so, can any 'professional' bankers assist me to answer the following:
1. for a individual earning gross approximately 7600/mth, how much maximum loan can he/she undertake? the person is currently servicing a loan of approximately rm380k undertaken end of 2009. he/she is looking towards a new purchase and would like to know the maximum loan amount he/she is eligible for