Hi all,

I am a mortgage consultant from OCBC bank. The package currently offered is BLR-2.2 and BLR 2-3 for property more than 300k.

The advantage of the package is, you can finance all the legal fees, stamp duty, disbursement and valuation fees with OCBC and on top of that you can finance your life insurance (not MRTA or MLTA) as well with the bank. Of course if you opt for MRTA and MLTA, OCBC bank can also finance that for you.

If you are interested, please PM me

valuation price varies thru different bankers...

i am Ben, a mortgage consultant for OCBC.

you can! I bought my first house @ 175k earning 1.8k a month, my then Girlfriend (now wife) join name with me. altogether income is 3.6k

If let say u and gf are buying the house together, say she earns 2.6k also, you 2 are entitled to purchase house valued at 450k

btw, Koi Kinrara is not a bad choice. May I know you are buying into subsales or phase 2 units?


This post has been edited by kok_pun: Oct 19 2010, 11:43 AM

yo !!

to answer your questions:

1) If the developer finance all the LVS charges (legal, valuation, stamp duty), that is a treat to me. The only con is that, there will always be a clause saying that "you may only sell your property upon the project completion"... meaning to say that, you are locked within the construction period
2) please check with home_save
3) I did in my case, i withdraw half the amount for DP, my wife withdraw half the payment for DP. I recall i need to provide certificate of Marriage also to proof our relationship as joint holders. that should not be a problem. But i see there might be a difficulty arises where your wife and you might not have the same amount available for withdrawal, so you better check with EPF

BLR -2.2% OCBC. pm me if interested

BLR is 6.30% now..

http://www.meshio.com/base-lending-rate/

actually different valuer of different banks provide different valuation... sounds techy....

it's all based on the last transacted amount of the same property

great... 100% is ok.. but there is special calculation on the renovation loan

1 year in the same company or total 2 years in the workforce... that is the requirements

maybe a bit more u can try to engage Seremban_2

This post has been edited by kok_pun: Oct 25 2010, 06:08 PM

now market more or less BLR -2.3% you may PM me, i can try to fight BLR -2.35% or BLR -2.4%, t&C

haha.. relax brother...

anyway, a few valuations can fetch much less than 800k. Please reconsider.

I will still engage valuation for you on this but hope is slim

Anything, just ring me up...

Ben Soh
OCBC Mortgage Consultant
0129006488

guys, read this... act fast if you have already paid the earnest booking fee or signed S&P

http://biz.thestar.com.my/news/story.asp?f...44&sec=business

buyer of 3rd house or more will be regulated

1) you may get up to 90% depending on your property type

2) you may try a max 40 years period if you are a diploma/degree holder with 2 years in the workforce or 1 year in the same company

3) different lawyer charges differently, PM me if you are interested

good news to you... OCBC now offer BLR-2.3%. anything just PM me

now OCBC is still having it... interested PM me

---

Added on November 4, 2010, 9:44 amYesterday's News:

BNM caps 70% Loan to valueRatio for purchase of 3rd house.

Read here:

the star

SinChew

This post has been edited by kok_pun: Nov 4 2010, 09:44 AM

i think worse come to worse a lot of property investors will run away... that is a good screening though, as only genuine buyer are left... loans are easier to approve as well

let me check and let you know later

ok... it goes by the loan... not the ownership of the property

if let's say you join 2 names in the loan for 2 properties, it's counted as 2 properties each.

then the next one acquired by either of the owners is considered the 3rd properties in hand...

for 1 buying as 3rd house and 1 buying as 1st house, my loan department is unable to answer me as there is no firm instruction from the govt yet

I got an update from my loan department recently.

Bank Negara do not care about how many property in possession, all they care is how many loans are currently running for each individual. For a person with 1st time loan application joining with a person of 3rd time loan application, it is considered as overall 3rd time for both.

that means both of you are entitled for 70% loan only, based on LVR (loan to valuation ratio)