Can anyone help me calculate a SPA and loan Agreement fees for a RM2,000,000 property? Free hold.. 90% Loan.. Newbie in mortgage here...

Dear All,

Can someone introduce me to join direct under bank for mortgage line? I am now in outsource but find it difficult to cope as i am new to this line. Please be kind to help me on this. Please pm me for infomation. God bless you all with your kindness...

its indeed good deal as per market now... but it depends on loan amount as well... some will get -2.4 but very subjective.

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Added on November 9, 2010, 3:34 pmit will be included in the offer letter for your loan as well... apply at 1 go..

This post has been edited by mcmak: Nov 9 2010, 03:34 PM

the reason why valuer exist is because they are treated as a "scapegoat" of the bank... they will not simply boost up the value because if they over promise you on the value of your house, when there is a non performing loan occurs and the bank need to auction the house, the bank will again look for the valuer who gives value and see if it matches the current market at the time of promise, if it doesnt match then the valuer will be held liable for the loss of the bank...

as for your case of valuation does not match, it could be your banker giving wrong info or ask the valuer who come to site visit, he will know better as he has all the info given when obtaining the loan....