A quick question, is it normal for a sub-sale home buyer in prime area to get margin of finance up to 80% only, not 90% full...

cz the bank value cannot match up with the selling price.

This post has been edited by surf-it: Aug 4 2010, 11:24 PM

Cool. Thanks man. I was listening to the stories from my friends, now it happen to me as well.

I am looking to buy properties in Happy Garden/OUG area. and honestly the market price of the houses are always hard for the valuer to match up with...

So need to be cash rich in order to own a property in that area

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Added on August 4, 2010, 11:26 pm Good info man. Really never heard this can be done. But I guess a lot of banks don't allow it nowadays...especially if you are buying prime area properties, and the value cannot match the selling price. Bank need to engage external valuer to give higher value on the house.... so may need to pay as well..

This post has been edited by surf-it: Aug 4 2010, 11:26 PM

Anybody managed to get ZEC (Zero Entry Cost) as of today?

Which bank will offer that? thx

This post has been edited by surf-it: Aug 4 2010, 11:42 PM

Thx dude, and I personally NEVER heard any testimonial from anyone taking BSN housing loan....

p/s: some commented on the #### service...

good news. Now the norm is BLR -2.2, no more 1.9

if mbb could offer 4.1 lock 3 years then -2.15 afterwards it will be attractive...

Agree man, quite hard as the valuation for prime area properties are always lower than the actual selling price. Check for few areas, same result, best case 85% considered very lucky already..

But depends on your "profile" though, if you have solid credit history some bank will kind of "ignore" the valuation and give you higher MOF.

if not mistaken OCBC is semi-flexi. Do double check.

You must be joking my friend....

Agree with kok-pun, this wont happen unless you lied to the banker/valuer in the first place...

Usually they will match whatever they promise.