i'm looking for a home loan for my following unit:

House type: Serviced apartment
Status: completed
From: developer (developer unit)
Land: leasehold (85 years more)
Location: Sri Kembangan
Price: RM 263K
Loan amount: 90% or more?
Loan tenure: 30 years

please pm me? thx thx

hi brokers, i'm applying a home loan for me new purchase with the following details:

Price: 210k
Property Status: Under Construction
Property Type: Condo
Margin of Finance: 90% (actually is 100% because developer gives 10% rebate)
Purpose of purchase: Investment (rental)
Period: 30 years (if possible 35~40 years). Now i'm 23 years old.
Lock in: doesn't really bother me, but of course the lower the better
Insurance: MRTA, can quote me for 15/20/30?

be frank, this is my first purchase, there are so many things running in my head x_x

i have the following questions:
1. is it true that there is no more ZEC (even if i apply my loan through developer)?
2. developer is not bearing the interest during construction for this project, is there any bank is willing to waive it until property is completed?
3. i do have some spare cash (20k), some other paper asset that i'm planning to cash out in next 3 years, i am able to consistently save 1-2k a month, i do plan to buy more properties in future. what kind of loan is suitable for me? (i'm considering a fully flexi loan - not sure if it's a right choice?)
4. in fully flexi loan, which bank does better? in terms of their service and charges
5. what is the standard rate being offered, and whats the best rate can be offered?
6. i wonder if i put in 20k cash and consistently put 1-2k a month to the fully flexi loan, does it save more interest than having a semi-flexi loan? can anyone show me how the interest saving is calculated?
7. is blr rate for semi-flexi and fully flexi the same?

This post has been edited by vdfoo: Jul 4 2010, 03:35 PM

i need to finance a new condo worth 240k, all the fees are born by developer, i have got following approved with offer letter:
- hsbc
- rhb
- affin

al-rajhi has reject me (wth)

among the choices, rhb is most suitable for me and most likely i will sign it:
semi flexi
blr -.19
5 year lock in

however just wondering if there is any other mortgages agent from other banks can offer me better than that (i *might* be able to provide the offxr lxtter for you to appeal a better rate)

thanks

damn...how come my agent could not give me -2.15
she was only giving me -1.95, 6 years lock in