Same here..I also want to know.. if possible to get BLR-2.3 or better whole tenure for my newly completed house at ttdi alam impian... i know ocbc can do that..BUT

1) I was told that my lawyer not ocbc panel..thus cannot apply loan...this sounds weird to me
2) ocbc is not naza ttdi panel banks so have to pay valuation fees (panel bank like maybank waves the fee) ..but now ocbc in the process being the panel for naza ttdi ..so problem 2 is solved..

How true is this?..especially point 1

Dear HomeSave,

I was wondering whether the Zero Moving Cost (ZMC) like the one offered by BSN means legal fees will be included in the loan or the fees are actually paid/waives by the bank?

Are there actually packages where legal fees are actually paid/waives by the bank? Thanks. I'm currently looking for a homeloan.

Hi all...

For islamic loan MOF 90% (or more) out of RM474300...can anyone give me better offer than BFR-2.35 whole tenure + no lock in period? That is the best offer I got so far and if there is no better offer, I'm thinking of signing the LO soon. Completed landed property waiting CF, buy direct from developer.

This post has been edited by y2kfirewalker: Oct 15 2010, 03:54 PM

Hi All,

Is it normal for buyer to be charged with valuation fee for a completed property but not yet received CF, buying from developer, when applying for home loan.

Thanks.

This post has been edited by y2kfirewalker: Oct 18 2010, 12:22 PM

Dear ALL Mortgage Consultants,

I came to know that for Islamic financing, Musyarakah Mutanaqisah (MM) is much better than bay’bithaman ajil [BBA].

I am looking for more than 500k home loan.

I was recently offered bfr-2.35 whole tenure (40 yeARS) but it is based on BBA concept. Previously I didnt know the differences between BBA and MM. As such, I am now STARTING to look for MM based loans. I believe not all banks are offering MM based loans.

Please PM me if you can offer me MM based loans with attractive rates.

This post has been edited by y2kfirewalker: Oct 24 2010, 02:06 AM

Hi Lengkwas,

Since you are taking affin islamic, I guess your loan the loan must be based on BBA right?

As far as I know, and if I am not mistaken, under BBA concept, rebate due to refinance or settlement before end of tenure is solely up to the bank (yes, they can give you rebate of 0.00001 cent/or none and ask you to pay for the whole agreed selling price minus rebate which is based on the full tenure)...

Since you want to refinance, do you know how much rebate are they giving you? Is it comparable to conventional loan?

I'm also looking for islamic loans, and from my research and interviews it seems BBA is 'dangerous' for the case of settlement before end of tenure/refinance....

Only advantage of BBA compared to MM (Musyarakah Mutanaqisah/Diminishing Partnership) is the capping of interest...

MM works very similar like conventional loans and for Muslims...its halal...

Please advice bro....

This post has been edited by y2kfirewalker: Oct 26 2010, 11:17 AM

thanks for the reply lengkwas,

The balance that you have to pay is not the same as selling price, that means they have given you some rebate..... since they have the right to claim the full amount. However, do you know the amount that you have to pay to the bank is actually the same if you have taken conventional loan or not.

This is because, from my analysis, I found that even there is rebate..the rebate is quite low..that means..if you take conventional loan..the amount you have to pay to the bank is lesser. Of course I'm not so sure of this.

Hi Alan,

Sorry but there is already one OCBC agent applying for me, she is trying for bfr-2.5. The only problem is that she is not confident can appeal for more thann 30 years loan since max islamic loan under OCBC is 30.

Are you capable of pushing the tenure further? If you are confident, then please pm me. After all, shopping for home loan is like shopping for furniture. 1) Make sure the buyer bargain 2) Make sure bargain from the boss or at least the employee with good "cable" to the boss. Am i right?

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Added on October 28, 2010, 6:02 pmDear ALL mortgage consultants,

I am looking for Islamic home loan based on Musyarakah Mutanaqisah concept (not BBA). Officially, the best offer that I got so far is bfr-2.35 whole tenure+ valuation waived + 40 years. Some promised better, but no LOs yet.

IF you are confident you can offer me at least bfr-2.4, then please feel free to PM me. I can give you all the LOs (the ones offering -2.35) that I received to back up my application. Again please ensure that you are capable of helping me to get at least -2.4.

Thanks!

This post has been edited by y2kfirewalker: Oct 28 2010, 06:02 PM

Hi Lengkwas,

bfr and blr should be the same....but please note that some bank have higher blr/bfr compared to other banks....so check that as well

i believe you can use MLTA for islamic loans as well

i'll PM you my ocbc agent contact...

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Added on October 29, 2010, 2:47 pmCybermaster98 is correct.. push for lower rate, even if it sounds absurd at first ...



This post has been edited by y2kfirewalker: Oct 29 2010, 02:47 PM

Nothing is impossible.... human rules are made by human...can be bent, can be broken... depends on how "strong" you are.....ever heard of people taking millions of loan wth zero interest?