Mar 3 2009, 05:51 PM
QUOTE(kayx @ Mar 3 2009, 04:16 PM)
this means u need to mortgage your house. i'm not an expert or experience, but i think you just need to go to the land office to add your name to the Title of the house/land, assuming that your mom have paid off all the loans and taken out the charge of the land from the bank so it belongs to your mom. so you may not have to go lawyer to do this.
then only you can start applying for a mortgage from the bank for a loan under your name.
normally if u buy house... allocate about 3% of the total house cost for stamp duty and legal cost.. it's very expensive... for loan less than RM200k the BLR normally not very good.. about BLR-1.7 or something like that.
for ur statement i dont think this is rightthen only you can start applying for a mortgage from the bank for a loan under your name.
normally if u buy house... allocate about 3% of the total house cost for stamp duty and legal cost.. it's very expensive... for loan less than RM200k the BLR normally not very good.. about BLR-1.7 or something like that.
TS u can take up to certain amount ( Perhaps 100k sharp ) to get the Zero Entry Cost , after the bank release the money to u , use half of it to off set principal to 50k . From what i know CIMB offering BLR-1.95 for below 100k loan amount but based on ur statement ,ur property worth up to 300k but u only loan for 50k i think they might can get u a better interest rate bcoz of LOW MARGIN. Try take more loan amount to get Zero Cost Package as u can always use the surplus money to off set ur principal anytime.
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