Are your buying a property from property agent or owner?

PURCHASE PROPERTY FROM AGENT OR OWNER

Buying from agent :

Agent will normally show you all the property within your criteria. From budget, property type, location and property size.

They will help you narrow down your option and to negotiate better price with the owner.

The process will be faster when you deal with agent since they have few properties in hand for you to choose from.

Buying from Owner:

Buying property from owner can be sometimes get you a cheaper deal. Since, the owner do not need to paid commission to agent .

However, the owner only have one property in the list while the agent will have give you more option.

The most important things, either you are buying from the owner or agent, you must check the property market value. The property market value must at least the same as the property price or higher.

For example :

If the property price is RM300,000. While, the market value only RM250,000.00 . Mean, the property selling is expensive. This will effect the bank loan as well. Since the bank will base on RM250,000 to give 90% margin of finance. The borrower will need to put down additional down payment to the owner.

Therefore, call our mortgage consultant now to get free verbal valuation for your property and simple loan quotations!

Call us at +6016-2056205 or +6012-6946746 or send us an email to mortgageconsultant@live.com.my.

Are you purchasing property from developer?

PURCHASE PROPERTY FROM DEVELOPER

Introduction Buying a house is an exciting event. It will probably be the biggest purchase you will ever make in your life. Understanding the steps involved in securing a housing loan will help you save time and avoid uncertainty and anxiety.

Buying a House Buying a house is a major step, so it deserves careful thought and planning. If you are buying a property under construction, you should check the background of the developer. You should ensure that the developer: Has a valid license issued by the Ministry of Housing and Local Government which is still in force (not expired) Has a valid advertising and selling permit issued by respective local authority which is still in force You have the right to enquire from the developer, information on license and permit. You can also refer to the Ministry of Housing and Local Government for further clarification. A developer with a good track record reduces the risk of the project being abandoned.

What can I Afford? Before you commit to purchase a property, you should first work out a budget to help you determine how much you can afford and the ceiling price on any property you may wish to buy. As a guide, your monthly commitments on paying instalments for your house, car and other payments should not exceed 1/3 of your gross monthly household income. Your source of funding can be all or any combination of the following: Savings Withdrawal from Employee Provident Fund (EPF) account Loan facility from a financial institution

Most of all, not all the developer’s project will be finance by banks. Therefore, it is good to contact our mortgage consultant to know which bank is financing the project.

Contact our mortgage consultant now at +6016-2056205/+6012-6946746 or email to mortgageconsultant@live.com.my .

Need Your First Home Loan?

1ST TIME HOUSE BUYER

Buying your first home is exciting and a little scary at the same time. Not only are you faced with the challenge of finding the right property to become your first home, but you also need to know you're getting the right first home loan.

How Much Can I Borrow?

Before you go hunting for your new home, you should have a clear idea of exactly how much the banks will allow you to borrow. Once you understand how much borrowing power you have, learn how much the repayments will be and work out if this amount is affordable for your income level.

Knowing your borrowing capacity and your repayments ahead of time means you won't be tempted to overspend or go hunting for houses that are outside your budget. Contact, our home loan consultant they may be able to help you achieve your goals.

Which First Home Loan is Best?

The Malaysia mortgage market can be a confusing maze of options, home loan interest rates and bank jargon that can be difficult for a first home buyer to navigate successfully, but you don't have to get through it on your own.

When it comes to finding the 'best' first mortgage for you, it's important to remember that no two people have identical financial situations. Nobody else but you has your income, your expenses or your goals. This means that aiming at a mortgage that worked really well for a friend or family member of yours may be a terrible option for your own first home loan.

Always keep in mind that you should aim at finding a mortgage package that works best for your unique personal situation.

Do I Need a Deposit to Buy My First Home?

Most Malaysia banks have scaled back the availability of no deposit home loans and 100% home loans. The current maximum financing is 90% + 5% MRTA (optional).

The best way to check if you're able to begin searching for your first home is to contact a professional mortgage consultant. You'll be helped to understand your full borrowing capacity, you'll know how much your repayments will be and, best of all, a mortgage consultant will make sure you're applying for the best possible first home loan to suit your needs and your goals.

Call our mortgage consultant now to get a simple quotation and free verbal valuation on your property.

Contact our mortgage consultant now at +6016-2056205/+6012-6946746 or email to mortgageconsultant@live.com.my .

INCREASE IN BLR OR BFR

Dear All,

As most of you know or for who do not know, base lending rates(BLR) or base financing rates (BFR) had increase recently.

This is some of the banks BLR/BFR for your reference.

Today Mortgage

Welcome, to my personal blog. In this blog i will share some information about mortgage market in Malaysia.

You are free to drop your comments or questions in my blog.

Thank you :)