Ada apa dgn “Housing loan” 2.

Well finally we decided to take 1 from the 5 banks’ offer.
Though not all criteria are met(byk songeh kan kami ni) tapi amik je le mana yg hampir2 dgn kemahuan kami.

Anyway we chose that particular bank sbb ada member real estate aku habaq baik ambil international bank rather than local bank because the property is under construction and customer service for international bank is much better.

Kenapa property under cons perlu good customer service?

Well basically this is under const property so the bank will pay progressively to the developer.
If the communication between the developer and also the bank breaks down, and the bank does not release the money to developer within the time given(which is 21days from the developer gives notification) then we, the purchaser need pay the penalty 10% of the house price.

Agak tersepit juga la kite purchaser ni sbb ape jadi kalau mmg developer saje2 buat delay and do not give ample documentation needed in order for the bank can release the payment?Kena byr gak kan?

And I just read the loan facility agreement and most of the terms resides or favors to the bank. Sume mesti ada with bank’s absolute discretion dan sesuka hati bank tu nak buat apa.
Contohnya “they can vary the interest rate by giving us the borrower notice in writing which can be in any term termasuklah general advertisement in form of mass communication or by notice placed at banking hall of the bank branch mana aku buat loan or melalui website bank .
And the date commence of paying with the different rate is fixed by the bank dan kalau bank fail to notify us,that will not prejudice their rights to claim for such varied interest!”

So what do you think?
Dan salah satu bende yg aku tak puas ati sbb every 2 years bank may conduct valuation and the cost will be borne by us!!Every 2 years pule tu!Teruk kan?
Aku rase ini lagi parah dari "ah long".

Tapi tu le if we do not agree with the terms then no loan lah.
If no loan, no house lah.

Tu pun da cukup bagus the bank is considering to give the loan tu us.Kalau idak, nasib le.Tu le lenkali cari duit byk2 skit baru boleh beli umah byr cash kan?huhu

Nasib baik all the moving in cost on bank’s side will be borne by the bank.Alhamdullilah.

The bank’s lawyer keep saying to me that they are bank’s lawyer and not my lawyer and if anything happens, they will reside the bank.Aku tak kisah la sbb bank yg byr dorang punye fees, so lantak korang la.Tapi kalau aku yg kena byr the moving in cost, aku bising gak la.

Alhamdullillah the moving in cost on developer side also is free!So we really save on the moving in cost.If you want to know what is moving in cost, you can go to this website.I did elaborated in my old entries.You can find it here.I calculated for our house it is more than RM14k gak le.Fuh!

One tips to get good interest rate is by applying to all banks(if you have the time le).Then you can make counter offer once you get offer letter from the banks.Meaning let say bank A gives you 5% interest rate, then you can counter offer with other bank asking for lower interest rate.For you to counter offer, you need to give the other bank the offer letter from bank A.But sometimes if your bank agent is good, they can just counter offer without the offer letter.You can just verbally inform them you get better rate for other bank, so you want to counter offer.But you have to bare in mind, you may get lower interest rate but they may reduce other facility such as the entry cost or others.

Anyway, I have 3 months to make sure that bank can release the money in time.Aku kena kejar developer to make sure all the documentation needed by bank’s lawyer is intact so that the release can be done easily without any hiccups.
Senang cite aku kena kejar both parties le so that neither one buat hal.

Tah le serabut le pikir psl benda2 serious macam ni.

Tapi tak sabarnyeee nak masuk rumah sendiri…:D

Every day I pray and hope everything will be ok insyallah.