HOME  -    PROPERTY ADS   -   DISCUSSION FORUM   -   REALTORS   -   LINKS    -   CONTACT US



Realtors and Real Estate Agents - Sign Up for Free Account at Property.net.my >>


Malaysia Real Estate
Malaysia Real Estate Portal
 
 FAQFAQ   SearchSearch   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Any additional loan package?

 
Post new topic   Reply to topic    Malaysia Real Estate Forum Index -> Property Financing
View previous topic :: View next topic  
Author Message
creed



Joined: 24 Nov 2005
Posts: 20
Location: KL

PostPosted: Mon Jan 22, 2007 2:23 am    Post subject: Any additional loan package? Reply with quote

Hi all, I plan to get an apartment for my own stay, I'm facing some problems whereby I'm paying more than market rate for that property as the current owner has spent vast amount of money to renovate it.

The market value rated by bank vary from 180-185k, which means I can get roughly 165k loan if they loaning out 90% out of the value of the property, but the owner is asking for 215k which I need to prepare almost 50k upfront for the down payment.

Do you guys have any recommendation on which bank we can get a higher rate (says 95% out of the estimated value?). It is a completed an 5years old apartment. I'm planning to get some valuers, I met two of them but both of them mentioned that its hard to estimate higher as normally the renovation cost is not included when they value a property, even can, the amount would not be much.

Any recommendation for me?
Back to top
View user's profile
Display posts from previous:   
Post new topic   Reply to topic    Malaysia Real Estate Forum Index -> Property Financing All times are GMT + 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum



This is a free forum intended to foster communication between all users.
Hileytech Sdn Bhd does not guarantee the correctness or validity of postings, nor does Hileytech endorse any postings. No posting or contents in this forum can be copied and reproduced without prior permission from Hileytech and the owner of the posting. All other names and marks are trade names, trademarks or registered trademarks of their respective owners.
Powered by phpBB, Another web site by www.hileytech.com,Forum Archive
Tel : +603-89449965, +603.89449365 ::  Fax : +603-89440665 :: hiley@hileytech.com