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TOPIC: Re:Pre Approved Home Loan
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Pre Approved Home Loan 4 Months, 3 Weeks ago
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Hi, Is there any mortgage consultants able to help me on the above? By the way, what is the validity period of a pre-approve home loan? Cheers  Nichole
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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Hi Nicole,
Replied ur previous msg ad.
Yes, pre-approved loan can be done. But I need the property details in order to proceed.
Normally the validity is 1 month, but it can be extended (case by case basis)
I deal with most of the banks.
Feel free to contact me or drop me an email : jey_lee@dventure.com.my 012-3954655
Jay
Mortgage consultant
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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Hi Jay, Thanks for your prompt reply. By the way, are you representing a bank or a broker firm? If broker firm, any fees you charge to the client? Cheers Nichole
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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Hi,
Sorry for interrupting. What is pre-approved home loan actually? Is it loan for the booking?
Thanks.
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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Hi Nicole,
Yes, I'm from broker firm. My service is 100% free of charge.
Some firms outside will charge, but mine no.
Thanks
jey_lee@dventure.com.my
Jay
mortgage consultant
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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Hi Miss Teeya,
Pre-approved home loan means you can apply a loan first, even if you haven't booked the property.
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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I didn't think it was possible to get a pre-approved home loan in Malaysia.
It's a product that banks should offer but for some reason they don't. I mean wouldn't it be great if you could find out how much the bank is going to lend you (subject to them getting a valuation) before you book?
Which bank does pre-approved loans. If a bank did it I'm sure everyone would start using them...
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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For pre-approved loan, bank will only lend you the money when you hv signed S&P.
U won't get a loan even if the letter offer out as u dun hv the S&P to prove u hv bought the property.
The pre-approved loan is to let you know whether you are eligble for loan first.
Not all the banks can proceed with pre-approved loan.
It is not possible to know how much the bank will lend you because it is subject to approval. But normally bank will give 90% margin of finance for residential property.
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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Andrew, I am not sure whether possible to get a pre-approved home loan in Malaysia but in Singapore, it is a norm that we are doing this before buy a new property. Basically, the banks here will assess in term of a person's financial capacity on top of the valuation. By the way, you may use google website to find out which bank offer this kind of product. Check this out >>> https://www.maybank2u.com.my/mbb/m2u/preapprove_loan/m2uLoanInquiryForm.do?s=1I think this product is still new in Malaysia but sooner or later the potential buyers may start using it. Jay, What is the maximum extension period? Cheers Nichole
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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Nicole,
You mean how long the letter offer valid?
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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Hi Jay, Thanks for your follow up. Sorry, I don't think I need it now. My potential seller just called me to cancel the deal. Actually, I was thinking to do a pre-approved home loan to convince the seller. By the way, please keep in contact. This is my email address nic_sunshine@hotmail.com. I might need your service in the near future. Cheers Nichole
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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It's ok, feel free to contact me.
Wish you get your dream house soon.
jey_lee@dventure.com
=)
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Last Edit: 2010/03/09 21:31 By Jay.
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Re:Pre Approved Home Loan 4 Months, 3 Weeks ago
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Yes. For how long the pre-approved loan valid? For example, if I am entitle for a particular loan, until when can I apply for the actual loan?
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Re:Pre Approved Home Loan 4 Months, 2 Weeks ago
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After u submit a copy of S&P
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Re:Pre Approved Home Loan 4 Months, 2 Weeks ago
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Hi Jay,
What documents do I need to submit in order to get a pre-approve loan?
Thanks.
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Re:Pre Approved Home Loan 4 Months, 2 Weeks ago
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3 months latest payslip, printout of EPF statement, bank statement, EA form.... anything else? 
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Re:Pre Approved Home Loan 4 Months, 2 Weeks ago
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Same like normal loan application.
1)latest 3 months payslip
2)latest 3 months bank statement
3)EPF statement
4)EA form
5)IC
6)Old S&P (if applicable)
jey_lee@dventure.com
Jay
Mortgage consultant
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Last Edit: 2010/03/11 07:34 By Jay.
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Re:Pre Approved Home Loan 4 Months, 2 Weeks ago
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I mean, if I do not send the copy of S&P yet, how long the pre-approved loan is valid, if it is approved? For example, after a month/year, if I still want to proceed with that loan, can I just give the copy of S&P or I need to get the pre-approved loan (to evaluate) again?
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Re:Pre Approved Home Loan 4 Months, 2 Weeks ago
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Better provide it within a month.It is case by case basis, so cant give u an answer.
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Re:Pre Approved Home Loan 3 Months, 4 Weeks ago
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Hi
I have RM 100000.00 housing loan and car loan for RM315 for 3 years. Can i get another housing loan for RM117000 for investment. If my income is RM 2700.00. If can I want Pre Approved Home Loan. Can Any one hepl me.
Thank you
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Re:Pre Approved Home Loan 3 Months, 4 Weeks ago
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Kindly email me, I will need to know all of your commitments and other details.
Will assist you on this.
Thanks
jey_lee@dventure.com.my
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Re:Pre Approved Home Loan 3 Months, 3 Weeks ago
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Jay,
Being mortgage consultant means that you also work in a specific bank or some sort?
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Re:Pre Approved Home Loan 3 Months, 3 Weeks ago
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No, I'm not working in bank. I work in an independent company.
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Re:Pre Approved Home Loan 3 Months, 3 Weeks ago
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So, will you charge for any consultancy?
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Re:Pre Approved Home Loan 3 Months, 3 Weeks ago
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No charges. Free consultation.
jey_lee@dventure.com.my
012-3954655
Jay
Mortgage consultant
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Last Edit: 2010/04/08 16:18 By Jay.
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