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Guides and services for checking DSR, fixing CCRIS/CTOS issues, handling rejected loans, and navigating AKPK.
The price of the house that you can afford is based on your income and existing debts. EARNED HIGHER INCOME Generally, the higher income you earned, and the less debt you accumulate will increase the chances of loan approval. Usually, the rule of thumb and the safest way to calculate it is making sure [...]
Question: What will happen if I take the six months moratorium for my home loan? Answer: These are the things that will or might happen if you take the six months moratorium for your Home Loan. 1. You are not required to pay monthly installments for six months. It also means you are not [...]
When BNM announced the six months Moratorium on 24 March 2020, many people welcome the movement. And we here go ecstatic with the news because we know it will help lots of people out there. If you're late to the news, let me explain as simple as possible what is this six months Moratorium [...]
A couple of days ago, we received a call from a client. And let's called her Ms. Amy (not actual name). Amy bought a house in the year 2000 with her brother and joint name for the loan as well. The house is occupied, and the house installment is paying by her brother. In [...]
First Time Home Buyer Tips Why Bank Reject Your Home Loan When You Have No Credit Record? (No Loan) Many of us have traditional parents that told us to save money, get married, and buy a house. I know it sounds boring. ( Literally, I was yawning thinking of this) The truth is it's [...]
Question: Hi melissa, my ccris record is "too clean" so a friend suggest to apply for personal loan (RM25k for 7 years with aeon) my gross salary RM4,500 nett is RM3,900 monthly personal loan RM596 currently applying housing loan RM500k what are my chances? MHL Answer: Hi, I hope "too clean" means you [...]
Before buying a house, most of us want to know, how much loan can be approved based on our current income. And it's can scary if stepping into the buying process without getting this fact straight. So, today we're going to discuss - How much loan can i get on my salary? If you're [...]
There's one customer who was so skeptical to apply for a loan after being rejected multiple times. Totally understandable. Who likes to be rejected? The thing is if you have higher debts compare to your income, the chances are higher for the bank to turn you down. As long as you kept the [...]
You’re ready to buy a home, but you can’t find a bank who will approve your home loan. While this might seem discouraging and frustrating, it is not necessarily the end of your dream to become a home owner. Once you know the reason that you are considered a bad risk, you can improve [...]
Everything you need to know about Debt Service Ratio. Debt service ratio is used by a bank to calculate the eligibility of loan for a borrower. To be honest, debt service ratio by banks changed a lot since the last decade. And sometimes, it’s quite hard to keep up as different banks will have [...]
