We are only bank in Malaysia offering a Trade-up mortgage, an avenue for you to secure your dream home while finding the right buyer for your current property.
A Trade-up Mortgage is a short-term secured loan designed to bridge the temporary cash shortfall when you want to buy that dream home pending the sale of your existing house. It is secured against property, in this case, your existing house.
Maybank's Trade Up Mortgage gives you the following financial assistance:-
- The necessary finance to bridge the gap between the purchase price and the approved loan amount of your new home, and;
- The necessary finance to redeem the loan amount still owed to a financial institution for your existing house.
Benefits
- Gives you the financial assistance to secure a new home pending proceeds from the sale of your existing house.
- Gives you at least 18 months to sell off your existing house at the best price.
- Financial assistance of up to 70% of the open market value of your existing house.
- Helps you pay off the existing loan on your existing house.
- A short-term loan of up to 18 months only.
- Settled by the proceeds from the sale of your existing house.