@VWC
American looking for information about Malaysia
Forum
310 posts
Contacts
14
About me
American
Lives in Penang Island
Speaks Cantonese, Toisanese
Registration: 07 January 2019
Activity
Malaysia My Second Home (MM2H) by Hansson
The Malaysia My Second Home (MM2H) Visa was initially introduced as a Retirement Visa for foreigners interested in moving to and settling in Malaysia. Basically it is a 10 year Social Visit Pass with Multiple Entry that allows you to go and come as ...
@Cobolin Yup, so glad I got my MM2H pre-Covid. Even though I didn't have to buy, I wanted to so I am in escrow now. I even managed to get a home loan from HSBC, when the other banks only gave half decent loan offers. Read More
Malaysia My Second Home (MM2H) by Hansson
The Malaysia My Second Home (MM2H) Visa was initially introduced as a Retirement Visa for foreigners interested in moving to and settling in Malaysia. Basically it is a 10 year Social Visit Pass with Multiple Entry that allows you to go and come as ...
I think its good I leave a general comment here. Anyone interested in the program is best served by NOT buying anything for a while, not until youve been living in the country and have really learned Where What How. Rent and go along, ... Read More
Difficult To Change Banks With FD For MM2h? by VWC
Hi there. Been having some issues with HSBC lately here in the Bay Area (branches closing down, none close by now). How difficult is it to change banks for maintenance of the MM2H fixed deposit? Can I assume my MM2H agent can process the ...
HSBC is in my opinion the best International Bank around. But even in the UK they are closing down branches left right and centre as they want to be more of an online bank. I closed my UK HSBC account a few years ago, then decided to open a new ... Read More
Why So Difficult For Us To Get A Home Loan In Malaysia? by VWC
Ok, so we are in the process of purchasing our wonderful seaside condo in Penang and would like to leverage our money by getting a loan for the purchase. OMG, why the difficulty and scrutiny by the Malaysian banks?My wife and I are still working ...
No, can't get a US loan for a foreign property and why when interest rates are high anyway? -@VWC Does that mean US banks are stupid in the way you say Malaysian banks are because you can't get a loan? Many Malaysians, quite ... Read More
Why So Difficult For Us To Get A Home Loan In Malaysia? by VWC
Ok, so we are in the process of purchasing our wonderful seaside condo in Penang and would like to leverage our money by getting a loan for the purchase. OMG, why the difficulty and scrutiny by the Malaysian banks?My wife and I are still working ...
Again, what does an offer letter from over 20+ years say about anything today? Nothing. All your stupid banks need to see is that I have enough CASH in in either liquid form or 401k or stocks that easily would ... Read More
Why So Difficult For Us To Get A Home Loan In Malaysia? by VWC
Ok, so we are in the process of purchasing our wonderful seaside condo in Penang and would like to leverage our money by getting a loan for the purchase. OMG, why the difficulty and scrutiny by the Malaysian banks?My wife and I are still working ...
Again, what does an offer letter from over 20+ years say about anything today? Nothing. All your stupid banks need to see is that I have enough CASH in in either liquid form or 401k or stocks that easily would cover the cost of the condo itself ... Read More
Why So Difficult For Us To Get A Home Loan In Malaysia? by VWC
Ok, so we are in the process of purchasing our wonderful seaside condo in Penang and would like to leverage our money by getting a loan for the purchase. OMG, why the difficulty and scrutiny by the Malaysian banks?My wife and I are still working ...
@JasonLee_WMCHi Jason. Frankly, I have been put through the ringer over a very small loan in my opinion. Yes, I get it that I am a foreigner but at the same time what we earn in one year practically equals the condo cost!!!!! My credit is nearly ... Read More
Why So Difficult For Us To Get A Home Loan In Malaysia?
Ok, so we are in the process of purchasing our wonderful seaside condo in Penang and would like to leverage our money by getting a loan for the purchase. OMG, why the difficulty and scrutiny by the Malaysian banks?My wife and I are still working ... Read More
Difficult To Change Banks With FD For MM2h? by VWC
Hi there. Been having some issues with HSBC lately here in the Bay Area (branches closing down, none close by now). How difficult is it to change banks for maintenance of the MM2H fixed deposit? Can I assume my MM2H agent can process the ...
If transferring money into your Malaysian account is the benefit...you can do that with WISE. Why would you want to have a relative add money into a Fixed Deposit that you cannot withdraw from without special permission? I think the FD has to be in ... Read More
Thinking to moving to Malaysia for retirement by suhailalalani
Hi, thinking of moving to Malaysia in few years with my spouse. Would love to get an early start and get to know people who have made this transition earlier. Suhail.
@NemodotOk, the framework of the new program HAS BEEN released so not sure why you think the updated greedy terms of the program are still going to be around. They aren't.I am sure some of the other countries in SE Asia are nice but do they have ... Read More
Thinking to moving to Malaysia for retirement by suhailalalani
Hi, thinking of moving to Malaysia in few years with my spouse. Would love to get an early start and get to know people who have made this transition earlier. Suhail.
I am in the same boat! I have my MM2H, just need to decide when to hang it up at work.We have been back to Malaysia each of the last two years to visit family (inlaws in Johor Bahru and Singapore) and to scope out possible homes in Penang and Johor ... Read More
Malaysia My Second Home (MM2H) by Hansson
The Malaysia My Second Home (MM2H) Visa was initially introduced as a Retirement Visa for foreigners interested in moving to and settling in Malaysia. Basically it is a 10 year Social Visit Pass with Multiple Entry that allows you to go and come as ...
@VWC Makes sense not to go to the bother of buying if no need. I am assuming of course that with a European passport, I would not need a visa fort up to 90 days. Yes, essentially like everyone else I believe. In any event, I need to get out ... Read More
Malaysia My Second Home (MM2H) by Hansson
The Malaysia My Second Home (MM2H) Visa was initially introduced as a Retirement Visa for foreigners interested in moving to and settling in Malaysia. Basically it is a 10 year Social Visit Pass with Multiple Entry that allows you to go and come as ...
@zanajaYes, for that month I was there, I Airbnb'd in a nice condo in Tanjung Tokong. It was recommended by my MM2H agents. The HSBC was practically next door and the medial clinic to get covid tests done was nearby too.Now, Penang supposedly ... Read More
Malaysia My Second Home (MM2H) by Hansson
The Malaysia My Second Home (MM2H) Visa was initially introduced as a Retirement Visa for foreigners interested in moving to and settling in Malaysia. Basically it is a 10 year Social Visit Pass with Multiple Entry that allows you to go and come as ...
@zanajaHey, we may be neighbors one day....Ok, so I have my mm2h and have been traveling to Malaysia the last two years to look at properties while visiting my inlaws. I happen to love Penang ever since I spent a month there during covid to finish ... Read More
Difficult To Change Banks With FD For MM2h? by VWC
Hi there. Been having some issues with HSBC lately here in the Bay Area (branches closing down, none close by now). How difficult is it to change banks for maintenance of the MM2H fixed deposit? Can I assume my MM2H agent can process the ...
@DZINVEST Yeah, you may be right. I found out that I can open a US account online again to use that as a transfer source so maybe best to stay with HSBC. It didn't help that Citi is pulling out of the market correct? And Bank of America sucks ... Read More