Need some advice from mortgage banker

currently my pay is around 2.2k without any other installment.

planning to buy a house with market price rm 500k but i want to borrow only 200k
while my parents will pay 300k

do you think this is possible? given the collateral is more than my loan amount.

i am a good pay master.

you r so lucky...you can try you might succeed..talk to the banker..be prepare to pay half your salary the installment of RM200K

RM200k loan,blr-2%, monthly installment already around RM900. You sure you can handle it? Any others commitment?

Is your parents still working? maybe you can attach your name with your parents in the loan. More easy to approve.

40% not a problem. Just my name.

The reason for such a low pay bcoz i just switch line.

I have almost 5yr IT working experience and now become analyst from low.

Fully paid my car 3 yrs ago and never delay any installment nor credit card payment. Super duper good pay master.

if bought the new house, current house will be rented out, rental income would serve the installment too. Problem is current house is under my mom's name.

Any other advice ?

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Added on August 22, 2009, 1:04 ami heard lesser than BLR-2% also got ler

This post has been edited by alfredfx: Aug 22 2009, 01:04 AM

Shouldn't be any problem as long as you can show that the RM300k in your bank account as prove of the money and try loan up to 90% of flexi loan when loan approve just deduct out from the loan principal,they will contra out the extra loan amount interest from your loan. Give it a try it won't cost a single cents trying.

oic.

thanks for the advice. roughly got some idea.

Ya, more then -2% also have, i just be safe so using -2%.
If you need help in applying loan, you may contact me too.
All the best to you