Mar 7 2010, 01:06 AM
QUOTE(jd low @ Mar 6 2010, 12:04 PM)
My brother and me is going to buy a house at Johor the value of the house estimated rm 200k
The problem is my brother work like a sub contractor which weekly payment rm 1500, monthly is rm 6000
He dont have EPF and settle all the car loan ,no utang bank ,he is just 25 years old this year .
I wil be his guarantor which estimate monthly rm 10k-rm 15k above my salary ,the problem is me also dont have EPF and my company is under my friend we are partner ,i dont want to involve my company name ,im 23 years old .
we want to borrow rm 150k and may be settle in 5 years- 10 years down payment we paid rm 50k.my family dont take loan all this while ,even we buy car for cash ,but this is the 1st time ,how to applied the loan and will they approve if we dont have such a statement or paid slip .moreover we dont paid TAX.
The bank when considering loans are quite transparent. You'll just need to prove your income as that is the main "ability" to pay back the loan you "loaned". So without valid proof, who are you so the bank "trust" you and lend to you. So unless you sorted out your "proofs" on income, it's not a very good case for the mortgage sales.The problem is my brother work like a sub contractor which weekly payment rm 1500, monthly is rm 6000
He dont have EPF and settle all the car loan ,no utang bank ,he is just 25 years old this year .
I wil be his guarantor which estimate monthly rm 10k-rm 15k above my salary ,the problem is me also dont have EPF and my company is under my friend we are partner ,i dont want to involve my company name ,im 23 years old .
we want to borrow rm 150k and may be settle in 5 years- 10 years down payment we paid rm 50k.my family dont take loan all this while ,even we buy car for cash ,but this is the 1st time ,how to applied the loan and will they approve if we dont have such a statement or paid slip .moreover we dont paid TAX.
Anyway, without EPFs are they valid salary slips?
Also, in your 2nd part; there's really no such thing as guarantor in mortgage loan. You either "join name" with your brother as co-borrower or he borrow by himself.
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