Oct 27 2010, 02:21 PM
QUOTE(st127 @ Oct 27 2010, 08:47 AM)
Hi all
For a person who not able to save up or come up with a downpayment (of at least 10% right) as bank only give Housing loan 90%
What other ways to be able to buy a house then???
Recently government launched those household below 3k income and buy first house no need downpayment can 100% bank loan, BUT subject to 220k house price n below...Lets face reality, its so tough to get house 220k n below unless outskirts area (maybe Rawang or Meru)..
Mind to share your experiences and advice...?
Thanks
Ways to do it:For a person who not able to save up or come up with a downpayment (of at least 10% right) as bank only give Housing loan 90%
What other ways to be able to buy a house then???
Recently government launched those household below 3k income and buy first house no need downpayment can 100% bank loan, BUT subject to 220k house price n below...Lets face reality, its so tough to get house 220k n below unless outskirts area (maybe Rawang or Meru)..
Mind to share your experiences and advice...?
Thanks
1. Share it with someone, joint name
2. Borrow from family members
3. Get rid of your car(if you have one) and take public transport
4. Company borrowing (advance)
5. Credit Card (but not advisable but people have done it) - very risky
6. Look for DIBS and developers that do creative ways to almost 100% loans. Usually applies to lousy or expensive property or both.
7. Mortgage family property if any.
8. Work another 2 years and think again.
9. EPF if any
10.Ah Long loan for downpayment but very high risk of getting painted red free of charge.
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