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Implementation Of A Maximum LTV of 70%, for 3rd properties and beyond only...
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wwwcomment
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 Nov 8 2010, 11:38 AM
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Getting Started
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QUOTE(Drian @ Nov 8 2010, 11:07 AM) I don't know why you guys keep on assuming use brother/father/baby name cause when you use your son's name the son is liable for the loan and not the father. If you put you son's name , then your son must show that it have enough income to pay for the loan. You cannot pay for the loan and put only the son's name in the house. The bank will not allow that. i also wonder why ppl keep on saying that. maybe their siblings or children or relatives are all qualify to loan and willing to borrow thier names for them to loan? very curious...  |
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wwwcomment
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Nov 8 2010, 05:27 PM
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Getting Started
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QUOTE(tinkerbel @ Nov 8 2010, 05:10 PM) @cranx, No.. the objective of the rule was so that people don't buy properties for speculations. If, so as long as I don't have 3 concurrent housing loans at the same time, this new rule doesn't affect me, then what's the point? Then again, i'm not complaining! MUahAHaahAHAh We need some loop holes  this is not a loop hole. at least less "investors" will buy new launch with this ruling now. |
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wwwcomment
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Nov 8 2010, 05:31 PM
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Getting Started
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QUOTE(tinkerbel @ Nov 8 2010, 05:28 PM) @wwwcomment, You'll be surprised to know, depending on projects and location; a lot of people take less than 90% loan. May not be majority for all projects. I do know of certain projects where majority buyers are cash paying rich aunties and uncles! of course there are still ppl buying. but the point is become "less". which will cool down the market. especially for over priced new launches. |
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wwwcomment
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Nov 11 2010, 11:32 AM
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Getting Started
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QUOTE(De_Legend @ Nov 11 2010, 09:38 AM) when apply loan under a company especially a S/B, directors(shareholders) will be the guarantor... hence bank will check the directors as well...  a lot of ppl tot open a sdn bhd company and u can do things without affecting personal finance, company bankcrupt and no affect to personal finance, they did not know that a lot of sdn bhd when buy things like machinary, invest to bigger factory and etc, personal quarantee is always needed. |
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