Sep 15 2011, 10:51 AM
QUOTE(EDK @ Sep 15 2011, 12:21 AM)
I am referring to the article at http://malaysiahousingloan.net/2010/11/05/...-loan-criteria/
Example 1 :
Mr A has 3 existing home loan with few banks.
Ms B has only 1 existing home loan with bank.
Now, Mr A would like to purchase a new house with Ms B. Sales and Purchase agreement under Mr. A and Ms B.
Scenario 1:
With an assumption, the new home loan under Mr. A name. The home loan entitlement will be up to margin 70% only. Because, this is Mr A’s 4th home loan.
Scenario 2:
With an assumption, new home loan under Ms B name only. The home loan entitlement will be up to margin 90%. Because, this is Ms B’s 2nd home loan.
I fall into Scenario 2 and were trying to apply loan from bank using my sister's name.
Just got the loan application rejected by OCBC and RHB.
Is scenario 2 no longer applicable now? Anyone under scenerio 2 manage to get your housing loan done recently and with which bank?
Most likely the bank thinks you have insufficient income.Example 1 :
Mr A has 3 existing home loan with few banks.
Ms B has only 1 existing home loan with bank.
Now, Mr A would like to purchase a new house with Ms B. Sales and Purchase agreement under Mr. A and Ms B.
Scenario 1:
With an assumption, the new home loan under Mr. A name. The home loan entitlement will be up to margin 70% only. Because, this is Mr A’s 4th home loan.
Scenario 2:
With an assumption, new home loan under Ms B name only. The home loan entitlement will be up to margin 90%. Because, this is Ms B’s 2nd home loan.
I fall into Scenario 2 and were trying to apply loan from bank using my sister's name.
Just got the loan application rejected by OCBC and RHB.
Is scenario 2 no longer applicable now? Anyone under scenerio 2 manage to get your housing loan done recently and with which bank?
This post has been edited by prody: Sep 15 2011, 10:51 AM
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