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 Guide and inquiries regarding housing loans, technical questions are welcome

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smon80
post Sep 30 2013, 11:41 AM

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Joined: Jan 2013
Need your advice,
I had 1st house purchased and just refinancing. Bank value 500k, refinance 350k.
Now I intend to get another new house around 650k. Will I eligible for 90% loan or otherwise?
My commitment is 1.5k/ month and rental is 1.4k/month.
Current nett salary is 3.6k. My company had quarterly incentive average 4k/quarter.
I would intend to loan 550k. Can I use my parents property as gurantor or grant what ever? The property is fully settled.

Thank you


 

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