QUOTE(kwyyang @ Mar 28 2017, 10:41 AM)
Dear members,
Just need some advise if I'm good for mortgage application. Me and my wife for a house around RM300k.
My financial situation:
1. own business, started apr 2016.
2. bank in my own salary since oct 2016, at RM5k to RM8k per month.
3. EA previously total salary 2014: RM66k, 2015: RM63k, 2016: RM45k.
4. Business profile, gross balance yield of RM5k to 8k per month since Oct 2016, after all expenses and my salary
5. Total cash in business, RM70k (yet to deduct deposit of RM30k). Total cash personally, RM3k.
6. Commitment: RM1500 for another mortgage loan, RM244 for hire purchase
Wife:
1. Just started a new job 1 Month: RM5300
2. Previous 4 years with a company, last drawn: RM4200 (Feb 2017)
3. Salaried earner, settled car loan.
Just wonder if we could secure another 300k mortgage loan for 30 years.
Thanks.
Just need some advise if I'm good for mortgage application. Me and my wife for a house around RM300k.
My financial situation:
1. own business, started apr 2016.
2. bank in my own salary since oct 2016, at RM5k to RM8k per month.
3. EA previously total salary 2014: RM66k, 2015: RM63k, 2016: RM45k.
4. Business profile, gross balance yield of RM5k to 8k per month since Oct 2016, after all expenses and my salary
5. Total cash in business, RM70k (yet to deduct deposit of RM30k). Total cash personally, RM3k.
6. Commitment: RM1500 for another mortgage loan, RM244 for hire purchase
Wife:
1. Just started a new job 1 Month: RM5300
2. Previous 4 years with a company, last drawn: RM4200 (Feb 2017)
3. Salaried earner, settled car loan.
Just wonder if we could secure another 300k mortgage loan for 30 years.
Thanks.
QUOTE(kwyyang @ Mar 28 2017, 10:54 AM)
Sure. Shall let you know again. As the new project is using their own panel bankers.
Thank you much for the advise.
Dear kwyyang,Thank you much for the advise.
1. Based on the details given by you, Your max loan eligibility for each bank is as follow:
Rm
A*BANK 910,780.56
H*NG LE*NG 1,138,984.29
M*YBANK 678,834.30
*CBC 883,436.29
R*B 1,128,328.96
U*B 713,976.29
C*MB 1,127,328.96
AFF*N -
PB* 1,127,328.96
HSB* 883,436.29
Things to take note of based onmy max loan calculation
" -The best bank to get the highest loan would be HLBB . However, each bank has it's own ball game
Different bank will calculate your income and debt accordingly based on each bank's different policy. Hence,
I would need to do a due diligence on your profile before suggesting the best bank to proceed with."
" - I would need to check you CCRIS, CTOS and income documentation before giving you any assurance.
If everything goes fine, 90% shouldn't be a problem for you."
2. Consider your wife has no commitment, above is the max loan amount for joint name.
3. For your income, I would need to look at your SSM and business account to verify the income.
4. For panel banker, it means developer accept any banker from that bank to process the case, not just the banker who stands there or introduce by developer. Anyone can proceed with your case.
Any further inquiries, do voice out
Cheers mate
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