QUOTE(unigal @ Jan 17 2018, 11:14 AM)
Dear Sifu,
Need some advices.
Currently, I am still serving my first house's loan payment which is not much left, about 30K. I am planning to buy a second property which cost about 750K max. I don't intend to settle my first housing loan because part of the money I will use to buy the 2nd property. If I do this, will this have any impacts to my loan application? Any other good method that you can suggest? Kindly advice. Thanks.
HelloNeed some advices.
Currently, I am still serving my first house's loan payment which is not much left, about 30K. I am planning to buy a second property which cost about 750K max. I don't intend to settle my first housing loan because part of the money I will use to buy the 2nd property. If I do this, will this have any impacts to my loan application? Any other good method that you can suggest? Kindly advice. Thanks.
If you remain your first property to appear as loan in CCRIS. It will impact your DSR as part of the installment is still calculated as monthly commitment until you settle the full.
Unless your current income is sufficient to take up 2 loans installment at the same time.
You may provide me the following info to check for you.
Age
Gross pay
Nett pay
Rental income
Bonus 2015 2016 2017
Commitment
House
Car
Credit Card outstanding
Personal Loan
PTPTN
Do let me know how much you intend to loan for the 2nd house purchase as well.