Hi all, looking for some advice here.

Applicant A (Age 32, working in financial sector, not bank)
Gross Income = RM7,500; Nett income = RM6,100
Commissions are paid quarterly basis (on average 2-3 months per quarter)
Gross income during commission months (February, May, August, November)

Summary for past 6 months
July = Gross income @ RM7,500, Nett income @ RM6,100
August = Gross income @ RM22,500, Nett income @ RM16,000…..2 months commission
September = Gross income @ RM7,500, Nett income @ RM6,100
October = Gross income @ RM7,500, Nett income @ RM6,100
November = Gross income @ RM30,000, Nett income @ RM21,000…..3 months commission
December = Gross income @ RM7,500, Nett income @ RM6,100
January = Gross income @ RM7,500, Nett income @ RM6,100

A’s monthly commitment
Housing Loan = RM2,950 (joint-name loan, not with Applicant B)….not sure if bank will calculate using RM2,950/2 (ending in 27 years)
Personal Loan = RM2,000 (ending in 3 years)……for family purpose (unable to disclose further)
Car Loan 2 = RM875 (ending in 5 years)
Car Loan 1 = RM505 (ending in 14 months)
Credit Card = RM800 (ending in 9 months)
Applicant B (Age 29, working in accounting firm)
Gross Income = RM4,700; Nett income = RM4,000

B’s monthly commitment - Nil
We are looking to get a mortgage loan valued at RM550,000, tenure at 35 years. What are the chances?

If the abovementioned chances is slim, what if A had paid off Car Loan 1 & Credit Card before applying for the loan?

This post has been edited by Dreamer09: Aug 5 2021, 11:07 AM