I am planning to get another commercial loan for 85%
However based on my calculation. I am lack of RM200 to RM350 installment due to another loan. Will a guarantor help?
Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
|
|
 May 4 2015, 02:14 PM
Return to original view | Post
#1
|
 
Junior Member
473 posts Joined: Feb 2009  
|
|
Quote|
|
|
|
|
May 4 2015, 09:38 PM
Return to original view | Post
#2
|
|
Junior Member
473 posts Joined: Feb 2009
|
QUOTE(B-Kwon @ May 4 2015, 08:03 PM) Better to get in another co-borrower instead of guarantor MAy I know why? I can actually but i prefer to get it my own. |
|
|
May 5 2015, 07:47 PM
Return to original view | Post
#3
|
|
Junior Member
473 posts Joined: Feb 2009
|
QUOTE(B-Kwon @ May 4 2015, 10:57 PM) Guarantor serves other purpose, eg when the main borrower is still new to his/her employment. But for commitment issues, most bank would prefer co-borrower rather than guarantor. Will guarantor helps if my new loan( to be apply soon) lack of Rm200 to 300? Based on Nett Salary x 70% - loan installment - (to be apply soon installment ) = -200/-300. |
|
|
May 6 2015, 12:31 AM
Return to original view | Post
#4
|
|
Junior Member
473 posts Joined: Feb 2009
|
QUOTE(B-Kwon @ May 5 2015, 08:41 PM) No, guarantor will not help. Unless can mitigate by having RM1m in assets. If not, better get another co-borrower with at least RM2k fixed income. Thx for replying. Do banks still accept joint parents as co borrower? Retired but with fixed pension. |
|
|
May 6 2015, 10:15 AM
Return to original view | Post
#5
|
|
Junior Member
473 posts Joined: Feb 2009
|
QUOTE(B-Kwon @ May 6 2015, 08:54 AM) Yes, they do. As long as the main borrower's name is in SPA. THx for telling. That's a good news for me. I thought retired parents cannot be co-borrower. |
| Change to: |  0.1220sec
 0.52
 7 queries
 GZIP Disabled
Time is now: 4th December 2025 - 10:20 PM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.