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 Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!

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MC Mong
post May 4 2015, 08:15 PM

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Hi all,

I would like to refinance my house. Personal.

Looking for banker from Ambank, Hong Leong Bank and UOB bank.

Only prefer full-flexi loan. Kindly PM me your contact. Thanks.
MC Mong
post Jun 18 2017, 11:42 PM

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Dear sifus,

I'm a commission earner for a enterprise company. I do not have basic pay, nor epf contribution. If my commission for that month is 10k, I will receive full exact amount via cheque payment.

May I know any bank will accept if i would like to apply mortgage?

MC Mong
post Jun 18 2017, 11:52 PM

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QUOTE(wild_card_my @ Jun 18 2017, 11:45 PM)
the bank will consider two things:

1. Declared tax on Borang B
2. 10-20% of the average 6 months deposits in your company bank account statement

Some banks will look look either one, whichever higher, others whichever lower, but a tax payment is essential for an enterprise that is running a business (as opposed to those that exists for tax purposes for a contracted person)

Also, if you are running a business, the salary, epf, etc that is paid to you as a person from your own company is not worth anything to the bank; because as the owner of the company, you can manipulate your income however way you like.
*
I'm not self employed bro.. what i mean is i'm working with a enterprise company as a staff. commission based

 

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