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Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
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The Mortgage Specialist
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 Jun 16 2014, 11:44 AM
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New Member
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QUOTE(lus999 @ Jun 16 2014, 11:00 AM) Hi, can any bankers advise me if i have a freelance job with income rm2k per month. Is this also can include as DSR? I have another permanent job with a private company more than 5 years. Tks. Freelance work can be considered as additional income as long as you can produce some supporting documents (proof of payment/proof of payment recieved). However, some underwriters may argue on the nature of the job and its relation to your full time job. If the amount is variable, you'll need to prep supporting docs for 6 months and it will be averaged. If it's fixed then 3 months will do. Each bank differs on how additional income is treated. Some might reduce the amount based on a certain percentage just for added comfort. Izwar - +60122501523 |
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The Mortgage Specialist
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Jun 16 2014, 01:31 PM
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New Member
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QUOTE(lus999 @ Jun 16 2014, 11:59 AM) If fixed only the payslip will do? Can you recommend which bank will treat as full? Tks. Payslip AND bank statement. We have to prove the money was received. EA or EPF is also good for additional comfort but not necessary for part time jobs. I'm a banker so I can only speak for RHB. With the mentioned supporting docs we can take 100%. There are other banks that will do the same (I've been in a few). I'll leave that for the agents to answer. Izwar - +60122501523 |
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The Mortgage Specialist
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Jun 17 2014, 11:28 AM
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New Member
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QUOTE(Eng_Tat @ Jun 16 2014, 11:06 PM) Any banker can advise which bank can accept the following profile for housing loan Going to Purchase Apt at Price RM180K (equivalent to MV) Loan *70% = RM126K (5th properties) Income RM4150 (nett/gov servant) + Rental/TA RM1300+RM1150 = RM6600.00 nett Debt HL1 (59K) - RM373 HL1A (62K) - RM625 HL2 (109K)- RM508 HL3 (280K) - RM1350 HL4 (86K) - RM459 Total (RM596K) - RM3315 CC - RM0 You should have no issue obtaining a loan at most banks. Ur DSR is estimated at 74% based on the info u provided. (Including the new loan) Izwar - +60122501523 This post has been edited by The Mortgage Specialist: Jun 17 2014, 11:29 AM |
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