Hi, i am under 5 bank panel license.
For 100% housing loan :
Must be a Malaysian citizen
First time home-buyer
Individuals up to age 35 years
Single borrower gross income not exceeding RM5,000/month and joint borrowers gross income not exceeding RM10,000/month (based on gross maximum income of RM5,000/month per borrower)
Repayment of total financing obligation must not be more than 60% of the net monthly income or maximum financing limit of the participating bank, whichever is lower
Residential properties located in Malaysia
Minimum property value of RM100,000
Maximum property value of RM400,000
Owner occupied (buyers are required to reside in the property)
Residential properties located in Malaysia
Minimum property value of RM100,000
Maximum property value of RM400,000
Owner occupied (buyers are required to reside in the property)
Currently my brother in law is buying RUMAWIP project, but he wish the mortgage to be parked under my wife, is that possible?
The house cost RM300K, is under my brother in law name only, he is 39 years old.