Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
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 Mar 20 2019, 12:04 PM
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#1
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Junior Member
189 posts Joined: Aug 2018 
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Hi all,
Would like to get advice from prof banker in lowyat. Currently own 2 house (on loan).. Net salary = 8500+-. Monthly commitment = 4730. No late payment. What is the maximum loan amount I able to get and still can secure 90% of property price? |
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Apr 13 2019, 07:21 PM
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#2
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Junior Member
189 posts Joined: Aug 2018
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QUOTE(lifebalance @ Mar 20 2019, 02:39 PM) 437k 35 years loan. Let say i'm interested to purchase a land with selling/market price of 200k70%  1) What if im purchasing a residential land (only land) bank will approve how much %? 2) If (1) is successful, is there optional apply for renovation loan? if yes.. what is the %? |
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Apr 13 2019, 07:49 PM
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#3
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Junior Member
189 posts Joined: Aug 2018
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QUOTE(wild_card_my @ Apr 13 2019, 07:24 PM) 1. 85% margin, of the purchase price OR valuation, whicever is lower 2. I'm dont know what it classify either is reno or construction in bank.. if for construction loan.. how is the loan determine? 100% ? or only 85% of total quotation.2. Depends on the bank. But why apply renovation loan when you can apply construction loan? |
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